World + Economy

German Transport Minister Dobrindt arrives for the weekly cabinet meeting at the chancellery in Berlin

Germany wants to introduce random emissions tests on cars

Reuters - Germany wants to carry out unannounced emissions tests on all carmakers, Transport Minister Alexander Dobrindt said on Sunday, aiming to reinstate confidence in the industry that was shattered by the…

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  • German Transport Minister Dobrindt arrives for the weekly cabinet meeting at the chancellery in Berlin
    Germany wants to introduce random emissions tests on cars Reuters - 2 hours 24 minutes ago

    Germany wants to carry out unannounced emissions tests on all carmakers, Transport Minister Alexander Dobrindt said on Sunday, aiming to reinstate confidence in the industry that was shattered by the Volkswagen …

    German Transport Minister Dobrindt arrives for the weekly cabinet meeting at the chancellery in Berlin

    Germany wants to carry out unannounced emissions tests on all carmakers, Transport Minister Alexander Dobrindt said on Sunday, aiming to reinstate confidence in the industry that was shattered by the Volkswagen cheating scandal. It would also call on the government to present plans to encourage motorists to switch to …

  • BAE Systems lines up oil exec Woodburn as next CEO: source Reuters - 2 hours 27 minutes ago

    British defense company BAE Systems has picked former oil industry executive Charles Woodburn as heir apparent to Chief Executive Ian King, a source close to the situation said on Sunday. Woodburn, who …

    A BAE Systems sign is seen at the naval dockyards in Portsmouth

    British defense company BAE Systems has picked former oil industry executive Charles Woodburn as heir apparent to Chief Executive Ian King, a source close to the situation said on Sunday. Woodburn, who has worked at oilfield services company Schlumberger and is currently chief executive at private equity-backed Expro, …

  • Twitter says Dorsey continues to forego direct compensation Reuters - Fri, 12 Feb, 2016 6:37 PM EST

    (Reuters) - Twitter Inc Chief Executive Jack Dorsey has agreed to continue to forego any form of direct compensation, a regulatory filing by the company showed on Friday. Dorsey in June agreed to no salary …

    Dorsey, interim CEO of Twitter and CEO of Square, goes for a walk on the first day of the annual Allen and Co. media conference in Sun Valley

    (Reuters) - Twitter Inc Chief Executive Jack Dorsey has agreed to continue to forego any form of direct compensation, a regulatory filing by the company showed on Friday. Dorsey in June agreed to no salary until the company's compensation committee agreed upon a package for him. The committee decided on Wednesday to introduce …

  • Apple to launch new iPhone, iPad in March: 9to5mac Reuters - Fri, 12 Feb, 2016 3:30 PM EST

    (Reuters) - Apple Inc is on target to introduce its next iPhone and iPad models on March 15, and aims to start selling the devices in the same week, technology blog 9to5Mac reported, citing sources.  …

    An Apple logo is seen at the Apple store in Munich

    (Reuters) - Apple Inc is on target to introduce its next iPhone and iPad models on March 15, and aims to start selling the devices in the same week, technology blog 9to5Mac reported, citing sources. Apple, which will introduce a new 4-inch iPhone, dubbed the "iPhone 5se", and a new iPad Air at a launch event, is unlikely …

  • Burberry faces U.S. lawsuit accusing it of deceptive price tags Reuters - Fri, 12 Feb, 2016 11:27 AM EST

    By Li-mei Hoang LONDON (Reuters) - British luxury fashion brand Burberry is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlet stores to fool shoppers …

    Visitors on an open-top tour bus drive past a Burberry store in central London

    By Li-mei Hoang LONDON (Reuters) - British luxury fashion brand Burberry is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlet stores to fool shoppers into believing the goods were being sold at a hefty discount. The company, which manufactures some of its products …

  • Desperately seeking signs of inflation Reuters - Fri, 12 Feb, 2016 10:34 AM EST

    Now markets have delivered their verdict on inflation - it's not picking up any time soon - economic data due next week will show whether price pressures are rising meaningfully or falling back in some …

    Foreign currency banknotes are placed on a basket for counting during a photo opportunity at the bank's headquarters in Seoul

    Now markets have delivered their verdict on inflation - it's not picking up any time soon - economic data due next week will show whether price pressures are rising meaningfully or falling back in some of the world's major economies. A global rout in stock markets, currencies, commodities and bond yields has so far defined …

  • Russian billionaire Fridman makes $200 million investment in Uber Reuters - Fri, 12 Feb, 2016 9:05 AM EST

    Russian billionaire Mikhail Fridman's LetterOne investment vehicle said on Friday it had made a $200 million investment in U.S. ride-hailing service provider Uber Technologies Inc [UBER.UL]. "We believe …

    Photo illustration of Nokia Maps on a smartphone in front of a displayed logo of Uber in Zenica

    Russian billionaire Mikhail Fridman's LetterOne investment vehicle said on Friday it had made a $200 million investment in U.S. ride-hailing service provider Uber Technologies Inc [UBER.UL]. "We believe that Uber's highly talented management team possesses the necessary vision and skills to build the company into one of …

  • Airbus A320neo's engine problems to be solved by April: Pratt CEO Reuters - Fri, 12 Feb, 2016 6:56 AM EST

    Any technical problems with the engines of Airbus's A320neo jetliner should be solved in the coming weeks, the head of engine manufacturer Pratt & Whitney said. "By April, most of that will be solved," …

    The Airbus A320neo takes off during its first flight event in Colomiers near Toulouse, southwestern France

    Any technical problems with the engines of Airbus's A320neo jetliner should be solved in the coming weeks, the head of engine manufacturer Pratt & Whitney said. "By April, most of that will be solved," Robert Leduc said at a ceremony at which German flagship carrier Lufthansa took delivery of the first A320neo. Lufthansa …

  • Amazon acquires Italy-based software firm Reuters - Fri, 12 Feb, 2016 4:26 AM EST

    (Reuters) - Amazon Web Services, the cloud computing arm of Amazon.com Inc , said it has acquired NICE, a software developer for technical computing. The company said it has signed an agreement with NICE, …

    Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City

    (Reuters) - Amazon Web Services, the cloud computing arm of Amazon.com Inc , said it has acquired NICE, a software developer for technical computing. The company said it has signed an agreement with NICE, which is also a cloud computing firm, and expects the deal to close in the first quarter of 2016. (http://amzn.to/1QZt7NP) …

  • Yen on track for strongest week since late 2008, Japan steps up rhetoric Reuters - Fri, 12 Feb, 2016 3:54 AM EST

    Japanese officials stepped up their attempts to talk the yen down, with Finance Minister Taro Aso hoping that the G20 finance leaders gathering in Shanghai later this month will consider a global policy …

    Chinese 100 yuan banknotes and a U.S. one dollar banknote are seen in this picture illustration in Beijing, China

    Japanese officials stepped up their attempts to talk the yen down, with Finance Minister Taro Aso hoping that the G20 finance leaders gathering in Shanghai later this month will consider a global policy response to the recent market turmoil. Major central banks including the European Central Bank, the Bank of Japan and …