By Victoria Waldersee BERLIN (Reuters) – Mercedes-Benz Cars & Vans expects an adjusted earnings before interest and taxes (EBIT) of 14 billion euros ($15.9 billion) in 2021 and sees supply chain headwinds persisting into 2022, it said on Friday. The luxury carmaker predicted an adjusted return on sales of 12.7% in the full year, beating…
MOSCOW (AP) — Britain’s defense secretary visited Moscow Friday for talks on easing tensions amid massive Russian war games near Ukraine. Ben Wallace’s trip comes a day after British Foreign Secretary Liz Truss held talks in Moscow, urging Russia to pull back over 100,000 troops amassed near Ukraine and warning that attacking its neighbor would…
BERLIN (Reuters) – Mercedes-Benz expects raw material prices and semiconductor shortages to continue to prevent it from meeting strong market demand for its products this year, the carmaker’s Chief Financial Officer Harald Wilhelm said on Friday. Chip capacity is coming back up, and the shortage will ease in the second half, he told analysts on…
SALT LAKE CITY (AP) — Traffic deaths decreased in Utah after the state enacted the strictest drunken driving laws in the nation five years ago, new research published Friday by a U.S. government agency shows. The findings, which pertain to fatalities involving and not involving alcohol, provide initial validation for conservative lawmakers who passed the…
By Aditi Shah NEW DELHI (Reuters) -Ford Motor Co, Suzuki Motor Corp and Hyundai Motor are among 20 companies that will be eligible for incentives under India’s $3.5 billion scheme to boost clean fuel vehicles, the government said on Friday. The federal cabinet last year https://reut.rs/3GHBxIi approved a plan under which it will give benefits…
GENEVA (AP) — An annual report from the United Nations labor agency Friday highlighted the work conditions of Uyghurs and other Muslim minorities in China’s Xinjiang region, noting signs of “coercive measures” that deprive workers of free choice in selecting jobs. It also called on Beijing to provide more information about how it’s respecting their…
STOCKHOLM (Reuters) – Software giant Oracle’s title sponsorship agreement with the Red Bull Formula One team is worth about $300 million over five years, according to sources familiar with the deal. The new deal was signed on Wednesday between Oracle and Formula One champion Max Verstappen’s team and will see it renamed Oracle Red Bull…
HONG KONG (Reuters) -Shares of Chinese property developers climbed on Friday, following media reports that the sector is gaining easier access to presale proceeds from residential projects – the latest move by authorities to ease the industry’s severe cash crunch. Regulatory curbs on borrowing have driven China’s property sector into a liquidity crisis, highlighted by…
By Helena Soderpalm STOCKHOLM (Reuters) – Volvo Cars on Friday posted fourth-quarter earnings below expectations pressured by global supply shortages despite strong demand for its vehicles. Profits at the carmaker, which listed on Nasdaq Stockholm in October, were also dented by raw material costs and accounting changes at EV venture Polestar, in which it owns…
NEW YORK (AP) — Several conservative media figures in the U.S. have taken up the cause of Canadian truckers who have occupied parts of Ottawa and blocked border crossings to protest COVID-19 restrictions and vaccine mandates. Fox News Channel’s Sean Hannity cheered the truckers on while showing four live reports from Ottawa this week. Tucker…
