The combined business would be owned 50/50 between shareholders of FCA and Groupe Renault.Autosread more
Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The U.S. is showing signs of targeting China's domestic surveillance and the tech supporting it.Technologyread more
Smartphone users in Singapore, the U.K. and China told CNBC's "Beyond The Valley" that foldable smartphones are "very strange," "super bulky," and expensive compared to the...Technologyread more
The result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
Investors are largely focused on results of the EU parliamentary elections. Euroskeptic parties in Britain and France made solid gains.Europe Marketsread more
Former Apple CEO John Sculley says this skill is vital to all great business leadership.Successread more
A Beijing decision to rapidly and sharply cut its excessive and unsustainable trade surplus with the U.S. would change for the better the bilateral relationship, writes...World Economyread more
Prime Minister Narendra Modi has to make sure that India becomes a highly competitive manufacturing hub where global investors will look to invest, the chairman of India...Asia Economyread more
U.S. President Donald Trump said Monday he expects to get the trade gap with Japan "straightened out rapidly," adding that announcements on that could come as soon as August.World Economyread more
Bitcoin surged more than 9% from the day before to hit its highest level in more than a year.Technologyread more
Britain's economy got a sharp one-off boost in the first three months of 2019, official figures showed on Friday, as manufacturers rushed to deliver orders before a Brexit that never came.
Gross domestic product grew at a quarterly rate of 0.5 percent in the first quarter of 2019, in line with the reading expected by the Bank of England, as well as by private-sector economists in a Reuters poll.
Year-on-year GDP growth picked up to 1.8 percent in early 2019 from 1.4 percent in the last three months of 2018, Britain's Office for National Statistics said. This was its highest since the third quarter of 2017 and again in line with economists' forecasts.
"Manufacturers were clearing their order books before March 29," an ONS statistician said, referring to the date when Britain had been due to leave the European Union.
"That's been the driver for the last few months," he added.
Previous private-sector business surveys had shown manufacturers reported building up stocks of goods in case the country left without a transition deal, which they feared could cause chaos at Britain's borders.
However, the ONS said it had seen more limited evidence of this.
Stock-building had added 0.7 percentage points to GDP growth during the first quarter, but some sectors - such as motor trades, wholesalers and warehouses reported relatively little evidence of this.
Net trade took a record 2.2 percent off the quarterly rate of GDP growth, as businesses sucked in imports.
In the event, with just days to go before Britain was due to leave, Prime Minister Theresa May asked the EU for more time to negotiate a deal. Brexit has now been delayed until Oct. 31 unless there is an early agreement.
Last week BoE Governor Mark Carney said he expected growth to slow to 0.2 percent during the current quarter as the one-off boost from stock-building fades and businesses continue to hold off from investment as economic uncertainty lingers.
However, Friday's ONS data unexpectedly showed a return to growth for business investment in the first three months of the year, after contracting for every quarter of 2018.
Britain's economy has slowed since June 2016's vote to leave the EU, with annual growth rates dropping from more than 2 percent before the referendum to expand by 1.4 percent last year.
The euro zone's economy expanded by 0.4 percent in the three months to March, rebounding from a patch of sluggish growth in the second half of 2018 caused by global trade tensions and regulatory problems for the auto industry.