Thursday 22 November 2018

China says U.S. accusations of unfair trade practices 'groundless'

Reuters.com Newsletter

China says U.S. accusations of unfair trade practices 'groundless'

China rejected fresh U.S. accusations of perpetuating "unfair" trade practices and urged Washington on Thursday to stop making provocations, showing little sign of backing down days ahead a high-stakes meeting between leaders from both countries.

Airbnb faces Israeli class-action lawsuit for delisting settlements

Lawyers launched a class action lawsuit in Israel on Thursday against Airbnb, accusing the company of "outrageous discrimination" and demanding monetary damages after it withdrew listings of Israeli settlements in the occupied West Bank.

Oil falls on rising U.S. inventories, OPEC talk of cut limits loss

Oil prices dipped on Thursday after U.S. inventories swelled to their highest level since December adding to concerns about a global crude glut but OPEC talk of an output cut limited losses.

German car bosses willing to attend White House meeting - sources

The heads of Volkswagen , BMW and Daimler are ready to attend a meeting at the White House with the Trump administration, but have not yet received a formal invitation, industry sources said on Thursday.

Chinese online shopping sites ditch Dolce & Gabbana in ad backlash

Chinese e-commerce sites have removed Dolce & Gabbana products amid a spiralling backlash against an advertising campaign that was decried as racist by celebrities and on social media.

Nissan ends Ghosn's two-decade reign with last-minute Renault backing

Nissan's board voted unanimously to oust Chairman Carlos Ghosn over allegations of financial misconduct, after French partner Renault backed away from a last-minute demand to postpone the decision on their alliance leader's fate.

France, Japan reaffirm support for Renault-Nissan alliance

French economy minister Bruno Le Maire and his Japanese counterpart Hiroshige Seko reaffirmed on Thursday their support for the Renault-Nissan alliance after Carlos Ghosn was ousted as the Japanese company's chairman

Exclusive: Visa, Mastercard offer tourist card fee cut in EU antitrust probe - sources

Visa and Mastercard have offered to trim the fees merchants pay on card payments by tourists in the European Union in an attempt to stave off possible fines after a long-running antitrust investigation, people familiar with the matter said.

Explainer: The Ghosn affair and Renault-Nissan's uneasy relationship

Nissan's board ousted Chairman Carlos Ghosn on Thursday following the auto industry star's arrest in Japan over financial misconduct allegations, ushering in a period of uncertainty for its 19-year alliance with Renault.

Ghosn's exit not the time to alter Renault-Nissan alliance: French official

France has told Japan that now is not the time to contemplate changes in the power balance inside the Renault-Nissan alliance, an official in President Emmanuel Macron's office said on Thursday.

Failed tech reboot hits stocks, pound cheers Brexit progress

Europe's share markets fell back into the red on Thursday, as investor worries about slowing global growth in the face of rising U.S. interest rates and trade tensions outweighed crucial Brexit progress.

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