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Saudi Aramco Shares Shed Post-IPO Gains as Oil Dives

Saudi Aramco shares have lost most of the gains they made since listing in December in a landmark first offering, as oil prices drop amid alarm over the new coronavirus.

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Spain Approves Digital Tax that Has Angered U.S.

Spain's government approved Tuesday a digital services tax, following a similar move by France that prompted threats of retaliation from Washington which argues it unfairly targets US tech giants.

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Foreign Firms Struggle to Resume Operations in Virus-Hit China

Foreign firms are struggling to resume work in virus-hit China as they face disrupted supply chains, rising inventory and quarantine rules meant to contain the deadly epidemic, the EU chamber of commerce said Tuesday.

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China to Waive Tariffs on US Medical Imports amid Virus Outbreak

China will waive trade-war tariffs on imports of selected US medical equipment from March 2, the government said Tuesday, as the country battles to contain the new coronavirus epidemic.

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Nissan Shareholders Furious at Ghosn Scandal, Dismal Results

Nissan shareholders vented their outrage at the Japanese automaker's top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn.

They got up, one by one, at an extraordinary shareholders' meeting, demanding that Nissan Motor Co. quickly fix diving car sales, work harder to repair its battered brand and have executives give up their pay.

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UK Warns Won't Accept EU-Ruled 'Level Playing Field'

Britain's trade negotiator warned Monday that his government would not accept EU supervision of its economy in exchange for close trade ties. 

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Syria Govt. Targets Property, Cars to Curb Cash Buys

The government in war-devastated Syria decided Sunday that all property and car sales must be conducted through banks, in an apparent bid to revive the banking sector and fight tax evasion.

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IMF Says Coronavirus Could Damage Global Growth in 2020

The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid economic rebound could follow.

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France Warns of Bloody Brexit Talks Battle

France on Sunday warned Britain to expect a bitter, bloody battle in Brexit trade talks with the EU, saying the two sides would "rip each other apart".

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Airbus 'Deeply Regrets' US Tariff Increase

European aerospace giant Airbus said on Saturday it "deeply regrets" Washington's move to increase tariffs on its planes imported into the United States from Europe.

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