GM warns workers in Brazil on losses, tough turnaround plan

Aug 8 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

– The Trump administration on Wednesday took a tactical step in its trade confrontation with China, by releasing a rule that restricts government agencies from doing business with Huawei Technologies Co Ltd.

– China’s central bank on Thursday set the midpoint of the renminbi’s daily trading range above 7 to the American dollar for the first time in more than a decade, a move that threatens to again escalate the trade war with the United States.

– FedEx Corp on Wednesday said it would end domestic ground deliveries for Amazon packages when the contract between the companies expires at the end of August.

Compiled by Bengaluru newsroom

Source link