Friday 10 August 2018

Automakers balk at U.S. request for confidential info for import probe

Reuters.com Newsletter

Automakers balk at U.S. request for confidential info for import probe

Two automotive trade groups on Friday raised "significant concerns" over the U.S. government's request for confidential business information as it probes whether automotive imports pose a national security risk, according to a letter seen by Reuters.

Wall Street sinks as Turkey crisis drags down banks

U.S. stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered concerns that it could spread to other global economies.

Timeline: Main events in Tesla's history as a public company

Here are some of the key events in Tesla Inc's turbulent history as a public company.

Lee, Wrangler owner VF Corp looks to exit denim business: WSJ

VF Corp is exploring strategic options for its denim business that could include a sale or spin off of its Lee and Wrangler jeans brands, the Wall Street Journal reported on Friday, citing people familiar with the matter (https://on.wsj.com/2Oo36eK).

Turkish currency's freefall rocks equity markets, euro

A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of further fallout sent investors scurrying for safety in assets like the yen and U.S. government bonds.

Emirates expects single-digit U.S. capacity rise in 2018: executive

Emirates airline [EMIRA.UL] expects a single-digit percentage increase in its U.S. capacity in 2018, a company executive said on Friday, as sales rebound after travel restrictions imposed by the Trump administration weakened demand from the Middle East early last year.

Energy executives lament Trump tariffs as costs rise on pipeline projects

U.S. President Donald Trump's proposal to double tariffs on steel and aluminum from Turkey could push up costs even further for domestic oil and gas pipeline projects, as energy executives said they were already struggling from earlier tariff rises.

Doug Field, former Tesla engineering chief, returns to Apple

Doug Field, who stepped down as the senior vice president of engineering at Tesla Inc last month, is returning to Apple Inc , Apple told Reuters on Thursday.

Heineken considers closing Brazilian factories due to court dispute

Heineken NV , the world's second-largest beer maker, is considering closing two factories in northeastern Brazil as "an extreme measure" after a court ordered the company to sell beer and soft drinks in the region at a money-losing price, the company said on Friday in a statement.

BMW delays Chinese deliveries of X4 vehicles to fix brake issue

German carmaker BMW on Friday said around 400 BMW X4 vehicles, built in Spartanburg South Carolina, are being withheld from delivery to Chinese customers until a potential brake problem has been fixed as part of a global safety recall.

Ryanair strike hits 55,000 passengers across Europe

Ryanair endured its worst one-day strike on Friday after a walk-out by pilots in five European countries disrupted the plans of an estimated 55,000 travelers with the budget airline at the height of the summer holiday season.

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