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Biden says he will not immediately remove Phase 1 trade deal with China

Joe Biden will not immediately cancel the trade agreement that President Donald Trump struck with China nor take steps to remove tariffs on Chinese exports, the New York Times on

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Daimler, Foton say will start making Mercedes Benz trucks in China

Germany’s Daimler AG and its China commercial vehicle partner Beiqi Foton Motor Co Ltd will invest 3.8 billion yuan ($579.21 million) to make Mercedes Benz-branded heavy duty trucks in Beijing,

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Fashion retailer Tailored Brands emerges from bankruptcy protection

Tailored Brands said on Tuesday it has emerged from bankruptcy protection following a financial restructuring process that helped the U.S. men’s fashion retailer eliminate $686 million of debt from its

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Samsung Electronics keeps chairmanship vacant in modest reshuffle

Electronics giant Samsung Electronics announced a small reshuffle of senior executives on Wednesday without replacing its recently deceased chairman or changing top leadership positions including that of vice chairman Jay

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Japan Nike ad on bullying, racism sparks hot online response

A video ad from Nike Japan against bullying and racism that features biracial athletes and other minorities, such as those of Korean descent, has prompted a sharp online response including

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U.S. oil producer ConocoPhillips to shed up to 500 workers

ConocoPhillips, the largest U.S. independent oil producer, said on Tuesday that it would lay off up to 500 Houston employees, about a fifth of its headquarters workforce, to match staffing

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Walmart axes $35 delivery minimum on website purchases for membership program

Walmart Inc said on Wednesday it would lift the $35 minimum order value that subscribers of its loyalty service had to meet for next-day or two-day shipping, as the retailer

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