President-elect Donald Trump’s incoming administration doesn’t “want to add to the bureaucracy and they don’t want to add investments to create something…that already exists,” said Chief Executive Sasan Goodarzi.
Negotiations are set to resume on Dec. 9 as the German car maker faces weak demand for electric vehicles and competition from lower-cost Chinese competitors.
The bulk retailer raised its earnings guidance after announcing it would increase its annual membership fee for the first time in seven years and add more fresh food to its shelves.
Workers at distilleries Maisons Hennessey, Remy Martin, Courvoisier and Martell plan to go on strike next week over fears that the industry could relocate its bottling business to China in a bid to circumvent import tariffs.
Tools for Humanity named X’s former vice president of global affairs Nick Pickles as its head of policy, the latest executive from what was formerly Twitter to join the startup.
The U.K.’s competition regulator plans to review how it inspects big mergers and whether more can be cleared without forcing businesses to sell assets.
The Chinese search-engine giant reported lower revenue for the second straight quarter on falling sales from online-marketing services and an economy struggling to regain momentum.
Boohoo said co-founder Mahmud Kamani would step aside as chairman on the same day that Frasers Group called for his removal from the board, the latest twist in a spat between the online fashion company and its majority shareholder.
The miner said its chief executive and two employees have been released from detention in Mali, ending a standoff that raised concerns about a resurgence in resource nationalism as gold prices hover near record highs.
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