Business

Live Updates: Business Worldwide

23rd May 2017:

 7pm US sues Fiat Chrysler for diesel emissions cheating

4pm  Chinese telecoms giant Huawei [HWT.UL] said on Tuesday it planned a global expansion into computers, posing a fresh challenge to established PC players in a market that has suffered two years of falling sales volumes. Read More Here

11am U.S. President Donald Trump’s proposal to sell half of the United States’ strategic oil reserve surprised energy markets on Tuesday since it counters OPEC’s efforts to control supply in order to boost prices.

Read More: https://mdwlive.net/2017/05/23/us-plan-to-sell-oil-reserves-undermines-opec-supply-management-efforts/

 

947am  North Korea ‘highly likely’ to be behind WannaCry ransomware attacks, says Symantec

Read Here : https://mdwlive.net/2017/05/23/north-korea-highly-likely-to-be-behind-wannacry-ransomware-attacks-says-symantec/

22nd May 2017:

945am : Loss-making Cathay Pacific makes biggest job cuts in 20 years.

Cathay Pacific Airways Ltd (0293.HK) said on Monday it was cutting 600 jobs, its biggest headcount reduction in almost two decades, as it seeks to return to profitability in an industry battered by falling ticket prices.

Read More: https://mdwlive.net/2017/05/22/loss-making-cathaypacific-makes-biggest-job-cuts-in-20-years/

 

8am: Ford to replace CEO Mark Fields with James Hakett: Forbes.

Ford Motor Co (F.N) Chief Executive Mark Fields will leave the carmaker as part of a shake-up that includes other top executive changes, Forbes reported late on Sunday, citing a person familiar with the situation.

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