Business

Audi meets Mexican officials after plant dispute, says it is open to audit

German carmaker Audi NSUG.DE said on Monday it was ready for Mexican officials to audit its plant in the central state of Puebla after holding talks with state and municipal authorities following a dispute over bill payments last week. In a statement, Audi said it would hand over in full the documentation requested at Monday’s […]

Business

Analysis: New Apple ‘iPhone 12’ to offer 5G speeds U.S. networks can’t deliver

5G will finally get its U.S. closeup with the expected debut of Apple Inc’s next iPhone on Tuesday. But the blazing speeds promised will not materialize for most people. The device, dubbed the iPhone 12 by analysts, can tap into 5G, or fifth generation wireless technology, that theoretically operates as much as 10 to 20 […]

Business

Investors urge heavy carbon emitters to set science-based reduction targets

Investors managing around $20 trillion in assets on Tuesday called on the heaviest corporate emitters of greenhouse gases to set science-based targets on the way to net zero carbon emissions by mid-century. AXA Group and Nikko Asset Management Co are among 137 investors urging 1,800 companies responsible for a quarter of global emissions to act, […]

Business

Apple and Amazon drive rally on Wall Street

Wall Street ended sharply higher on Monday, fueled by expectations of a coronavirus relief package and by a rally in Amazon, Apple and other technology stocks ahead quarterly earnings season. Apple Inc jumped 6.4%, adding $128 billion to its stock market value, ahead of an event on Tuesday, when it is expected to unveil its […]

Business

BP says it returning to normal operations at Gulf of Mexico facilities

BP Plc BP.L on Monday said it has redeployed offshore personnel to facilities in the deepwater Gulf of Mexico and is in the process of returning to normal operations and bringing production back online. All facilities are re-manned and all mobile offshore drilling units are also back on location, said BP, which had shut these […]

Business

Wisconsin says Foxconn short of 2019 jobs pledge, misses out on tax credits

A Wisconsin factory hailed by President Donald Trump as proof he was reviving U.S. manufacturing did not create enough jobs in 2019 to earn its owner Foxconn Technology Group tax credits, the state said on Monday, the second year it has missed its targets. In a letter to the Taiwan-based company’s Vice Chairman Jay Lee, […]

Business

Apollo CEO Black says he regrets ties to Epstein, denies any wrongdoing

Apollo Global Management Inc Chief Executive Leon Black told the buyout firm’s investors on Monday that he regretted having had ties to the late financier and convicted sex offender Jeffrey Epstein, but denied any wrongdoing or inappropriate conduct related to his business and social relationship with Epstein. Black wrote to the firm’s investors after the […]