Business

Google investing $550 million in Chinese ecommerce company

Google investing $550 million in Chinese ecommerce company

This could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in USA and European markets. Google has invested $550m (£415m) in Chinese Amazon rival JD.com as the USA search giant attempts to extend its presence in Asian markets.


How the US-China trade war could play out

How the US-China trade war could play out

Some semiconductor manufacturers with US headquarters make some chips within China that would be subject to import tariffs as well, including Intel , Micron, and Texas Instruments . The good news for mobile tech fans? "The United States can no longer tolerate losing our technology and intellectual property through unfair economic practices", Trump said.


Merkel, allies avert collision for now in German migrant row

Merkel, allies avert collision for now in German migrant row

But the chancellor's pledge has been met with skepticism by some CSU politicians, who question the possibility of reaching an EU-wide agreement after several years of failed attempts. Merkel is seeking an agreement at the European Union summit at the end of June which would make a ban on pre-registered migrants unnecessary. If Merkel is given a two-week ultimatum, she would still face the challenge of persuading European Union governments to sign up to a common plan on the migrants.


Audi CEO Rupert Stadler arrested in diesel investigation, report says

Audi CEO Rupert Stadler arrested in diesel investigation, report says

Audi had no immediate comment regarding the arrest, and Stadler himself as well as Munich prosecutors were not immediately available for comment. Luxury carmaker BMW and Mercedes-owned Daimler have both had their offices raided by investigators searching for evidence of possible cheating.


VW names Bram Schot as interim Audi CEO

VW names Bram Schot as interim Audi CEO

The 55-year-old German is being held due to the risk that he could prevent evidence from being found, the prosecutor's office has said . Earlier this month, Munich prosecutors widened their probe at Audi to include Stadler and another member of Audi's top management, investigating them for suspected fraud and false advertising.


Audi CEO arrested in Dieselgate probe

Audi CEO arrested in Dieselgate probe

Cars sold in Europe by Volkswagen group were believed to be equipped with a software that automatically turned off emissions controls during driving, flouting several pollution control laws. The prosecutors' office recently widened its emissions cheating probe to include Stadler among the suspects accused of fraud and false advertising.