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(Reuters) – Carmaker Stellantis NV said on Friday its Portugal plant would become the first assembly plant in the country to produce large series fully battery electric compact vans by 2025. Stellantis’s Mangualde Production Center, which has made over 1.5 million vehicles, will produce battery electric light commercial vehicles for Citroën, Fiat, OPEL and Peugeot, …

Stellantis’ Portugal plant to produce large series fully battery electric compact vans Read More »

By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -German industrial group Thyssenkrupp’s powerful labour representatives lashed out at leadership on Friday, demanding a strategic roadmap while saying that CEO Martina Merz’s plan to create a so-called group of companies had failed. The comments were made following a supervisory board meeting during which the board presented …

Thyssenkrupp’s restructuring plan has ‘failed’, labour bosses say Read More »

By Paul Sandle LONDON (Reuters) -Apple Inc won its appeal against the decision by Britain’s antitrust regulator to launch an investigation into its mobile browser and cloud gaming services, the Competition Appeal Tribunal (CAT) ruled on Friday. Regulator the Competition and Market Authority (CMA) opened a full investigation in November into the dominance of Apple …

Apple wins appeal against UK’s decision to investigate its mobile browser Read More »

SAO PAULO (Reuters) – The South American arm of carmaker Stellantis NV is planning a series of large investments starting in 2025, the firm’s regional chief executive said on Friday, planning to outspend its competitors. “For the next cycle, my investment, if approved, will be much larger than the sum of my competitors,” Antonio Filosa …

Stellantis’ South America arm plans giant investment from 2025 Read More »

By Jonathan Stempel (Reuters) -A judge has rejected Amazon.com Inc’s bid to dismiss California’s antitrust lawsuit accusing the online retailer of illegally forcing merchants to accept policies that cause consumers to pay artificially high prices. Judge Ethan Schulman in San Francisco Superior Court said California sufficiently alleged that Amazon’s policies “have had the anticompetitive effect …

Amazon must face California lawsuit claiming its prices are too high, judge says Read More »

By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON/NEW YORK/HONG KONG (Reuters) – March’s market turmoil has forced many macro and trend-following hedge funds to cut bait on bad portfolio bets and caused at least one bank that lends to them to scrutinize its clients’ exposure, according to sources and preliminary data reviewed by Reuters. …

Hedge funds retrench after getting pummeled during wild March Read More »

By Victoria Klesty and Rod Nickel OSLO (Reuters) -Norwegian fertiliser maker Yara and Canadian pipeline company Enbridge plan to invest up to $2.9 billion to build a low-carbon blue ammonia production plant in Texas, they said on Friday. Blue ammonia, rather than green ammonia derived from renewable energy, refers to ammonia produced from natural gas, …

Yara and Enbridge plan $2.9 billion ammonia plant in Texas Read More »

By Marc Jones LONDON (Reuters) – From a red-hot January as China cast off COVID curbs to February’s flop when interest rates surged and now a manic March of banking blow-ups – financial markets have had an action-packed start to the year even by recent standards. Totting up the first quarter scores shows world stocks …

Markets in Q1: Moving fast and breaking things Read More »

By Johann M Cherian (Reuters) -UK’s FTSE 100 inched higher on Friday as healthcare and consumer staples stocks gained, while investors were relieved that the domestic economy narrowly avoided a recession late last year. Data by the Office for National Statistics showed the UK’s economic output grew 0.1% in the October to December period, amid …

Healthcare, consumer staples push FTSE 100 up, worries of recession fade Read More »