By Daniel Leussink TOKYO (Reuters) -Toyota Motor’s Daihatsu unit will halt shipments of all of its vehicles, Japan’s biggest automaker said on Wednesday, after a safety scandal investigati[...]
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December 20, 2023
Germany to seize more than $790 million from Russian financial group
By Sarah Marsh BERLIN (Reuters) – Prosecutors in Germany said on Wednesday they would move to confiscate more than 720 million euros ($790 million) from the Frankfurt bank account of a Russian f[...]
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Automakers oppose US bid to force recall of 52 million air bag inflators
By David Shepardson WASHINGTON (Reuters) -Major automakers including General Motors, Toyota Motor and Volkswagen and two air bag makers said on Tuesday they oppose the U.S. auto safety regulator[...]
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FDIC-run Signature Bridge Bank sells 20% stake in entity holding $9 billion CRE portfolio
(Reuters) – The Federal Deposit Insurance Corporation, as the receiver of the failed Signature Bank, said on Wednesday it has sold a 20% equity stake in the entity that holds a $9 billion real e[...]
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Uber to raise minimum wage for drivers in France
(Reuters) – Uber Technologies will raise the minimum wage it pays drivers in France as part of a wider agreement between ride-hailing companies and driver representatives in the country, the com[...]
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Panasonic says Oklahoma no longer candidate for new battery plant
TOKYO (Reuters) -Panasonic Energy, a unit of Panasonic Holdings, said on Wednesday Oklahoma was no longer a candidate for a new electric vehicle battery plant in the United States. The decision by the[...]
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Shipping container price surge to reverse due to overcapacity -logistics platform
By Divya Chowdhury MUMBAI (Reuters) – Higher prices for containers used by merchant ships caused by attacks on Red Sea shipping are likely to fall back in three to nine months to levels seen in[...]
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Panel to review US air traffic controller fatigue after near-miss incidents
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration on Wednesday said it is naming a panel of experts led by a former safety board official to address air traffic controller[...]
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Australian court fines Airbnb over misleading accommodation pricing
(Reuters) -The Australian Federal Court has ordered Airbnb to pay A$15 million ($10.1 million) in penalties and up to A$15 million in compensation after the vacation rental firm admitted that it misle[...]
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