RECENT ARTICLES
Daimler agrees to U.S. diesel settlements worth nearly $3 billion
By , WASHINGTON/BERLIN (Reuters) - Daimler said on Thursday it has reached agreements costing nearly $3 billion to settle civil investigations by U.S. regulators and lawsuits from vehicle owners stemming from a long-running probe into software to cheat diesel emissions tests.The settlements in principle address civil and environmental claims tied to 250,000 U.S. diesel passenger cars and vans in the United States and include claims from the Environmental Protection Agency, Justice Department, California Air Resources Board (CARB) and the California Attorney General’s Office.The German...…By , WASHINGTON/BERLIN (Reuters) - Daimler said on Thursday it has reached agreements costing nearly $3 billion to settle civil investigations by U.S. regulators and lawsuits from vehicle owners stemming from a long-running probe into software to cheat diesel emissions tests.The settlements in principle address civil and environmental claims tied to 250,000 U.S. diesel passenger cars and vans in the United States and include claims from the Environmental Protection Agency, Justice Department, California Air Resources Board (CARB) and the California Attorney General’s Office.The German...WW…
Daimler agrees to U.S. diesel settlements worth nearly $3 billion
By , WASHINGTON/BERLIN (Reuters) - Daimler said on Thursday it has reached agreements costing nearly $3 billion to settle civil investigations by U.S. regulators and lawsuits from vehicle owners stemming from a long-running probe into software to cheat diesel emissions tests.The settlements in principle address civil and environmental claims tied to 250,000 U.S. diesel passenger cars and vans in the United States and include claims from the Environmental Protection Agency, Justice Department, California Air Resources Board (CARB) and the California Attorney General’s Office.The German...…By , WASHINGTON/BERLIN (Reuters) - Daimler said on Thursday it has reached agreements costing nearly $3 billion to settle civil investigations by U.S. regulators and lawsuits from vehicle owners stemming from a long-running probe into software to cheat diesel emissions tests.The settlements in principle address civil and environmental claims tied to 250,000 U.S. diesel passenger cars and vans in the United States and include claims from the Environmental Protection Agency, Justice Department, California Air Resources Board (CARB) and the California Attorney General’s Office.The German...WW…
Lockdown bambino bust: 9 months on, Italian births fall 22 percent
By , ROME/BERLIN (Reuters) - Maybe it was the stress. Maybe it was being cooped up with the mother-in-law. But the numbers are in, and one effect of the coronavirus lockdown is now clear: people made fewer babies. A lot fewer babies.Slideshow Births in Italy in December - exactly nine months after the country went into Europe’s first lockdown - plunged by a whopping 21.6%, according to figures from a sample of 15 Italian cities released this week by statistics agency ISTAT.And the impact is far from over. Marriages fell by more than half in the first 10 months of last year, which ISTAT...…By , ROME/BERLIN (Reuters) - Maybe it was the stress. Maybe it was being cooped up with the mother-in-law. But the numbers are in, and one effect of the coronavirus lockdown is now clear: people made fewer babies. A lot fewer babies.Slideshow Births in Italy in December - exactly nine months after the country went into Europe’s first lockdown - plunged by a whopping 21.6%, according to figures from a sample of 15 Italian cities released this week by statistics agency ISTAT.And the impact is far from over. Marriages fell by more than half in the first 10 months of last year, which ISTAT...WW…
COVID vaccine breakthrough raises hopes, poses logistical headache
By BERLIN (Reuters) - Monday’s potential breakthrough in the race to develop a COVID-19 vaccine has left governments scrambling to meet the logistical challenge of distributing hundreds of millions of doses once it becomes available in coming months.With the two groups expecting to produce some 50 million doses by the end of the year and 1.3 billion doses next year, assuming regulatory approval, German Health Minister Jens Spahn, said the vaccine was a “light at the end of the tunnel”.Both the United States and the European Union have agreements to secure hundreds of millions of doses of...…By BERLIN (Reuters) - Monday’s potential breakthrough in the race to develop a COVID-19 vaccine has left governments scrambling to meet the logistical challenge of distributing hundreds of millions of doses once it becomes available in coming months.With the two groups expecting to produce some 50 million doses by the end of the year and 1.3 billion doses next year, assuming regulatory approval, German Health Minister Jens Spahn, said the vaccine was a “light at the end of the tunnel”.Both the United States and the European Union have agreements to secure hundreds of millions of doses of...WW…
Adidas says worse to come as profits and sales plunge
By Adidas said 60% of its business was currently at a standstill, with more than 70% of its stores closed worldwide and all big sporting events - including the Tokyo Olympics and Euro soccer tournament - postponed or cancelled.E-commerce sales, which last year represented 13% of the total, are growing fast, particularly in China, but are not enough to compensate for the loss of in-store sales.As shops reopen in China, customers have been returning but they have not been buying as much as before the crisis, Chief Executive Kasper Rorsted told journalists, adding he only expects a full...…By Adidas said 60% of its business was currently at a standstill, with more than 70% of its stores closed worldwide and all big sporting events - including the Tokyo Olympics and Euro soccer tournament - postponed or cancelled.E-commerce sales, which last year represented 13% of the total, are growing fast, particularly in China, but are not enough to compensate for the loss of in-store sales.As shops reopen in China, customers have been returning but they have not been buying as much as before the crisis, Chief Executive Kasper Rorsted told journalists, adding he only expects a full...WW…
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