By David Shepardson (Reuters) -German auto supplier Bosch has agreed pay $25 million to resolve California’s probe into the company’s role in the diesel emissions scandals at Volkswagen and Fiat Chrysler, the company and state said Monday. The settlement, which is subject to court approval, resolves allegations Bosch participated in misconduct by providing hardware, software,…
(Reuters) – British Prime Minister Rishi Sunak is poised to announce a major gas deal with the U.S. after the COP27 climate change summit, The Telegraph reported on Monday. Talks about the “energy security partnership” are in their final stages, with the U.S. planning to sell billions of cubic metres of liquefied natural gas to…
By Norihiko Shirouzu, Maki Shiraki and David Dolan BEIJING/TOKYO (Reuters) – Nissan Motor Co’s concerns about technology transfers have complicated its partner Renault’s plans to sell a large stake in its gasoline-engine business to China’s Geely, three people familiar with the talks said. Renault is pursuing a complex two-pronged restructuring. On one hand, it is…
By Jamie Freed and Rajesh Kumar Singh SYDNEY/CHICAGO (Reuters) -Airlines around the world are ripping up schedules and bringing in new flights to cope with a COVID-triggered trend in corporate travel for executives like Jerome Harris – the scrapping of one-day business trips in favour of longer stays. For Sydney-based Harris, exhausting one-day treks to…
ATHENS (Reuters) -Exxon Mobil will start conducting seismic surveys in two blocks southwest of Greece’s Peloponnese peninsula and the island of Crete in the coming days, Prime Minister Kyriakos Mitsotakis said on Monday. Greece, an entry point for natural gas in the eastern Mediterranean, aspires to become a gas producer and a hub for the…
By Divya Rajagopal TORONTO (Reuters) -Canada’s competition tribunal chief on Monday said it would be difficult for the tribunal to reach a decision on Rogers Communications’ C$20 billion ($14.8 billion) acquisition of Shaw Communications within the December timeframe the companies requested. Rogers’ proposed deal has been blocked by Canada’s antitrust bureau on grounds that it…
By Fergal Smith TORONTO (Reuters) – As the Bank of Canada considers raising interest rates at a slower pace, it is focusing on inflation measures that are more timely than typically observed, which could help it avoid tightening beyond the level needed to subdue price pressures. Inflation tends to be reported on a year-over-year basis…
By Chavi Mehta (Reuters) -Palantir Technologies Inc posted its slowest quarterly growth in revenue since going public in 2020 due to weak demand for its data analytics software in Europe, while a strong dollar weighed on its profit, sending its share down 8.5% on Monday. The company, known for its work with the U.S. Central…
By Blake Brittain WASHINGTON (Reuters) -The U.S. Supreme Court on Monday rebuffed a bid by Bristol Myers Squibb Co’s Juno Therapeutics Inc to reinstate a $1.2 billion award it won in its patent fight with Gilead Sciences Inc subsidiary Kite Pharma Inc over a lymphoma drug. The justices turned away Juno’s appeal of a lower…
DUBLIN (Reuters) – Ryanair on Monday predicted it would eventually become Europe’s only major low-cost carrier, with Chief Executive Michael O’Leary claiming a widening gap on costs would make rivals easyJet and Wizz takeover targets. “Europe is inexorably moving towards a similar out-turn as North America where you will have three very large, somewhat higher…
