Business News

• Tesla rolls out Model 3 in China ahead of schedule in sales push February 22, 2019
  Tesla Inc has started delivering Model 3 cars in China slightly ahead of schedule, as it looks to revive its sales that have been hit hard by Sino-U.S. trade tensions.
• Puma goes up-market to join forces with Porsche Design February 22, 2019
  (This February 21 story refiles to give full name of Porsche Design in headline.)
• A Fed pivot, born of volatility, missteps, and new economic reality February 22, 2019
  The Federal Reserve's promise in January to be "patient" about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth.
• Alibaba CEO rules out layoffs this year February 22, 2019
  Alibaba Group Holding Ltd expects to avoid layoffs this year despite China's economic slowdown, CEO Daniel Zhang said on Friday.
• Apple teams with Ant Financial, banks for interest-free iPhone financing in China February 22, 2019
  Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks to boost waning smartphone sales.
• Asia shares fall as weakening global outlook offsets trade progress February 22, 2019
  Shares in Asia slipped on Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States.
• EU debates how and when to start trade talks with Trump February 22, 2019
  European ministers will begin debating on Friday how and when to start trade negotiations with the United States, aware that U.S. President Donald Trump may impose punitive tariffs on EU car imports if the bloc waits too long.
• Consumer Reports yanks recommendation for Tesla's Model 3, citing reliability February 22, 2019
  Consumer Reports on Thursday pulled a recommendation for Tesla Inc's Model 3, citing reliability problems, and the influential U.S. magazine turned up the pressure on other automakers to include crash-avoiding automatic braking as standard equipment.
• Nike stumbles into social media storm after basketball star's shoe splits February 22, 2019
  A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the problem.
• Oil prices fall as U.S. crude output hits record 12 million bpd February 22, 2019
  Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets.