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Aston Martin launches first SUV, hopeful of a turnaround

The sports car maker, which has seen its share price plunge this year as sales failed to meet expectations after a stock market flotation, launched its first sport utility vehicle on Wednesday.

U.S. Fed approves merger between BB&T, SunTrust Banks

Analysts have said such a tie-up has been made possible by regulatory easing under the administration of President Donald Trump, which has encouraged banking regulators to take a more relaxed approach to approving mergers, bank applications and enforcement of post-crisis rules.

Russia's national capital region seeks Indian investment

A six-member delegation, headed by Khromov, met with representatives of the Delhi government and business leaders in both Delhi and Mumbai during four-day visit to India.

Advent to buy majority stake in Bharat Serums

US-based private equity fund Advent International has signed a definitive agreement to acquire a majority stake in Bharat Serums and Vaccines, valuing the company at $500 million

NYT print to be profitable for well over a decade: CEO

Mark Thompson said the print business would be profitable for at least the next decade at The New York Times, and that they are also working on building new revenue streams involving global social media platforms.

Tesla plans to invest $4.4 B in Berlin factory: Report

The first production line at Tesla’s Berlin factory, unveiled by founder and Chief Executive Officer Elon Musk earlier this week, will manufacture the company’s SUV Model Y, which could be produced as early as 2021, according to the newspaper. The electric car maker could receive about €300 million in subsidies subject to approval by the EU, Bild reported.

T-Mobile CEO Legere to step down next year

The third-largest U.S. wireless carrier will go to trial on Dec. 9 to fight a state attorneys general lawsuit that alleges the merger would be harmful to consumers. T-Mobile said Legere will remain CEO until April 30, and will be succeeded by Chief Operating Officer Mike Sievert. Legere will continue to be a member of T-Mobile's board.

US extends license for businesses to work with Huawei by 90 days

The extension, renewing one issued in August will allow carriers to continue to service customers in some of the most remote areas of the US.

SoftBank to create $30 bln tech giant with Yahoo Japan, Line Corp merger

The deal, which would combine the providers of two of Japan's top QR code payment services, offers SoftBank access to 164 million Line users and their data in Japan and Southeast Asia as it expands into services outside its core wireless business. It also offers Line a deep-pocket patron who can offer its tech expertise, including potentially via the giant Vision Fund.

Nestlé says it can be virtuous and profitable. Is that even possible?

The demands on Nestlé and other corporations are growing as consumers pay more attention to the environmental effect of what they eat. Agri accounts for more than a fifth of greenhouse gas emissions, and plastic production and incineration account for an additional 10% or so. There is no way to avoid climate change without action by the food industry.

How FedEx cut its tax bill to $0

How FedEx cut its tax bill to $0

The public face of its lobbying effort, which included a tax proposal of its own, was FedEx’s founder and chief executive, Frederick Smith, who repeatedly took to the airwaves to champion the power of tax cuts. “If you make the United States a better place to invest, there is no question in my mind that we would see a renaissance of capital investment,”.

Alibaba confirms huge Hong Kong public listing

Alibaba confirms huge Hong Kong public listing

Chinese technology giant Alibaba confirmed Friday its plans to list on the Hong Kong stock exchange, in an initial public listing aiming to raise up to $13.8 billion.

Daimler set to slash jobs to save 1 billion euros

Daimler set to slash jobs to save 1 billion euros

“By the end of 2022, Mercedes-Benz Cars plans to save more than 1 billion euros in personnel costs. To this end, jobs are to be reduced,” the company said in a statement. Daimler, which employs around 304,000 people worldwide, did not specify how many jobs would be slashed overall but said 10% of management positions would be affected.

Carl Icahn takes stake in HP, pushes for merger with Xerox: Report

Carl Icahn takes stake in HP, pushes for merger with Xerox: Report

Icahn, who owns a 10.6% stake in Xerox, now owns a 4.24% stake in HP, the Journal said. An HP spokesperson told Reuters the company is aware of Icahn’s investment and is committed to doing what is in the best interests of all HP shareholders. HP did not disclose how much stake Icahn owns in the PC maker.

Tariffs' removal a 'condition' for US trade deal, says China

Tariffs' removal a 'condition' for US trade deal, says China

The Commerce Ministry’s remarks showed a sizeable distance still separates the Washington and Beijing dispute Trump's announcement last month that they had reached a “phase one” deal. Beijing and Washington have been embroiled in an 18-month trade war which has weighed on the global economy, and two sides have slapped punitive tariffs on hundreds of billions of dollars in two-way trade.

UK firms upbeat about doing business in India: Report

UK firms upbeat about doing business in India: Report

With Brexit on the agenda of UK companies, 26 per cent said that they planned to do more business with India as a direct result of the UK leaving the EU. This will be a further boost to the flow of goods, services and investment between the two countries, the UK India Business Council (UKIBC) said.

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