Business

China set to clear Tencent’s $3.5 billion Sogou deal subject to data security conditions

China’s antitrust regulator is ready to clear tech giant Tencent Holdings Ltd’s plan to take the country’s no.3 search engine Sogou private, three people with knowledge of the matter told Reuters, a move that signals the watchdog is willing to wave some deals through even as it ratchets up sector scrutiny. The regulator, State Administration […]

Business

U.S. adds Chinese supercomputing entities to economic blacklist

The U.S. Commerce Department said Thursday it was adding seven Chinese supercomputing entities to a U.S. economic blacklist for assisting Chinese military efforts. The Commerce Department said the seven were “involved with building supercomputers used by China’s military actors, its destabilizing military modernization efforts, and/or weapons of mass destruction programs.” The department is adding Tianjin […]

Business

Fight over Amazon U.S. union could continue after the vote

Officials with the National Labor Relations Board (NLRB) will continue counting ballots on Friday in the closely watched union election at an Amazon.com Inc (AMZN.O) warehouse in Bessemer, Alabama, after supporters of management took an early lead. The warehouse employees in Alabama were on track to reject unionization by a 2-1 margin with almost half […]

Business

Turkish Airlines to fly 737 MAX jets after authority approval

Turkish Airlines (THYAO.IS) is to reinstate two of its Boeing 737 MAX aircraft next week after Turkey’s civil aviation authority gave its approval, a source familiar with the matter said on Friday. The Boeing 737 MAX was grounded globally in March 2019 after two deadly crashes. The source said Turkish Airline’s first flight is planned […]

Business

Airbus deliveries surge in March, sending shares higher

A rebound in air travel in China and the United States helped to drive a surge in March deliveries for Airbus (AIR.PA), sending the planemaker’s shares higher. Airbus reported slightly higher deliveries for the first quarter and posted 39 gross orders, including a new deal for 20 A220s to an unidentified buyer. But the company’s […]

Business

BJ’s Wholesale Club CEO Lee Delaney dies unexpectedly

BJ’s Wholesale Club Holdings Inc (BJ.N) said on Friday Chief Executive Officer Lee Delaney, 49, had died unexpectedly due to presumed natural causes. Bob Eddy, who has been the company’s finance chief since 2011, will take over as CEO on an interim basis, the wholesale retailer said. Delaney, a former Bain Capital partner, took over […]