Fire contained at Tesla Gigafactory in Nevada
A fire broke out at Tesla Inc’s Gigafactory in Nevada’s Tahoe-Reno Industrial Center late on Saturday but was contained by early Sunday and production had resumed, emergency officials and the company said.
Deutsche to shift more assets to Frankfurt, ringfence UK operations after Brexit: source
Deutsche Bank is considering shifting large volumes of assets from London to Frankfurt after the UK’s planned exit from the European Union next year to meet demands from European regulators, a person close to the matter said on Sunday.
Carmakers must offer customers incentives to replace diesel models: German minister
Germany’s transport minister is in talks with carmakers about how much money they should offer customers to exchange old diesel models for new cars, Frankfurter Allgemeine Zeitung reported.
China may reject new trade talks if more tariffs imposed: WSJ
The Chinese government may decline to participate in proposed trade talks with the United States later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, the Wall Street Journal reported on Sunday, c…
‘Illusion’ to think states can completely prevent financial crises: Weidmann
Governments cannot completely prevent a repeat of events like the 2008 global financial crisis even though regulations have been tightened since the collapse of Lehman Brothers a decade ago, Germany’s top central banker told Bild newspaper.
JP Morgan chief Dimon says shouldn’t have made remarks about Trump
JPMorgan Chase & Co Chief Executive Jamie Dimon on Sunday said he regretted comments that he was “smarter” than U.S. President Donald Trump and could beat him in an election.
Exclusive: Saudi Arabia to auction detained tycoon’s real estate assets – sources
Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters.
BMW to recall more than 139,000 of its 3-series cars in China from November
German automaker BMW will recall more than 139,000 of its 3-series cars in China from Nov. 9, because of a defect in the air-conditioning system, the market regulator said.
Trump ‘likely’ to announce new China tariffs as early as Monday: source
U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday.
BMW drives to cut battery costs, share costs on autonomous vehicles: executive
German luxury vehicle maker BMW AG plans more deals with mining companies to secure electric vehicle battery materials, and is open to forming alliances to share the costs of developing autonomous-vehicle systems, the automaker’s research and developm…
