Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
After holding parliamentary elections over seven phases, India started counting the votes on Thursday — and Prime Minister Narendra Modi's Bharatiya Janata Party-led coalition...Electionsread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
China accounted for 40% to 60% of the global increase in trichlorofluoromethane, or CFC-11, emissions between 2014 and 2017, a study found.Scienceread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
With Amazon and Walmart facing regulatory hurdles in India, Reliance's Mukesh Ambani isTechnologyread more
Tech usage and addiction inspires a billion-dollar mindfulness industry. CNBC's Uptin Saiidi attempts three days without any digital gadgets.Technologyread more
Japan's Panasonic said on Thursday it has stopped shipments of certain components to Huawei Technologies to comply with U.S. restrictions on the Chinese company.Technologyread more
Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution...Asia Marketsread more
May 8 (Reuters) - General Motors and the largest union representing Canada's auto workers have reached a deal to partly rescue an auto plant in Ontario slated to close this year by converting it to a parts-stamping facility, a source familiar with the matter said on Wednesday.
The plan would help save some union jobs at GM's Oshawa car-making plant, even though the operations would be scaled down and it will no longer produce cars, the source added.
"Oshawa stays open," said the source who spoke on the condition of anonymity. "It's a small foot in the door, but it stays open."
A spokesman for GM declined to comment before an 11 a.m. EDT (1500 GMT) press conference at which the company and the union are expected to make an announcement about the plant. A Unifor spokeswoman also declined comment before the press conference.
GM, which has been increasing its footprint in connected-car development in Canada, will also make an announcement on advanced automotive technologies, the source said.
CBC cited a brochure given to members of Unifor that outlined the plans for employees of the GM plant in Oshawa. In November, GM announced plans to close the plant by the end of 2019, affecting almost 2,600 workers.
Unifor said the closure was contrary to a contract that stipulates there would be no plant closures prior to Sept. 21, 2020. (Reporting by Tyler Choi in Toronto and Allison Lampert in Montreal Additional reporting by Ben Klayman in Detriot Editing by Denny Thomas and Paul Simao)