VW Group to settle UK 'dieselgate' claims for ?193 mn
It could be years before card fees from global payments duo Mastercard and Visa can be capped again to cut costs for retailers and consumers, Britain's payments regulator told lawmakers on Wednesday.
Lyft and Uber are scaling back on their hiring and other initiatives in a bid to resuscitate their battered share prices.
Vedanta will finalize a location for its $20 billion semiconductor and display plants in India by mid-June and will have the first chip product ready in two years, its Chairman Anil Agarwal said on Wednesday.
All participants at the Federal Reserve's May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat to the economy's performance and was at risk of racing higher without central bank action, newly released minutes of the session showed.
Pfizer offers to sell medicines at cost to poorest countries
Volkswagen will pay 193 million pounds ($242 million) as part of an out-of-court settlement to around 91,000 British drivers over a diesel emissions scandal that engulfed Europe's largest carmaker in 2015.
Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S.
Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S.
Nike halts sales to retailers in Russia
Global stocks are forecast to recover from current levels but stay well below record highs this year and next as a majority of more than 150 equity analysts polled by Reuters predicted a rebound that is both lackluster and uneven.
Global stocks are forecast to recover from current levels but stay well below record highs this year and next as a majority of more than 150 equity analysts polled by Reuters predicted a rebound that is both lackluster and uneven.
Bidders competing to acquire Kohl's Corp are preparing to make binding offers that are lower than the indicative bids they submitted earlier this year to reflect the market downturn and the U.S.
New orders for U.S.-made capital goods increased less than expected in April, suggesting businesses could be slowing their pace of spending on equipment as they confront growing headwinds from rising interest rates and tightening financial conditions.
The U.S. business of Fiat Chrysler Automobiles has agreed to plead guilty to criminal conduct and pay roughly $300 million in penalties to resolve a multi-year emissions fraud probe surrounding vehicles with diesel engines, people familiar with the matter said.
Hyundai may cut a series of car models from its lineup in the near-term as the Korean automaker turns its attention to these types of vehicles.
Silicon Valley startup Solo Advanced Vehicle Technologies has partnered with Michigan-based American Battery Solutions (ABS) to develop battery packs for its new driverless electric heavy-duty truck, Solo AVT's chief executive told Reuters.
Costco Wholesale Corp is expected to post a rise in quarterly earnings on Thursday as the spending power of Americans with store memberships remains largely intact even as surging inflation dents profits of major U.S. retailers.
India has no immediate plans to lift a ban on wheat exports, but will continue with deals which are done directly with other governments, Commerce Minister Piyush Goyal told Reuters.
Energy bankers who lost one client after another when poor returns pushed many investment firms out of the U.S. oil patch got a welcome email earlier this year.
AB inBev is "off track" in reaching its goal that 20% of its beer volume would be non-alcoholic and low-alcohol by 2025, chief sustainability officer Ezgi Barcenas said in an interview on the sidelines of the World Economic Forum on Wednesday.
Budweiser brewer AB InBev is "off track" in reaching its goal of making 20% of its beer volume non-alcoholic and low-alcohol by 2025, its chief sustainability officer Ezgi Barcenas told Reuters on Wednesday.
TotalEnergies' shareholders on Wednesday voted in favour of the French oil and gas company's climate strategy at an annual meeting as protesters outside denounced the group's environmental toll and its business in Russia.
Wall Street ended higher Wednesday after the release of minutes from the Federal Reserve's latest monetary policy meeting, which showed policymakers unanimously felt the U.S.
Wall Street closed higher Wednesday, boosted after minutes from the Federal Reserve's latest monetary policy meeting showed policymakers unanimously felt the U.S.
Climate ministers from the Group of Seven economic powers will this week consider committing to phase out polluting coal-fuelled energy by 2030 and decarbonise their power sectors by 2035, according to a draft meeting communique seen by Reuters.
British retailer Marks and Spencer exits Russia
Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine.
UK PM defies calls to quit over 'Partygate'
The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed a pair of rule changes aimed at stamping out unfounded claims by funds on their environmental, social and corporate governance (ESG) credentials, and enforcing more standardization of such disclosures.
