U.S. Cyber Monday sales to hit record $9.2 billion

U.S. Cyber Monday sales to hit record $9.2 billion
(Reuters) – Cyber Monday sales were on course to bring in a record $9.2 billion, according to evening estimates, building on a bumper Black Friday weekend for U.S. retailers driven by earlier-than-usual promotions and free shipping. Shoppers have already had nearly a month of offers and deals as retailers look to draw out their vital holiday season, which is six... Read More

Hong Kong leader warns U.S. law will hurt business confidence, promises economic relief

Hong Kong leader warns U.S. law will hurt business confidence, promises economic relief
HONG KONG (Reuters) – Hong Kong leader Carrie Lam said on Tuesday U.S. legislation supporting protesters may damage business confidence in the financial hub, as she announced a fourth round of relief measures to boost the city’s battered economy. FILE PHOTO: Hong Kong Chief Executive Carrie Lam is seen before signing a memorandum of understanding on strengthening of economics relations... Read More

Stocks drop as Trump’s Brazil, Argentina tariffs revive trade angst

Stocks drop as Trump’s Brazil, Argentina tariffs revive trade angst
SHANGHAI (Reuters) – Asian shares tumbled on Tuesday after U.S. President Donald Trump stunned markets with tariffs against imports from Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China September 7,... Read More

Elon Musk’s jury to be queried on opinions of billionaires, visitors to Thailand

Elon Musk’s jury to be queried on opinions of billionaires, visitors to Thailand
LOS ANGELES (Reuters) – Potential jurors in the defamation trial of high-tech entrepreneur Elon Musk may be excused from the case if they voice strong feelings about billionaires or people who visit Thailand. FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the automobile awards “Das Goldene Lenkrad” (The golden steering wheel) given by... Read More

Huawei plans to shift research center to Canada from U.S.: Globe and Mail

Huawei plans to shift research center to Canada from U.S.: Globe and Mail
FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song (Reuters) – Huawei Technologies Co Ltd plans to shift its research center to Canada from the United States, Ren Zhengfei, the founder of the Chinese telecoms equipment maker, said in an interview with Canada’s Globe and Mail.... Read More

U.S. may increase tariffs after WTO rejects EU claims over Airbus

U.S. may increase tariffs after WTO rejects EU claims over Airbus
PARIS/BRUSSELS (Reuters) – The World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus (AIR.PA), prompting the United States to say it could increase retaliatory tariffs on a wider range of European goods. Christian Scherer, Airbus Chief Commercial Officer, speaks during a news conference for the delivery of the first Fiji Airways... Read More

Stocks drop as Trump’s Latin American tariffs revive trade angst

Stocks drop as Trump’s Latin American tariffs revive trade angst
SHANGHAI (Reuters) – Asian shares skidded on Tuesday after U.S. President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China September 7, 2018. REUTERS/Aly... Read More

U.S. proposes 100% tariffs on French Champagne, cheese, handbags over digital tax

U.S. proposes 100% tariffs on French Champagne, cheese, handbags over digital tax
FILE PHOTO: An employee serves a glass of Champagne during the traditional wine harvest at the Champagne house Deutz in Ay, France, September 22, 2016. REUTERS/Benoit Tessier/File Photo WASHINGTON (Reuters) – The U.S. government on Monday said it may slap punitive duties of up to 100% on $2.4 billion in imports of French Champagne, handbags, cheese and other products, after... Read More