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VW's CEO was told about emissions software months before scandal: Der Spiegel

August 18, 2018 by  
Filed under News

Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said.


Source: Reuters Business News

China's Geely in deal to let Malaysia's Proton tap new-energy, other vehicle tech in global push

August 18, 2018 by  
Filed under News

Chinese automaker Geely has agreed to extend its existing partnership with Proton Holdings Berhad to upgrade the Malaysia carmaker’s line-up of cars and power Proton go beyond Malaysia, part of an ongoing effort to help Proton establish a presence in China and other international markets.


Source: Reuters Business News

Chinese internet stock sell-off may shake faith in FANGs

August 18, 2018 by  
Filed under News

A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street’s near-decade long rally may be low on fuel.


Source: Reuters Business News

Exclusive: U.S. government seeks Facebook help to wiretap Messenger – sources

August 17, 2018 by  
Filed under News

The U.S. government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect’s voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter their products to enable surveillance.


Source: Reuters Business News

Walmart asks some beauty suppliers to consider sourcing outside of China

August 17, 2018 by  
Filed under News

Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration.


Source: Reuters Business News

Air France-KLM appoints first foreign CEO over union objections

August 16, 2018 by  
Filed under News

Air France-KLM named Air Canada executive Benjamin Smith as its new boss on Thursday, opting for an outsider to steer the airline group through a fraught stand-off with unions at its French carrier.


Source: Reuters Business News

Wall St. rebounds as Walmart beats, trade worries ease

August 16, 2018 by  
Filed under News

U.S. stocks bounced back on Thursday, with the Dow setting a course for its best day in over four months, as a series of positive earnings and waning trade jitters girded investor confidence.


Source: Reuters Business News

USTR Lighthizer eyes NAFTA 'breakthrough,' Mexico urges flexibility

August 16, 2018 by  
Filed under News

U.S. Trade Representative Robert Lighthizer on Thursday expressed hope a breakthrough could be made in the coming days in efforts to rework the NAFTA trade deal, though his Mexican counterpart said flexibility was needed to reach agreement.


Source: Reuters Business News

Google employees demand more oversight of China search engine plan

August 16, 2018 by  
Filed under News

Google’s plan to launch a censored search engine in China requires more “transparency, oversight and accountability,” hundreds of employees at the Alphabet Inc unit said in an internal petition seen by Reuters on Thursday.


Source: Reuters Business News

Exclusive: U.S. seed sellers push for limits on Monsanto, BASF weed killer

August 16, 2018 by  
Filed under News

America’s two biggest independent seed sellers, Beck’s Hybrids and Stine Seed, told Reuters they are pushing U.S. environmental regulators to bar farmers from spraying dicamba weed killer during upcoming summers in a potential blow to Bayer AG’s Monsanto Co.


Source: Reuters Business News

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