Tesla closes an office as layoff hits Autopilot jobs, including hourly ones

SAN FRANCISCO, June 28 (Reuters) – Tesla (TSLA.O) has shuttered its office in San Mateo, California and laid off roughly 200 employees working on its Autopilot driver-assistant system there, one of the people told Reuters, in a move seen as accelerating cost-cutting. Most of the laid-off people had been hourly workers, that person said. Earlier … Read more

Energy investment treaty update fails to win over environmentalists

June 24 (Reuters) – Years-long talks over updating an international energy investment treaty ended on Friday with a provisional deal which would allow the exclusion of fossil fuels interests but not fast enough to silence environmental campaigners’ complaints that it undermines efforts to curb climate change. The 1994 Energy Charter Treaty (ECT) was conceived to … Read more

Fiat owner Stellantis to invest $ 52 mln in Vulcan Energy for 8% stake

The logo of Stellantis is seen on a company’s building in Velizy-Villacoublay near Paris, France, February 1, 2022. REUTERS / Gonzalo Fuentes Register now for FREE unlimited access to Reuters.com Register June 24 (Reuters) – Vulcan Energy Resources (VUL.AX) said on Friday Dutch automaker Stellantis NV (STLA.MI) would buy an 8% stake for A $ … Read more

German cartel office examining Apple’s tracking rules

A man looks at the screen of his mobile phone in front of an Apple logo outside its store in Shanghai, China July 30, 2017. REUTERS / Aly Song Register now for FREE unlimited access to Reuters.com Register BERLIN, June 14 (Reuters) – Germany’s cartel office is looking into Apple’s (AAPL.O) rules on tracking for … Read more

Pfizer to sell stake in GSK’s consumer health business after it lists

GSK said in February Pfizer would keep Haleon stake Haleon expected to list in London on July 18 GSK rebuffed Unilever’s 50 billion pound offer for Haleon LONDON, June 1 (Reuters) – Pfizer (PFE.N) plans to sell its 32% stake in Haleon, its consumer health venture with British drugmaker GSK (GSK.L), following the business lists … Read more

Chicago Bears build backfield speed and possibly depth

It’s never a bad idea to have a stable of running backs, as both last year and the 2020 season showed for the Bears. This was the tendency for the Green Bay Packers offense Bears offensive coordinator Luke Getsy coached under Matt LaFleur, whether it was Jamaal Williams or AJ Dillon or both as backups … Read more

T-Mobile launches 5G products to compete with Verizon, AT&T for business clients

A T-Mobile logo is seen on the storefront door of a store in Manhattan, New York, US, April 30, 2018. REUTERS / Shannon Stapleton Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, May 23 (Reuters) – T-Mobile (TMUS.O) on Monday launched a suite of 5G products to lure business clients and capture some … Read more

Money markets price in 50-50 chance of 50 bps July ECB hike

A symphony of light consisting of bars, lines and circles in blue and yellow, the colors of the European Union, illuminates the south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 30, 2021. REUTERS / Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register May 20 (Reuters) – Euro … Read more

Allianz to pay $ 6 bln in US fraud case, fund managers charged

NEW YORK / MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $ 6 billion and its US asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the US Department of Justice and … Read more

Deutsche Bank not financing controversial African oil pipeline, source says

The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS / Simon Dawson Register now for FREE unlimited access to Reuters.com Register FRANKFURT, May 15 (Reuters) – Deutsche Bank (DBKGn.DE) is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families … Read more