Category: Business

Unilever’s Dutch shares will trade in Amsterdam for the last time on Friday, before a unification of the group’s dual-headed structure that aims to put the consumer goods maker on a better footing to cope with an uncertain future. The merger over the weekend of Unilever’s Dutch and British corporate arms into one legal entity […]

In October 2003, the first China-made BMW 325i sedan rolled off a new production line owned by the German luxury brand and its joint venture partner, Brilliance, a subsidiary of provincially owned automaker Huachen Group. It was a milestone for the iconic Bavarian marque, whose cars proved massively popular in what became the world’s largest […]

Huawei founder Ren Zhengfei called on employees of its departing Honor subbrand to strive to surpass its parent in a farewell speech as the tech giant sells the budget brand to keep its sanction-hobbled supply chains alive. Huawei Technologies said earlier this month it would sell Honor to a new entity called Shenzhen Zhixin New […]

Profits at China’s industrial firms grew in October for a sixth consecutive month and at their quickest pace since early 2017, pointing to a steady recovery in the manufacturing sector after it was hard hit by the COVID-19 pandemic. Profits at Chinese industrial firms surged 28.2% year-on-year in October to 642.91 billion yuan ($97.79 billion), […]

Britain will impose a new competition regime next year to prevent Google and Facebook using their dominance to push out smaller firms and disadvantage consumers. The code will be enforced by a dedicated unit within the Competition and Markets Authority (CMA), which this year said it needed new laws to keep the tech giants in […]

A police officer overseeing enforcement at the Vancouver airport testified in court on Thursday that he had concerns about a plan by Canadian federal police to arrest Huawei Chief Financial Officer Meng Wanzhou on the plane she arrived on two years ago. Meng’s nearly three-hour interrogation by Canadian border agents prior to her December 2018 […]

Transport Canada said on Thursday it plans to take a harder look at the relationship between regulators and the manufacturers they oversee, an effort to change the way it validates aircraft following the return of Boeing’s 737 MAX to the skies. We “have to look at the interaction that different authorities have with their manufacturers,” […]