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China’s FedEx probe should not be seen as retaliation: Xinhua

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FILE PHOTO: A Federal Express delivery truck is shown in downtown Los Angeles, California, U.S., October 24, 2018. REUTERS/Mike Blake SHANGHAI (Reuters) – China’s investigation into FedEx Corp over misdirected mail should not be regarded as retaliation against the U.S. company, state news agency Xinhua said on Sunday, amid worsening relations between China and the Read More

Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal

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MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week. FILE PHOTO: Read More

CFM erases jet engine output delay, cautious on rate increases

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FILE PHOTO: Gael Meheust, President and CEO of CFM poses in front of LEAP-1A engine of an Airbus A321neo, during the 52nd Paris Air Show at Le Bourget airport near Paris, France June 21, 2017. REUTERS/Pascal Rossignol PARIS (Reuters) – CFM International has caught up with delays in deliveries of its LEAP jet engine after Read More

Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal

3 days ago DieselGasoil Comments Off on Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal
MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week. FILE PHOTO: Read More

China launches inquiry into FedEx parcel delivery errors: Xinhua

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People visit a FedEx Express booth during the China International Import Expo (CIIE) at the National Exhibition and Convention Center in Shanghai, China November 7, 2018. Picture taken November 7, 2018. REUTERS/Stringer BEIJING (Reuters) – Chinese authorities have launched an investigation into FedEx Corp over parcels delivered to the wrong addresses, China’s official Xinhua news Read More

We will take ‘reciprocal steps’: Turkish FM warns US against any penalties for buying S-400

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Turkey is holding firm in its commitment to honor its purchase of Russian air defense systems, warning the US that it is prepared to take “reciprocal steps” in reply to any sanctions imposed by Washington. Foreign Minister Mevlut Cavusoglu dismissed as “futile” the US’s continuous efforts to dissuade Turkey from receiving S-400 batteries from Russia, Read More

Airbus signs amended A400M deal with buyer countries

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FILE PHOTO: An Airbus A400M aircraft flies during a display on the first day of the 52nd Paris Air Show at Le Bourget airport near Paris, France, June 19, 2017. REUTERS/Pascal Rossignol PARIS (Reuters) – Airbus said on Friday it had signed an agreement with European buyer countries for a revised contract for its delayed Read More

Trump’s shot at Russian pipeline shows fight for market share

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By Vanessa Dezem, Mathew Carr and Anna Shiryaevskaya on 6/13/2019 FRANKFURT and LONDON (Bloomberg) — President Donald Trump’s threat to sanction Russia’s controversial new natural gas pipeline into Europe is an indication that competition to supply the fuel is heating up. Blocking the Nord Stream 2 link under the Baltic Sea would be a blow Read More

Motorbike taxi firms rev up for race into West Africa

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LAGOS (Reuters) – Motorcycle taxi companies are expanding in West Africa with backing from investors betting that the meteoric rise of two-wheeled taxi firms in Asia can be replicated in some of the fastest growing countries in the world. Four bike taxi firms are now battling it out on the streets of Nigeria’s commercial capital Read More

Wall Street split on Tesla 2019 delivery promises

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FILE PHOTO: Newly manufactured Tesla vehicles are shown parked in a large lot next to the airport in Burbank, California, U.S. August 24, 2018. REUTERS/Mike Blake (Reuters) – Tesla Inc shares rose almost 3% in early trade on Wednesday, with analysts still divided on the electric-car maker’s chances of meeting delivery and production targets in Read More