Volkswagen is intensifying talks with Swedish startup Northvolt on plans to jointly build up battery cell production in Salzgitter, near its headquarters in Lower Saxony, one of its board members told a German newspaper. JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/businessNews/~3/3AqdORwuK5s/vw-to-intensify-talks-with-northvolt-on-battery-project-boersen-zeitung-idUSKCN1SV08E
The contest to replace Theresa May as British prime minister hotted up on Saturday with five candidates now vying for a job whose central task will be to find a way to take a divided Britain out of the European Union. JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/6MvUjq8SnlM/update-2-contest-to-replace-may-as-british-prime-minister-hots-up-idUSL5N23104P
The latest closures by his struggling Arcadia empire will include mostly Evans and Miss Selfridge shops.
Indonesia on Saturday lifted temporary restrictions on some social media functions aimed at stopping online hoaxes during recent violence linked to the announcement of official election results, a communications ministry official said. JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/sIIwv2GzdWY/indonesia-lifts-social-media-curbs-targeting-hoaxes-during-recent-unrest-idUSS9N1VR01I
The Canadian Transportation Agency issued WestJet a “formal warning” after it violated Air Transportation Regulations by incorrectly telling passengers in late 2017 that it cancelled certain flights due to airport closures in the wake of Hurricane Irma. JEFFREY LIPTON in BARBADOS – https://www.cbc.ca/news/business/westjet-cancelled-flights-turks-and-caicos-cuba-cta-ruling-1.5149512?cmp=rss
British health minister Matt Hancock said on Saturday he would enter the contest to be the next leader of the Conservative Party, the fifth candidate to say they would run to replace Theresa May as prime minister. JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/uHqI_NRrN6A/update-1-british-health-minister-hancock-joins-race-to-replace-may-as-prime-minister-idUSL5N23104P
British health minister Matt Hancock said on Saturday he would enter the contest to be the next leader of the Conservative Party, the fifth candidate to say they would run to replace Theresa May as prime minister. JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/EiQ-Yqa_JxI/british-health-minister-hancock-will-stand-to-be-next-pm-idUSL5N23103X
A U.S. court on Friday barred Anheuser Busch InBev NV, the maker of Bud Light beer, from using marketing that suggested rival Molson Coors Brewing Co’s MillerCoors used corn syrup, a sweetener, in the final production of its light beers. JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/vFLKgyls5Co/refile-u-s-court-rules-in-favor-of-millercoors-in-a-sour-fight-with-rival-bud-light-idUSL4N231021
The U.S-China trade war is increasingly influencing tech. Huawei has suffered a turbulent past week with key suppliers pausing work with the company, and now China’s largest chipmaker is planning to delist from the New York Stock Exchange. Semiconductor Manufacturing International Corp (SMIC) announced in a filing published Friday that it plans to delist next...
China’s Huawei , hit by crippling U.S. sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/zYMYqr7dNu0/corrected-huawei-shipments-could-fall-by-up-to-a-quarter-this-year-analysts-idUSL4N2300X2