Tesla’s Musk admits Model 3 braking flaw, promises fix
(Reuters) – Chief Executive Officer Elon Musk said late on Monday that the braking issue on Tesla Inc’s Model 3 sedan, pointed out by Consumer Reports, can be fixed with a firmware update which the electric car maker will be rolling out in a few days.
Facebook’s Zuckerberg faces EU Parliament grilling
BRUSSELS (Reuters) – Facebook Chief Executive Mark Zuckerberg will meet with leaders of the European Parliament on Tuesday to answer questions about how the data of millions of Facebook users ended up in the hands of a political consultancy.
Trump wants more from EU to lift tariffs: EU trade chief
BRUSSELS (Reuters) – Europe’s proposals to open its markets wider to U.S. products including cars appear not to have persuaded Washington to lift the threat of import tariffs on EU steel and aluminum, the bloc’s trade chief said on Tuesday.
Sony in $2.3 billion deal for EMI, becomes world’s biggest music publisher
TOKYO (Reuters) – Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world’s largest music publisher in an industry that has found new life on the back of streaming services.
European shares eye four-month highs, Italy sell-off relents
LONDON (Reuters) – European shares inched to a near four-month high on Tuesday, as an easing of pressure on Italian markets coincided with China’s latest move to open up its giant economy to the rest of the world.
VW recalls 11,000 Audi cars in Russia: watchdog
MOSCOW (Reuters) – Russia’s standards agency said on Tuesday it had been informed about the voluntary recall of 11,003 Audi cars sold since last year.
Deutsche Bank’s chairman to face tough questions at annual meeting
FRANKFURT (Reuters) – Investors in Deutsche Bank on Thursday will call on the loss-making lender’s leadership to deliver quicker results as its share price languishes and revenue dwindles.
EU’s Malmstrom says thinks U.S. considers EU trade proposal insufficient
BRUSSELS (Reuters) – A proposal to get exemption from U.S. tariffs on steel and aluminum and promises of closer trade ties may not be sufficient to convince the United States government, EU trade Commissioner Cecilia Malmstrom said on Tuesday.
Strong dollar hits Asian share markets, oil surges
SYDNEY (Reuters) – Asian shares skidded on Tuesday as a strong dollar sapped demand for emerging market assets while surging oil prices stoked concerns about a flare-up in inflation and faster U.S. interest rate increases.
Sony to become world’s No.1 music publisher with $2.3 billion EMI deal
TOKYO (Reuters) – Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world’s biggest music publisher in an industry that has found new life in streaming services.
