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BERLIN (Reuters) -Mercedes-Benz said on Wednesday it has teamed up with Google on navigation and will offer “super computer-like performance” in every car with automated driving sensors as it seeks to compete with Tesla and Chinese newcomers. Carmakers are racing to develop software systems with tech companies that customers will recognise. But the car companies …

Mercedes-Benz cars to have ‘supercomputers’, unveils Google partnership Read More »

LONDON (Reuters) – Britain’s biggest supermarket group Tesco on Wednesday followed rivals Asda, Morrisons and Aldi in imposing customer purchase limits on salad vegetables after supplies were hit by disrupted harvests in southern Europe and north Africa. Tesco has introduced a buying limit of three items per customer on tomatoes, peppers and cucumbers. The British …

Britain’s Tesco joins rivals in rationing salad vegetables Read More »

By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -A solid majority of Federal Reserve officials agreed at their last policy meeting to slow the pace of increases in the U.S. central bank’s benchmark overnight interest rate to a quarter of a percentage point, but also said the risks of high inflation remained a “key …

‘Almost all’ Fed officials favored 25-basis-point rate hike at last meeting, minutes show Read More »

(Reuters) – Self-driving sensor maker Luminar Technologies Inc announced an expanded partnership with Mercedes-Benz Group on Wednesday to enable fully automated driving for its next-generation vehicles. Automakers from Tesla Inc to General Motors are focusing on autonomous vehicles, but technological and regulatory hurdles remain. Tech firms such as Alphabet Inc’s Waymo and Aptiv-Hyundai Motor joint …

Luminar, Mercedes-Benz expand deal for self-driving tech Read More »

By Andres Gonzalez LONDON (Reuters) -Exchange operator Euronext has submitted a preliminary offer to buy fund distribution firm Allfunds for 5.5 billion euros ($5.85 billion) in a deal that would help the Paris Stock Exchange operator advance diversification. Euronext said on Wednesday it was discussing with Allfunds’ largest shareholders about a takeover, and Allfunds’ board …

Euronext offers 5.5 billion euros in cash, shares to buy Allfunds Read More »

BERLIN (Reuters) -German business morale improved in February, adding to signs that Europe’s largest economy is recovering despite the energy crisis and high inflation, a survey said on Wednesday. The Ifo institute said its business climate index stood at 91.1 following a revised reading of 90.1 in January. A Reuters poll of analysts had pointed …

German business sentiment rises in February Read More »

(Reuters) – Italian EU-harmonised consumer prices (HICP) fell 1.5% month-on-month in January and were up 10.7% from the year earlier, official statistics agency ISTAT said on Wednesday, revising down preliminary data. The preliminary estimate had pointed to -1.3% month-on-month and +10.9% year-on-year. January’s +10.7% annual rate was down from +12.3% in December. The main domestic …

Italy Jan EU-harmonised CPI revised to +10.7% y/y Read More »

By Giulio Piovaccari MILAN (Reuters) -Carmaker Stellantis beat forecasts on Wednesday with a 17% rise in operating profit for the second half of last year, fuelled by savings from its founding merger and prices increases that helped offset lingering supply chain problems. The company, created just over two years ago from the merger of Fiat …

Bumper merger savings help Stellantis profit top forecast Read More »