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FRANKFURT (Reuters) -Daimler on Friday said it agreed to settle claims in Canada that some of its diesel vehicles likely contained a “defeat device” used to cheat emissions testing, an accusation the German luxury carmaker denies. Daimler said the settlement will cost about C$250.2 million dollars ($197 million). “With the settlement, Daimler takes another step …

Daimler settles diesel emission claims in Canada for $197 million Read More »

By Clara Denina , Helen Reid and Ernest Scheyder (Reuters) – University of Kentucky undergraduate Jonathan Little is among the legions of students around the world that the mining industry cannot afford to lose, but already has. Little, 20, considered a career in mining, but chose instead to study a branch of engineering that will …

Analysis-Miners face talent crunch as electric vehicles charge up metals demand Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Microsoft is set to secure unconditional EU antitrust approval for its $16 billion bid for artificial intelligence and speech technology company Nuance Communications, three people familiar with the matter told Reuters. The latest tech deal, Microsoft’s second biggest after its $26.2 billion LinkedIn purchase in 2016, follows heightened regulatory …

Exclusive-Microsoft’s $16 billion Nuance bid set for EU antitrust approval -sources Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices rose solidly in November as Americans paid more for food and a range goods, leading to the largest annual gain since 1982, posing a political nightmare for President Joe Biden’s administration and cementing expectations for the Federal Reserve to start raising interest rates next year. The …

U.S. inflation sizzles as consumer prices post biggest annual gain since 1982 Read More »

(Reuters) – General Motors Co is planning to invest more than $3 billion to make electric vehicles in its home state of Michigan, the Wall Street Journal reported on Friday, citing people familiar with the matter. The company plans to convert its Orion Assembly plant in suburban Detroit into a hub for making electric pickup …

GM plans to invest over $3 billion for EV projects in Michigan – WSJ Read More »

By Jesús Aguado and Emma Pinedo MADRID (Reuters) – A Madrid court has ordered Santander to pay Italian banker Andrea Orcel 67.8 million euros ($76.42 million) after it withdrew its offer to make him CEO, a pricey twist in an employment dispute that has captivated the world of high finance. The row between Orcel and …

Santander ordered to pay Orcel $76 million after losing court battle Read More »

By Essi Lehto and Mike Stone HELSINKI/WASHINGTON (Reuters) – Finland has chosen U.S. defence giant Lockheed Martin’s F-35 fighters to replace ageing F/A-18 combat jets and plans to order 64 planes with weapons systems in a $9.4 billion deal, the government said on Friday. Lockheed Martin competed in a tender for the deal with Sweden’s …

Finland orders 64 Lockheed F-35 fighter jets for $9.4 billion Read More »

STOCKHOLM (Reuters) -Volvo Cars said on Friday it had launched an investigation into a cyber security breach and the theft of some research and development data that could impact the company’s operation. A spokesperson for the firm, majority owned by China’s Geely Holding, said it had been approached by a third party, but declined to …

Volvo Cars says investigating theft of R&D data Read More »

(Reuters) -France’s LVMH has reached an agreement with Italian group Marcolin to buy a 49% stake in Thelios, increasing its holding in the upscale Italian eyewear manufacturer for labels including Dior, Fendi and Celine. Marcolin will also buy back the 10% stake LVMH acquired in the firm when Thelios was founded in 2017, the companies …

LVMH to buy Marcolin’s 49% stake in joint-venture Thelios Read More »