U.S. senators call new hearing on Takata auto air bag inflators
WASHINGTON (Reuters) – U.S. Senators will convene a previously undisclosed hearing to focus on the status of Takata air bag inflator recalls, the largest, most complex recall process in auto history that some lawmakers say is too slow.
Virgin Atlantic boss confident on post-Brexit flying rights
LONDON (Reuters) – Virgin Atlantic’s chief executive said he was confident a deal would be done to secure Britain’s flying rights after Brexit, as the airline launched an extra legroom economy seat to try to stand out from the crowd amid intense compet…
Snap to lay off about 100 engineers: CNBC
(Reuters) – Snapchat parent Snap Inc is laying off nearly 10 percent of its engineering team, or about 100 people, CNBC reported on Wednesday.
GM CEO wants Congress to expand tax credit for electric vehicles
WASHINGTON (Reuters) – General Motors Chief Executive Mary Barra called on the U.S. Congress on Wednesday to expand a consumer tax credit for electric vehicles as the automaker said it would boost production of its EV Chevrolet Bolt in response to str…
Virgin Atlantic bets on more legroom in economy in trans-Atlantic battle
LONDON (Reuters) – Virgin Atlantic said it would offer a new type of economy seat with extra legroom, as it tries to stand out from the crowd at a time when low-cost airlines are intensifying competition on trans-Atlantic routes.
Wall Street losses deepen as trade war fears mount
(Reuters) – Wall Street’s main indexes fell on Wednesday as U.S. President Donald Trump looked set to impose steep tariffs on imported steel and aluminum this week, a move that could spiral into a global trade war.
ECB raises no objection to de Guindos as next VP
FRANKFURT (Reuters) – The European Central Bank has raised no objection to the appointment of Spain’s Luis de Guindos as its next vice president, clearing one of the last hurdles before his appointment.
U.S. trade deficit races to more than nine-year high
WASHINGTON (Reuters) – The U.S. trade deficit increased to a more than nine-year high in January, with the shortfall with China widening sharply, suggesting that President Donald Trump’s “America First” trade policies aimed at eradicating the deficit w…
Trump piles pressure on China over trade, to push ahead with tariffs
WASHINGTON/LUXEMBOURG (Reuters) – U.S. President Donald Trump looked set on Wednesday to authorize steep tariffs on imported steel and aluminum this week as he stepped up pressure against China to develop a plan to reduce its trade imbalance with the U…
U.S. Energy Secretary Perry unsure if Trump’s views on tariffs are final
HOUSTON (Reuters) – U.S. Energy Secretary Rick Perry said on Wednesday he was “not sure” if President Donald Trump had made up his mind about levying tariffs on imported steel and aluminum.
