Category Archives: CNN – Business

Doors are slamming shut for Huawei in Europe

Doors are slamming shut for Huawei in Europe

Huawei is coming under pressure in two more key European markets. Telecommunications firm Orange has ruled out using Huawei products in its core 5G network in France, and Germany’s Deutsche Telekom says it’s reviewing purchases of Huawei equipment. The Chinese company, which sells smartphones and telecommunications equipment around the world, faces increased scrutiny in the…MORE

China is temporarily slashing tariffs on US auto imports

China is temporarily slashing tariffs on US auto imports

China said Friday it will temporarily reduce tariffs on imports of American-made cars as it tries to negotiate a trade deal with the United States. Citing the meeting earlier this month between US President Donald Trump and Chinese leader Xi Jinping, the Chinese Finance Ministry said in a statement that it will remove the additional…MORE

Trump says GM ‘is not going to be treated well’ after layoffs

Trump says GM ‘is not going to be treated well’ after layoffs

President Donald Trump said Thursday that General Motors CEO Mary Barra made a “big mistake” by laying off thousands of workers and pledged to retaliate against the company. In a Fox News interview with Harris Faulkner, he said he was upset with GM’s plan to restructure its global business, including halting production at five facilities…MORE

Starbucks is going to sell Nitro at all its US stores

Starbucks is going to sell Nitro at all its US stores

Nitro is coming to a Starbucks near you. Every company-operated US Starbucks location will offer the nitrogen-infused cold brew coffee, which comes out of a tap, by the end of next year to meet customer demand, the company said on Thursday. The expansion is part of Starbucks’ plan to sell more products next year —…MORE

Renault says it needs more information on Ghosn allegations

Renault says it needs more information on Ghosn allegations

Renault has given CEO Carlos Ghosn’s pay arrangements a clean bill of health but has still not come to a conclusion about allegations of financial crime that led to his indictment in Japan. Renault said in a statement that its board of directors has now been briefed on the investigation by alliance partner Nissan that…MORE

New soybean orders from China aren’t showing up in trade data — yet

New soybean orders from China aren’t showing up in trade data — yet

China did not immediately restart buying American soybeans after President Donald Trump and President Xi Jinping agreed to a temporary trade truce. Data released by the US Department of Agriculture on Thursday show that China didn’t buy soybeans from the United States during the week ending on December 6, five days after the two leaders…MORE

The electric cars of the future could be recharged in 15 minutes

The electric cars of the future could be recharged in 15 minutes

The next generation of electric cars could charge their batteries in the time it takes to fill up at a gas station. A group of companies including Germany’s BMW (BMWYY), Porsche and Siemens (SIEGY) say they have developed technology that could help make super-fast charging a reality. They unveiled on Thursday a 450 kW charging…MORE

Procter & Gamble builds a strategy to win African-American consumers

Procter & Gamble builds a strategy to win African-American consumers

Procter & Gamble is turning to a startup to help reach African-American consumers who are frustrated with a lack of shaving and shampoo choices. On Wednesday, the consumer products conglomerate announced that it bought Walker & Co. for an undisclosed sum. Walker & Co. is a health and beauty startup founded in 2013 by entrepreneur…MORE