Category: Business

U.S. regulators are open to making changes to close what some see as a loophole in a new rule aimed at curbing global chip sales to blacklisted Chinese telecoms equipment maker Huawei Technologies Ltd, two U.S. officials said on Wednesday. The new rule, unveiled by the Commerce Department on Friday, expands U.S. authority to require […]

Volkswagen (VOWG_p.DE) withdrew on Wednesday an advert posted on its official Instagram page for its Golf cars that it admitted was racist and insulting, saying it would investigate how it came about and draw consequences. The German car company, which has seen its reputation tarnished in the last five years after it admitted cheating diesel […]

Nissan Motor Co said on Thursday it still reserves the right to take further legal measures in the case of its ousted former Chairman Carlos Ghosn, after the United States arrested two men on charges they enabled his escape from Japan. “Nissan notes the extradition proceedings in the US. As previously announced, Nissan finds the […]

Japan is closely communicating with relevant U.S. authorities following the U.S. arrest of two men on charges they enabled former Nissan Motor Co chairman Carlos Ghosn to escape from Japan last year, a Japanese government source said on Thursday. Former U.S. Green Beret Michael Taylor, 59, and his son, Peter Taylor, 27, are accused by […]

Mastercard Inc (MA.N) will not ask employees to return to its worldwide corporate offices until they are comfortable that the sometimes fatal coronavirus is under control with vaccines or other measures, a senior executive said. The world’s second-largest payment processor is also looking at its real-estate footprint and considering consolidating offices, Chief People Officer Michael […]

Retailer Canada Goose Holdings Inc said on Wednesday it has laid off 125 workers, about 2.5% of its global workforce, as part of steps to cope with the impact of COVID-19 on its business. The luxury parkas maker said it will continue to support the laid-off employees with compensation packages and extended benefits and allow […]

JPMorgan Chase & Co (JPM.N) plans to hire at least 12 equity research analysts in China this year, two people with knowledge of the matter said, in its first major mainland hiring push as it takes advantage of eased ownership rules for financial firms. With the headcount expansion for its new brokerage business, the bank’s […]