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U.S. to maintain tariffs on Chinese goods until Phase 2 deal: Mnuchin
By Makini Brice and Andrea Shalal WASHINGTON (Reuters) – The United States will maintain tariffs on Chinese goods until the completion of a second phase of a U.S.-China trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Tuesday, a day before the two sides are to sign an interim deal. Mnuchin told reporters that President […]
Brash Uber co-founder Kalanick leaves board to focus on industrial kitchens
By Tina Bellon (Reuters) – Travis Kalanick, the pugnacious co-founder of Uber, has severed his last ties with the ride-services company, resigning from the board and selling all his shares as he turns his focus to a new venture creating “ghost kitchens” for food delivery services. Kalanick, who helped found Uber in 2009 and once […]
Saudi Aramco's profit plunges, sees signs of oil market recovery
DUBAI (Reuters) – State oil giant Saudi Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world’s biggest oil exporter. But the company stuck with plans to pay $75 billion in dividends this year and CEO […]