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BERLIN (Reuters) -German automaker BMW is recalling electric Mini Cooper SE vehicles due to problems in their batteries, which could potentially affect more than 140,000 autos worldwide, a company spokesperson told Reuters on Monday. Around 39,000 vehicles could be affected in Germany, the company said in a statement on Monday, adding that there are no …

BMW worldwide recalling Mini Cooper SE electric models, company says Read More »

By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Volkswagen is considering closing factories in Germany for the first time, in a move that shows the mounting price pressure Europe’s top carmaker faces from Asian rivals. Monday’s move marks the first major clash between Chief Executive Oliver Blume, who analysts have described as more of a …

Volkswagen considers historic German plant closures in cost drive Read More »

By Balazs Koranyi FRANKFURT (Reuters) – European Central Bank policymakers are increasingly at odds on the outlook for growth, a rift that could shape the rate cut debate for months with some fearing a recession and others focusing on lingering inflation pressures, sources close to the debate said. The ECB cut interest rates in June …

ECB policymakers at odds over downturn’s impact, sources say Read More »

(Reuters) – Novo Nordisk said the shortage of lower strengths of its diabetes drug Ozempic has deteriorated, with intermittent shortages for all strengths expected into the final quarter of 2024 due to increased demand and along with capacity constraints at some of its manufacturing sites. In a note published by the European Medicines Agency (EMA) …

Novo Nordisk’s Ozempic shortage expected to continue into Q4 Read More »

BERLIN (Reuters) – Further cost-cutting measures will be implemented at the German state railway Deutsche Bahn in an attempt to return it to profitability over the next three years, a government representative told Reuters on Monday. “A three-year revamp across the whole company is in the works,” the source said, adding that previously announced job …

Further cost-cutting measures to come at German state railway, source says Read More »

(Reuters) -Hewlett Packard said on Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch’s estate in the UK. The U.S. company had been seeking compensation over its acquisition of British tech firm Autonomy amid claims of fraud masterminded by its co-founder Mike Lynch to inflate …

HP to continue $4 billion damages case against Mike Lynch Read More »