Category: Business

U.S. auto safety regulators in April 2021 asked Tesla Inc (TSLA.O) about incidents involving its cars striking parked emergency vehicles while using Autopilot months before it opened a formal probe, according to a letter recently made public. The National Highway Traffic Safety Administration (NHTSA) sent Tesla an eight-page letter seeking a meeting and answers “to […]

The U.S. Securities and Exchange Commission (SEC) said on Tuesday that it has charged Egan-Jones Ratings Co. and its chief executive with conflict of interest violations. Without admitting or denying the SEC’s charges, the Pennsylvania credit ratings firm will pay a $1.7 million penalty and more than $146,000 in disgorgement and interest to settle the […]

Carmaking partners Renault (RENA.PA) and Nissan (7201.T) face legal action in France from customers who have suffered problems with some engines made between 2012 and 2016. Christophe Lèguevaques, a lawyer for the MyLeo legal platform involved in the lawsuit, said the companies had just been notified of the group action representing some 1,100 people. He […]

Kellogg Co (K.N) on Tuesday became the latest U.S. corporation to announce a splitting of its business. The company said it would spin off its North American cereal and plant-based foods divisions to focus on expanding its snack business.

L’Oreal (OREP.PA) chief executive Nicolas Hieronimus said he remained confident about the outlook for the beauty industry with consumers continuing to want to indulge despite the global economy becoming “even more complicated.” “The Carpe Diem of the moment really trumps inflation,” the head of the world’s largest cosmetics company told the Consumer Goods Forum’s Global […]

The Russian rouble jumped to a seven-year high against the dollar and euro on Moscow Exchange on Tuesday, supported by capital controls and the prospect of favourable month-end tax payments. By 1423 GMT, the rouble was 2.1% stronger against the dollar at 54.44 . It earlier touched 54.20 per dollar, its strongest mark since June […]

The Japanese yen plunged against the U.S. dollar on Tuesday to its lowest since October 1998, as the Bank of Japan’s ultra-loose monetary policy was in stark contrast to an aggressive Federal Reserve determined to stamp out soaring inflation. The yen dropped to a new 24-year low of 136.455 per dollar , extending losses which […]