Algeria says confident OPEC members will stick to Algiers output deal
ALGIERS (Reuters) – Algeria’s Energy Minister Nouredine Bouterfa said on Sunday he was confident OPEC members would stick to a deal made in Algiers in September to cut output, saying the group’s technical committee was working on applying the deal.
Samsung to launch AI digital assistant service for Galaxy S8
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Sunday it would launch an artificial intelligence digital assistant service for its upcoming Galaxy S8 smartphone, seeking to rebound from the Galaxy Note 7’s collapse and differentiate its devices.
German firms hone tools to defuse demographic time bomb
WUPPERTAL, Germany (Reuters) – For more than 130 years, Knipex, a family-owned company in western Germany, has made pliers for craftsmen around the world. Recently it has developed a different set of tools to help it cope with an aging workforce and sk…
U.S. regulator found another cheat device in Audi car: report
FRANKFURT (Reuters) – A U.S. regulator found software in some Audi vehicles that lowered their carbon dioxide emissions if it detected they were being used under test conditions, Bild am Sonntag reported.
China launches $11 billion fund for Central, Eastern Europe
BEIJING (Reuters) – China has set up a 10 billion euro ($11.15 billion) investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China said in a statement issued on Sunday.
China Premier Li says economy to maintain steady growth
BEIJING (Reuters) – China will maintain steady growth and speed up economic transformation, Chinese Premier Li Keqiang said on Saturday, adding that the world’s No. 2 economy would be able to overcome current challenges, official news agency Xinhua rep…
U.S. mutual fund managers brace for closer presidential election
NEW YORK (Reuters) – The U.S. presidential election is looking like less of a certainty for Democratic nominee Hillary Clinton than it did a month ago, prompting mutual fund managers to brace for more volatility by raising cash and getting their buying…
GM cautiously ramps up Bolt electric car production
ORION TOWNSHIP, Mich. (Reuters) – General Motors Co is ramping up production of Chevrolet Bolt electric cars at a factory north of Detroit and is on track to start delivering vehicles as promised by the end of the year, company officials said on Friday…
Monte dei Paschi set to name shareholder Falciai chairman: sources
MILAN (Reuters) – Italian lender Banca Monte dei Paschi di Siena is set to appoint businessman Alessandro Falciai as its new chairman and the decision may be announced this weekend, two sources close to the matter said on Saturday.
Volkswagen to use tweaked modular platform for two generations: VW brand chief
FRANKFURT (Reuters) – Volkswagen expects to be able to use its tweaked MQB modular platform for the next two generations of cars, creating substantial cost savings, VW brand chief Herbert Diess said.
