BERLIN / Reuters Volkswagen will give labour leaders a management board seat as part of a broad agreement to win approval for Herbert Diess as the German carmaker’s new chief executive, sources said on Wednesday. Europe’s largest automotive group is poised to replace group chief executive Matthias Mueller this week with Diess, a cost-cutter hired in 2015 from BMW as ...

The trade fight between the US and China is posing a dilemma to the European Union: Should the world’s largest trading bloc pick a side? And, if so, which one? In theory, the US is the more natural ally for Europe: The two have cooperated closely since the end of World War II, building the multilateral institutions which are now ...

Don’t relax yet: A potential yuan devaluation is still very much on the table. Currency traders sighed with relief after Chinese President Xi Jinping moved to ease trade tensions with the US, reiterating pledges to open the country’s economy further and cautioning against a cold-war mentality and zero-sum thinking. The yuan had weakened for the four previous days, with jitters ...