The U.S. Federal Trade Commission said it settled three lawsuits accusing companies of falsely claiming their products were made in the United States, including a case against a seller of American flags sourced from China.
French automaker Renault SA will cut its global engineering staff by between 15% and 20% over the next two years, a spokeswoman said on Tuesday, in a bid to become more agile in the face of competition from low-cost Chinese rivals.
French advertising firm Havas on Tuesday reported a 2.5% rise in net revenues to 638 million euros ($753 million) in the first quarter of the year, driven by a strong performance in the United States.