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Group of 20 finance leaders said on Sunday that trade and geopolitical tensions have “intensified” but failed to express a pressing need to resolve them, in a final draft communique that said global growth is likely to pick up. Press Release Distribution Service

Global trade tensions threaten an expected pick-up in economic growth this year and in 2020, a draft communique by the world’s financial leaders showed on Saturday, but the policymakers were divided on whether the need to resolve them was “pressing”. Press Release Distribution Service

Finance leaders of the Group of 20 major economies will steer clear of promises to avoid protectionism in a communique on Sunday amid escalating U.S.-China trade tensions, officials say, casting doubt on their ability to take a united front in averting a global recession. Press Release Distribution Service

Bank of Japan Governor Haruhiko Kuroda on Saturday maintained his view the global economy will recover in the latter half of this year, but warned that uncertainties remain as fallout from the Sino-U.S. trade war deepens. Press Release Distribution Service

French pharma giant Sanofi has appointed Paul Hudson as chief executive to replace Olivier Brandicourt, who will retire in September, the company said on Friday. Press Release Distribution Service

Italy’s Industry Minister Luigi Di Maio blamed the French state for derailing merger talks between Fiat Chrysler and rival Renault saying Paris had come out poorly in the situation. Press Release Distribution Service

Rolls-Royce’s pension scheme has agreed to transfer 4.6 billion pounds ($5.83 billion) of assets to insurer Legal & General in Britain’s largest ever transfer of corporate pension risk. Press Release Distribution Service

British insurer Aviva will change the structure of its UK business and cut costs across the firm, with the loss of 1,800 jobs, it said on Thursday. Press Release Distribution Service

Asian shares advanced on Wednesday after comments from Federal Reserve officials suggested a U.S. rate cut this year was on the cards, boosting investor sentiment and pushing the dollar lower. Press Release Distribution Service

Chinese importers are preparing applications for waivers on import tariffs levied on more than 700 U.S. goods in the Sino-U.S trade war, after the Ministry of Finance said it would start taking submissions. Press Release Distribution Service

Japan’s SoftBank Group Corp said on Tuesday it expects to book around 1.2 trillion yen ($11.12 billion) in pre-tax profit on the sale of shares in China’s Alibaba Group Holding Ltd. Press Release Distribution Service

Asian shares fell on Tuesday as weak economic indicators and an intensifying Sino-U.S. trade war inflamed concerns about global growth, supporting safe-haven assets such as bonds. Press Release Distribution Service

The three major U.S. stock indexes declined on Monday and Nasdaq confirmed it was in a correction, dragged down by Alphabet, Facebook and Amazon.com on fears the companies are the targets of U.S. government antitrust regulators. Press Release Distribution Service

Major automakers on Monday reported better-than-expected U.S. new vehicle sales for May, posting the first monthly increase for 2019 as a strong economy and upbeat consumer sentiment boosted demand. Press Release Distribution Service

U.S. stock futures and commodity prices slipped while bonds rallied on Monday on worries an intensifying Sino-U.S. trade tussle and Washington’s new tariff threats against Mexico could tip the global economy into a recession. Press Release Distribution Service

Malaysia Airlines is looking at its order for 25 Boeing Co 737 MAX jets “very carefully” in light of the global grounding and plans for the first delivery in July 2020 could be delayed, the carrier’s chief executive said on Monday. Press Release Distribution Service

A year after Qatar Airways boss’ remark that a woman could not do his job drew scathing criticism, airline executives called out the industry for paying only “lip service” to diversity and not pushing to get more women out of cabins and into boardrooms. Press Release Distribution Service

Airbus has written to airline leaders to appeal for their backing in a trade dispute with rival Boeing, warning of higher aircraft prices and passenger fares if the United States and European Union descend into a tariff war. Press Release Distribution Service

The U.S. Justice Department is preparing an investigation of Alphabet Inc’s Google to determine whether the tech giant broke antitrust law in operating its sprawling online businesses, two sources familiar with the matter said. Press Release Distribution Service

A U.S. judge on Friday denied Facebook Inc.’s request to dismiss a lawsuit by the Washington, D.C. attorney general over the social media giant’s improper sharing of 87 million users’ data with British political consulting firm Cambridge Analytica. Press Release Distribution Service

China’s President Xi Jinping and U.S. President Donald Trump are likely to find it “difficult” to make major progress toward ending their countries’ trade war when they meet at a G20 summit in Japan in June, a former top Chinese official said on Friday. Press Release Distribution Service

Shanghai wine importer Alex Chen has spent the last 10 days moving all his American wines – from chardonnays to zinfandels – out of warehouses in the city’s free trade zone before they are hit with an extra tariff that kicks in on Saturday. Press Release Distribution Service