VW’s profitability may take a hit from electric vehicle shift

VW’s profitability may take a hit from electric vehicle shift

A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst February 23, 2018 By Andreas Cremer BERLIN (Reuters) – Volkswagen <VOWG_p.DE> said profitability could take a hit this year as the carmaker invests billions of euros in electric vehicles (EVs) and launches a raft of new models. Europe’s largest automotive group, which reported record 2017 earnings on…

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Canadian police charge suspected serial killer with sixth murder

Canadian police charge suspected serial killer with sixth murder

FILE PHOTO: Bruce McArthur, a 66-year-old freelance landscaper who was accused by Toronto police January 29, 2018 of murdering five people and putting their dead bodies in large planters on his clients’ properties, appears in a photo posted on his social media account. Facebook/Handout/File Photo via REUTERS. February 23, 2018 TORONTO (Reuters) – Toronto police said on Friday that they have charged Bruce McArthur with a sixth murder, expanding the number of deaths blamed on…

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BMW to recall 11,700 cars after installing wrong engine software

BMW to recall 11,700 cars after installing wrong engine software

FILE PHOTO: A car with the BMW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst February 23, 2018 FRANKFURT (Reuters) – German car maker BMW <BMWG.DE> said on Friday it would recall 11,700 cars to fix their engine management software after it discovered that the wrong software had been installed on its luxury 5- and 7-Series models. “The BMW Group found…

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Dockless bike share pioneer Gobee quits Paris

Dockless bike share pioneer Gobee quits Paris

February 23, 2018 By Geert De Clercq PARIS (Reuters) – Hong Kong startup Gobee.bike, the first of a wave of Asian dockless bike share operators that launched in Paris last year, has halted operations in the French capital, industry sources said on Friday. Gobee’s green bikes have virtually disappeared from the streets in the past few days and its mobile phone app was inactive in the past few days. Gobee did not respond to requests…

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U.S. expected to open embassy in Jerusalem in May, official says

U.S. expected to open embassy in Jerusalem in May, official says

A general view of Jerusalem’s Old City shows the Western Wall, Judaism’s holiest prayer site, in the foreground as the Dome of the Rock, located on the compound known to Muslims as Noble Sanctuary and to Jews as Temple Mount, is seen in the background January 22, 2018. REUTERS/Ammar Awad February 23, 2018 WASHINGTON (Reuters) – The United States is expected to open its embassy to Israel in Jerusalem in May, a U.S. official told…

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Dollar edges higher as bears grow wary; euro slips

Dollar edges higher as bears grow wary; euro slips

FILE PHOTO: Photo illustration of Euro banknotes at a bank in Seoul, South Korea, June 18, 2012. REUTERS/Lee Jae-Won/Illustration/File Photo February 23, 2018 By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar edged higher against a basket of major currencies on Friday, extending its recovery from a three-year low last week, as the potential for a more aggressive U.S. Federal Reserve prompted investors to pare bearish bets against the greenback. The dollar index <.DXY>,…

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Trump to announce new sanctions against North Korea as South prepares for talks

Trump to announce new sanctions against North Korea as South prepares for talks

FILE PHOTO: Kim Yong Chol speaks during an emergency briefing for diplomats basing in North Korea, in Pyongyang August 21, 2015, in this photo released by Kyodo. Mandatory credit REUTERS/Kyodo February 23, 2018 By Christine Kim and Steve Holland SEOUL/WASHINGTON (Reuters) – The United States is due to announce its largest package of sanctions against North Korea to pressure the reclusive country into giving up its nuclear and missile programs, as South Korea readies itself…

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Curling: South Korea edge out Japan to reach final

Curling: South Korea edge out Japan to reach final

Curling – Pyeongchang 2018 Winter Olympics – Women’s Semi-final – South Korea v Japan – Gangneung Curling Center – Gangneung, South Korea – February 23, 2018 – South Korea players celebrate after winning. REUTERS/John Sibley February 23, 2018 By Steve Keating GANGNEUNG, South Korea (Reuters) – South Korea secured their first Olympic curling medal with a nail-biting 8-7 extra-ends win over arch-rivals Japan in the women’s semi-finals on Friday to set up a showdown with…

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Citigroup discloses credit card rate issues

Citigroup discloses credit card rate issues

FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren February 23, 2018 NEW YORK (Reuters) – Citigroup Inc <C.N> said on Friday that it had found “methodological issues” in figuring credit card interest rates and that it will provide “remediation” to affected customers. The disclosure came in an annual filing with the U.S. Securities and Exchange Commission and did…

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Numbers starting to add up for Tesla trucks: DHL executive

Numbers starting to add up for Tesla trucks: DHL executive

FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors’ new showroom in Manhattan’s Meatpacking District in New York City, U.S., December 14, 2017. REUTERS/Brendan McDermid February 23, 2018 By Ankit Ajmera (Reuters) – The numbers behind Tesla Inc’s <TSLA.O> long-distance Semi electric trucks are close to making sense for hauliers looking at a shift away from diesel that may save them tens of thousands of dollars a year, according to an…

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