WASHINGTON (Reuters) – U.S. auto safety regulators on Monday closed a six-year-old investigation into 1.47 million Ford Explorer SUVs over reports of exhaust odors in vehicle compartments and exposure to carbon monoxide without seeking a recall. The National Highway Traffic Safety Administration (NHTSA)said it had conducted an in-depth investigation that included review of over 6,500…
By Leah Douglas WASHINGTON (Reuters) – Once the stuff of science fiction, lab-grown meat could become reality in some restaurants in the United States as early as this year. Executives at cultivated meat companies are optimistic that meat grown in massive steel vats could be on the menu within months after one company won the…
By Elizabeth Howcroft LONDON (Reuters) – European stock indexes rose slightly in early trading on Monday, supported by hopes that inflation could be past its peak, as markets softened their expectations for future Federal Reserve rate hikes. Liquidity was thin overnight as markets in China, Hong Kong, Singapore, Malaysia, South Korea and Taiwan were closed…
MILAN (Reuters) – Shares in Juventus tumbled some 10% on Monday after Italian soccer authorities docked the club 15 points for its transfer dealings, in a blow to its reputation and short-term sporting prospects. Juventus, who have won the Italian league more times than any other club, are now 9th in the Serie A standings…
By Jan Schwartz HAMBURG (Reuters) – Volkswagen’s energy and charging division is keeping all options open for the long-term structure of the business, including a possible listing, the division’s chief Elke Temme said in an interview with Reuters. The division, like all the carmaker’s unlisted brands and its battery business PowerCo, is going through the…
TOKYO (Reuters) – Japanese automaker Honda Motor Co Ltd and battery maker GS Yuasa Corp on Monday said they will collaborate in the high-capacity, high-output lithium-ion battery business, and plan to establish a joint venture by the end of this year. The partners said they will join in the research and development of lithium-ion batteries…
By Nick Carey COVENTRY, England (Reuters) – China’s Geely is planning a big investment to turn the maker of London’s iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles, executives at the unit told Reuters. London Electric Vehicle Company (LEVC) also aims to expand its suite of services,…
By Wayne Cole SYDNEY (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a quiet start to the week in Asia with much of the region on holiday. U.S. stocks futures are near flat, but EUROSTOXX futures added 0.5% to extend their recent bullish run. Presumably…
By Wayne Cole SYDNEY (Reuters) – The euro scaled a nine-month high on the dollar on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve. The euro reached as far as $1.0903, breaking the recent peak of $1.08875 and opening the way to a spike…
(Reuters) – Spotify Technology is planning layoffs as soon as this week to cut costs, Bloomberg News reported on Sunday, joining the likes of Alphabet Inc, Amazon.com Inc, Microsoft Corp who have cut thousands of jobs recently. The report, which cited sources, said that the number of jobs being eliminated was not specified. Spotify did…
