Mercedes-Benz reports Q1 adjusted return on sales of 14.8%
BERLIN (Reuters) -Mercedes-Benz on Thursday posted first-quarter group adjusted return on sales of 14.8%, above market expectations, boosted by higher…
Business
Oil falls 2% on recession fears, swelling US fuel stocks
By Laila Kearney NEW YORK (Reuters) -Oil prices slid by about $2 a barrel to their lowest level since late…
Yellen wants more World Bank reforms in coming months, eyes subnational lending
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said she is insisting that next steps in the…
Canada offering more than C$13 billion for VW battery plant – govt source
OTTAWA (Reuters) -Canada has agreed to provide up to C$13 billion ($9.7 billion) in subsidies and a C$700 million grant…
Alphabet to combine AI research units Google Brain, DeepMind
(Reuters) -Alphabet Inc is combining Google Brain and DeepMind, as it doubles down on artificial intelligence research in its race…
Lockheed and Rheinmetall to develop German version of HIMARS rocket launchers
BERLIN (Reuters) – Arms makers Lockheed Martin and Rheinmetall will team up to develop a German rocket artillery system, they…
Renault chooses banks for planned listing of electric car unit Ampere – source
PARIS (Reuters) – French carmaker Renault has picked BNP Paribas, Goldman Sachs and JPMorgan among the investment banks slated to…
Brazil plans ‘digital tax’ on shipments from e-commerce giants -minister
SAO PAULO/BRASILIA (Reuters) -Brazil’s finance minister said on Thursday the country would implement a “digital tax” on shipments from e-commerce…
Union Pacific considering hiring slowdown as economic outlook darkens – CEO
By Amna Karimi and Abhijith Ganapavaram (Reuters) -Union Pacific Corp’s chief executive officer said on Thursday the railroad operator was…
Fed’s Mester sees policy rate over 5% and ‘soft landing’ on horizon
By Michael S. Derby NEW YORK (Reuters) -Cleveland Federal Reserve President Loretta Mester said on Thursday the U.S. central bank…