europe

VW forges U.S. deal arising from diesel emissions scandal

By Alexandria Sage and David Shepardson SAN FRANCISCO/WASHINGTON (Reuters) – Volkswagen AG, driving to move beyond a scandal that has disrupted its global business and sullied its reputation, announced a sweeping…

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VW forges U.S. deal arising from diesel emissions scandal

europe

China factories scent hint of spring, Europe still chilly

By Jonathan Cable and Wayne Cole LONDON/SYDNEY (Reuters) – Activity in China's vast factory sector grew for the first time in nine months during March to bring a hint of spring to the global economy, although growth remained weak in …

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China factories scent hint of spring, Europe still chilly

europe

Warren Buffett defends 3G, touts economy in record year for Berkshire

Warren Buffett on Saturday used his annual letter to Berkshire Hathaway Inc shareholders to launch vigorous defenses of an aggressive private equity partner and a maligned mobile home unit, as his…

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Warren Buffett defends 3G, touts economy in record year for Berkshire

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Post-Dieselgate, Volkswagen retools itself for faster ride

The biggest engineering feat on display when Volkswagen unveils its new concept car on Tuesday will be the team developing it: a post-Dieselgate management system crafted to operate faster, cheaper and with a lighter grip on the wheel. Last year's scandal over …

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Post-Dieselgate, Volkswagen retools itself for faster ride

europe

Canadian love affair with Manhattan real estate seen unabated

By Allison Lampert MONTREAL (Reuters) – Canadian investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year, with …

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Canadian love affair with Manhattan real estate seen unabated

europe

BlackBerry cuts 200 jobs in Ontario and Florida to trim costs

BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. “As BlackBerry continues to execute its turnaround plan, we remain focused on driving efficiencies across our global workforce,” the company said in an emailed statement. The layoffs will affect

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BlackBerry cuts 200 jobs in Ontario and Florida to trim costs

europe

U.S. labor market on solid ground as jobless rate hits eight-year low

U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm. Non-farm payrolls increased by 151,000 jobs and the unemployment rate slipped one-tenth of a

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U.S. labor market on solid ground as jobless rate hits eight-year low

europe

China says EU should take steel dumping claims to WTO

China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel. WTO members should fulfill their treaty obligations and stop using “surrogate countries” to pursue anti-dumping claims, a Ministry of Commerce spokesman said, according to a statement released on the ministry's website on Saturday. The EC is set to impose provisional duties later this month of up …

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China says EU should take steel dumping claims to WTO

europe

Hedge funds betting against China eye ‘Soros moment’

By Patrick Graham LONDON (Reuters) – A handful of mainly U.S.-based macro hedge funds have led bets against China's yuan since late last year and the coming weeks should tell how right they are in predicting a devaluation…

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Hedge funds betting against China eye ‘Soros moment’

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Desperate in Davos: policymakers struggle for answers

By Noah Barkin DAVOS, Switzerland (Reuters) – Angela Merkel was missing from Davos this year, but the German leader's optimistic mantra “we can do this” echoed through the snowy resort in the Swiss Alps. Beneath the veneer of can-do optimism at the World Economic Forum, however, was a creeping concern that the politicians, diplomats and central bankers who flock each year to this gathering of the…

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Desperate in Davos: policymakers struggle for answers

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