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Ford slashing 7,000 jobs as disruption sweeps car industry

Ford Motor Co. plans to eliminate about 7,000 salaried jobs — about 10% of its global white-collar workforce — as pressures mount on automakers to keep pace with massive technological shifts amid signs global car demand has peaked. Eliminating the positions will save Ford about $600 million a year, Chief Executive Officer Jim Hackett wrote ...

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Blacklisting Huawei takes the US-China trade war to a dangerous new level

Resolving the trade war between the United States and China just got harder. Much harder. Negotiations between Washington and Beijing were already on rocky ground following new rounds of tit-for-tat tariffs. Then, on Wednesday, the United States dramatically escalated its fight against Huawei, the world’s largest telecoms equipment maker and one of China’s national champions. ...

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