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FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Thursday denied a media report which suggested that the German carmaker was interested in buying a stake in United States electric car manufacturer Tesla. “The speculation about buying a stake in Tesla made by Manager Magazin is without merit,” a Volkswagen spokesman said in a written statement to Reuters. Source: Read Full Article
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BERLIN (Reuters) – Both German industrial output and exports fell more than expected in April, data showed on Friday, highlighting the vulnerability of Europe’s largest economy to headwinds from trade frictions and Brexit uncertainty. Industrial output declined by 1.9% on the month, data from the Statistics Office showed. That was the sharpest drop since August 2015 and came as factories […]
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German authorities have carried out raids on eight individuals and 11 banks in an investigation of suspected tax evasion stemming from the leaked Panama Papers. News agency dpa reported that Frankfurt prosecutors said Wednesday's raids in various parts of Germany also targeted the offices of four tax advisers. The wealthy individuals are suspected of setting up letter-box companies via a […]
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British Prime Minister Theresa May, right, walks away after speaking with the media after she arrives for an EU summit at the Europa building in Brussels, Wednesday, April 10, 2019. European Union leaders meet Wednesday in Brussels for an emergency summit to discuss a new Brexit extension. (AP Photo/Olivier Matthys) The Latest on Britain's departure from the European Union (all […]
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File – In this Friday, March 29, 2019 file photo, students attend a protest rally of the ‘Friday For Future Movement in Berlin, Germany. A group that has helped organize weekly student protests in Germany against climate change is calling for the country’s phase-out of coal-fired power plants to be sped up. (AP Photo/Markus Schreiber) Young German activists who have […]
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FRANKFURT (Reuters) – Daimler and BMW are looking to limit their planned cooperation to jointly produce an affordable electric car in China, German daily Sueddeutsche Zeitung reported on Wednesday. Daimler and BMW declined to comment. Last month, news reports said that BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that […]
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Anti-Brexit demonstrators wave EU flags on a bus driving by Parliament Square in Westminster, London, Friday, March 29, 2019. Pro-Brexit demonstrators were gathering in central London on the day that Britain was originally scheduled to leave the European Union. British lawmakers will vote Friday on what Prime Minister Theresa May’s government described as the “last chance to vote for Brexit.” […]
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The German government's panel of independent economic advisers has nearly halved its growth forecast for this year and is now predicting that the German economy will grow by only 0.8 percent. In a regular update, the panel cut its 2019 forecast from the previous 1.5 percent and said growth should accelerate next year to 1.7 percent. Continue Reading Below The […]
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FRANKFURT (Reuters) – BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that could save each carmaker at least 7 billion euros ($7.91 billion), Sueddeutsche Zeitung and Auto Bild said on Thursday. The two premium carmakers already have a joint procurement program and recently extended their alliance to include development of […]
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WASHINGTON (Reuters) – The U.S. Treasury said on Wednesday it was extending by four months the deadline for investors to divest from Russian automaker GAZ, a company linked to Russian tycoon Oleg Deripaska that Washington sanctioned over Russia’s “malign activity.” The Treasury’s Office of Foreign Assets Control said in a statement that it would allow investors and businesses until July […]
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