Exclusive: Nissan close to settling dispute with India over unpaid incentives
Nissan Motor Co and authorities in an Indian state are close to settling a dispute over which the Japanese carmaker initiated international arbitration seeking more than $729 million in unpaid dues and damages, sources told Reuters.
Sanofi, Novartis latest to stockpile drugs in case of no-deal Brexit
Sanofi and Novartis said on Wednesday they planned to increase stockpiles of medicines Britain in preparation for potential disruption if the UK crashes out of the European Union without a deal.
Activists renew call for structural change as Thyssenkrupp lowers guidance
Activist investors Cevian and Elliott have renewed calls for structural changes at ThyssenKrupp after the German industrial conglomerate cut its earnings guidance late on Tuesday.
Auto suppliers retool to chase electric vehicle bonanza
In what seems to be a magic trick, Dele Fayemi runs a batch of batteries in a beaker of boiling water – a physical impossibility that should cause a short circuit.
Samsung borrows from Chinese playbook in battle for India’s smartphone market
Sometimes keeping ahead of the game means learning some tricks from rivals – a strategy Samsung Electronics Co Ltd hasn’t been too proud to adopt in India where Xiaomi Corp and other Chinese brands have made hefty inroads.
Skills shortage makes it harder for VW to meet new rules of the road
Volkswagen warned that a shortage of engineers is hampering efforts to get its cars to meet new anti-pollution rules, clouding its sales outlook and overshadowing a forecast-beating 23 percent rise in underlying operating profit.
Scolding from Chinese state media dampens Apple’s earnings cheer
Apple Inc may have just notched up its fourth straight quarter of double-digit revenue growth in China, but among some Chinese consumers the glow was overshadowed by Chinese state media’s tirade of criticism against the smartphone giant.
Sprint profit beats on strong wireless growth
Sprint Corp on Wednesday topped analysts’ estimates for quarterly profit, helped by surprise growth in wireless subscribers in a competitive U.S. wireless market.
Apple shares set to move higher as glossy forecast highlights future demand
Shares of Apple Inc are inching closer to a $1 trillion valuation, after the company forecast blowout current-quarter sales and analysts on Wednesday said a September launch of new iPhones set the stage for sustained growth.
VW CEO says anti-pollution rules may hit profits, car sales
Volkswagen Group’s Chief Executive Herbert Diess warned that new anti-pollution tests pose a risk to the carmaker’s profit targets.
