VW takes new 2.5 billion euro hit for modifying diesel vehicles in U.S.
BERLIN (Reuters) – Volkswagen will take a hit of around 2.5 billion euros ($3 billion) to its third-quarter results because a program to buy back or retrofit diesel engine cars in North America is proving more complex and time-consuming than expected,…
China’s bitcoin market alive and well as traders defy crackdown
SHANGHAI (Reuters) – Weeks after Beijing banned fundraising through token launches and ordered some bitcoin exchanges to shut, casting a chill over the cryptocurrency industry, traders say that the market is far from dead.
Tesla’s big battery races to keep South Australia’s lights on
ADELAIDE (Reuters) – One year after the state of South Australia suffered a major blackout, construction has started on building the world’s biggest battery to help keep the lights on in Australia’s most wind-dependent state.
Asia shares recuperate after rough week, dollar in better health
SYDNEY (Reuters) – Asian shares regained some poise on Friday after a tough week in which the gathering risk of a U.S. rate rise lifted Treasury yields toward nine-year highs and left the dollar on track for its best week so far this year.
China sets 2019 deadline for automakers to meet green-car sales targets
BEIJING/SHANGHAI (Reuters) – China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles, slightly relaxing an earlier plan to launch the rules from next year that had left global automakers worried abou…
Asia shares recuperate after rough week, dollar firm
SYDNEY (Reuters) – Asian shares tried to regain some poise on Friday after a tough week in which the gathering risk of a U.S. rate rise lifted Treasury yields toward nine-year highs and boosted borrowing costs across the region.
Whole Foods says taprooms, restaurants hacked
LOS ANGELES (Reuters) – Amazon.com Inc’s Whole Foods Market on Thursday said payment card information has been stolen from taprooms, restaurants and other venues located within some of its stores.
Backers withdraw two proposals to list U.S. bitcoin funds
(Reuters) – An effort to allow investors to trade digital currencies as easily as stocks stumbled when backers withdrew two proposals to list bitcoin funds.
Trucking group disappointed self-driving bill leaves out big vehicles
WASHINGTON (Reuters) – A U.S. trucking group said Thursday it was disappointed that a compromise bill to advance self-driving cars and eliminate regulatory roadblocks will not include larger vehicles.
White House battles critics over tax plan as lawmakers prepare to act
WASHINGTON (Reuters) – The White House struggled on Thursday to defend its new tax plan against criticism that it would help the rich at the expense of lower classes, as Republicans in Congress prepared to move ahead with actual legislation.
