FRANKFURT (Reuters) – Volkswagen’s supercar brand Lamborghini is looking to keep combustion engine vehicles alive beyond the end of the decade, the unit’s Chief Executive Stephan Winkelmann told a German weekly newspaper. “After hybridisation, we will wait to see whether it will be possible to offer vehicles with an internal combustion engine beyond 2030,” he…
SACRAMENTO, Calif. (AP) — California would mandate that all businesses require their employees and independent contractors to receive the COVID-19 vaccine under legislation announced Friday by Democratic state lawmakers that was immediately criticized by Republicans as government overreach. Employees or contractors who qualify for medical or religious exemptions would have to be regularly tested under…
By David Shepardson WASHINGTON (Reuters) -Chrysler parent Stellantis is recalling 19,808 plug-in hybrid minivans and urged owners to stop recharging them, after reports of 12 fires in parked vehicles. The automaker said the recall covers 2017-2018 Chrysler Pacifica Hybrid vehicles. All were parked and turned off, while eight were connected to chargers. Stellantis said it…
FRANKFURT (Reuters) – Allianz on Friday said it will pay about 207 million euros ($235 million) to acquire Greek insurer European Reliance, a move that will create the country’s fifth-largest insurer based on gross written premiums. The 7.80 euros per share bid represents a 15.7% premium to Friday’s closing price, Allianz said, adding it was…
By Hannah Lang and Herbert Lash WASHINGTON (Reuters) -The dollar rose along with other safe-haven assets on Friday after the United States said Russia has massed enough troops near Ukraine to launch a major invasion. A Russian attack could begin any day and would likely start with an air assault, White House national security adviser…
NEW YORK (Reuters) -Goldman Sachs, JPMorgan Chase & Co and Morgan Stanley said on Friday they are dropping the requirement for staff to wear masks in the office. Goldman Sachs will no longer require masks to be worn by employees at its U.S. offices from Monday and will leave it to individuals to decide if…
By Arathy Somasekhar (Reuters) -Oil prices ended 3% higher on Friday at fresh seven-year highs as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added to concerns over tight global crude supplies. Russia has massed enough troops near Ukraine to launch a major invasion, Washington said, as it urged all…
By Bansari Mayur Kamdar and Noel Randewich (Reuters) – Wall Street stocks fell sharply on Friday for the second straight day, as investors fretted about potential steep U.S. interest rate hikes as well as deepening tensions between Russia and Ukraine. Most of the 11 major S&P 500 sector indexes declined, led by technology and consumer…
WASHINGTON (Reuters) – The Justice Department wants to depose some of Apple’s top executives as it prepares for a trial to determine if Alphabet’s Google broke antitrust law in how it runs its search business, a lawyer representing Apple said on Friday. In its complaint, the Justice Department accused Google of paying billions of dollars…
By A. Ananthalakshmi KUALA LUMPUR (Reuters) – Ten former workers from Dyson’s biggest parts supplier, Malaysian firm ATA IMS, are claiming compensation from the home appliance maker over poor working and living conditions at ATA factories, a law firm representing them said on Friday. The ex-employees allege that “Dyson was unjustly enriched as a result…
