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BEIJING: China took over management of debt-laden HNA Group Co.’s liquidity risks after the coronavirus outbreak scared off travelers and cut off the conglomerate’s main source of income, forcing the government to take extraordinary steps to contain the fallout from the epidemic.
LONDON: European shares closed at their highest in more than a year on Thursday as Italian stocks surged on relief that Rome had avoided European Union disciplinary action and rising expectations of looser monetary policy by major central bank. US markets were closed.
Milan: Fiat Chrysler Automobiles NV abruptly withdrew its offer to combine with Renault SA after the French carmaker’s board – on the brink of approving the deal – postponed a decision for a second time.
MILAN: Fiat Chrysler has pitched a finely balanced merger of equals to Renault in a move to cope with the costs of far-reaching technological and regulatory changes by creating the world’s third biggest carmaker.
MILAN/PARIS: Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday in a move to cope with the costs of far-reaching technological and regulatory changes by creating the world's third-biggest carmaker.
MILAN: Fiat Chrysler and Renault are in talks on a comprehensive global tie-up that could address some of the main weaknesses of both carmakers, two sources with knowledge of the discussions told Reuters.
SAN FRANCISCO: Amazon.com Inc is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders.
TOKYO (Bloomberg): Yusaku Maezawa, the founder and largest shareholder of the country’s online fashion shopping site Zozo Inc, said on Twitter that he’s selling more of his notable art collection to raise money.
Milan: Vodafone Group Plc has acknowledged that it found vulnerabilities going back years with equipment supplied by Shenzhen-based Huawei Technologies Co for the carrier’s Italian business.
MILAN: Fiat Chrysler Automobiles NV is a “house of brands” and that ensures it will be one of the few traditional automakers to survive the disruption the car industry is facing from the rise of electric and self-driving cars, according to chief executive officer Mike Manley.