IMF fears trade war and weak Europe could trigger sharp global slowdown
DAVOS, Switzerland (Reuters) - The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy.
Global stock markets falter after China data confirms economic slowdown
LONDON (Reuters) - European shares fell on Monday from six-week highs as a slowdown in China's economy stalled a global equity rally, but sterling rallied to the day's highs after Prime Minister Theresa May promised to be more "flexible" with lawmakers over Brexit.
Tesla's Model 3 gets green light in Europe
AMSTERDAM (Reuters) - Tesla's Model 3 has been given the green light to hit the road in Europe, clearing the final hurdle for the European introduction of the battery-powered sedan expected next month.
China's Huawei in unprecedented media blitz as it battles heightened scrutiny
HONG KONG (Reuters) - China's Huawei has launched an unprecedented public relations blitz, thrusting its low-key founder in front of international media as the telecoms firm seeks to ease concern among Western nations bent on shutting it out of their markets.
Asset managers brace for more job cuts amid market turbulence
LONDON/NEW YORK (Reuters) - Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management industry.
Trade worries sour CEOs' mood as leaders converge on Davos
DAVOS, Switzerland (Reuters) - Chief executives across the world have grown a lot more pessimistic about the global economic outlook due to trade disputes and tense relations between major powers, a survey showed on the eve of the World Economic Forum in Davos.
Ex-Swiss banker convicted for selling secret tax data to Germany
ZURICH (Reuters) - A former UBS
banker accused of selling information about wealthy German tax evaders to German authorities was convicted of economic espionage by a Swiss court on Monday.
Exclusive: Private equity firms circling Nestle's skin health business - sources
FRANKFURT/LONDON (Reuters) - Private equity firms Cinven and Advent have teamed up to bid in an auction that could value Nestle's
skin health business at about 7 billion Swiss francs ($7 billion), three sources familiar with the matter said.
Lockheed sees potential exports of 200 F-16 jets from proposed Indian plant
NEW DELHI (Reuters) - Lockheed Martin
sees a potential export market of more than $20 billion for its F-16 fighter aircraft from an assembly line in India it has offered to set up in order to win a large Indian military order, a top executive said.
Nissan's Ghosn offers to wear electronic ankle tag to get bail
TOKYO (Reuters) - Ousted Nissan Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention in Japan for alleged financial crimes.