By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft and industrial parts unit, as the coronavirus pandemic caused widespread...
READ MORE
Trump advisers urge delisting of U.S.-listed Chinese firms that fail to meet audit standards
By Alexandra Alper WASHINGTON (Reuters) – China on Saturday called for frank dialogue and closer cooperation in reaction to news that Trump administration officials had urged the U.S. president to delist Chinese companies that trade...
READ MORE
Huawei to stop making flagship chipsets as U.S. pressure bites, Chinese media say
SHANGHAI/SHENZHEN, China (Reuters) – Huawei Technologies Co [HWT.UL] will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant...
READ MORE
Chinese EV maker Xpeng files for U.S. listing after rival surges
BEIJING (Reuters) – Chinese electric vehicle (EV) maker Xpeng Inc, backed by Alibaba <BABA.N> and Xiaomi Corp <1810.HK>, has filed to list its shares in New York, seeking to ride enthusiasm for EVs even as U.S.-China...
READ MORE
U.S. judge denies bail to two men accused of aiding Ghosn escape
By David Shepardson and Nate Raymond (Reuters) – A U.S. district judge on Friday denied bail to two Massachusetts men accused of helping orchestrate former Nissan Motor Co Chairman Carlos Ghosn’s escape from Japan. Judge...
READ MORE
TikTok prepares advertisers for possible app ban
By Sheila Dang (Reuters) – TikTok is preparing advertisers for a possible ban of its app in the United States, ad buyers said, offering refunds for ad campaigns that are unable to run. The short-form video app’s advertising...
READ MORE