 | | | | France's Alstom has agreed to buy the rail division of Canada's Bombardier for up to 6.2 billion euros ($6.7 billion) to create the world's No. 2 train manufacturer and better take on Chinese leader CRRC Corp. | | | | | | Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday, in a potential nudge to Germany and the Netherlands to spend more as fears of a downturn grow in the wake of the coronavirus epidemic. | | | | | | Oil prices inched up on Monday as concerns over the economic fallout from the coronavirus outbreak in China were offset by expectations that potential production cuts from major producers could tighten global crude supply. | | | | | | The French government will make sure the acquisition of Bombardier's train business by Alstom creates value for the European rail industry and the staff of both companies, Finance Minister Bruno Le Maire said on Monday. | | | | | | EU industry commissioner Thierry Breton said on Monday it was for Facebook to adapt to Europe's standards, not the other way round, as he criticized the U.S. social media giant's proposed internet rules as insufficient. | | | | | | The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided he will work with a new board to speed up efforts to cut carbon emissions, four senior political sources told Reuters. | | | | | | New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc and Sprint Corp , saying the state would not appeal a judge's approval of the deal. | | | | | | By Christoph Steitz, Tom Käckenhoff, Arno Schuetze and Edward Taylor | | | | | | The European Union will decide by the end of the year whether to impose rules reining in the market power of U.S. tech giants, the bloc's industry chief said on Monday as he criticised Facebook's proposals as insufficient to address EU concerns. | | | | | | General Motors Co said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its global business, costing the U.S. auto maker $1.1 billion. | | | | | |
