PARIS (Reuters) – Europe’s autos industry could face fines of 15 billion euros ($17.4 billion) for carbon emissions due to slowing demand for electric vehicles, Renault CEO Luca de Meo said on Saturday. Automakers face tougher EU CO2 targets in 2025 as the cap on average emissions from new vehicles sales falls to 94 grams/km […]
US regulator approves BlackRock’s $12.5 billion deal for Global Infrastructure Partners
(Reuters) – The U.S. Federal Energy Regulatory Commission on Friday approved BlackRock’s $12.5 billion deal for Global Infrastructure Partners. Under the deal, which was announced earlier this year, BlackRock said it would pay $3 billion in cash and roughly 12 million BlackRock shares to acquire the asset management giant. BlackRock and Global Infrastructure Partners declined […]
New iPhone will use Arm’s chip technology for AI, FT reports
(Reuters) -Apple’s latest iPhone with its A18 chip, which is set to be unveiled at an event on Monday, has been developed using SoftBank-owned Arm’s newest V9 chip design, the Financial Times newspaper reported on Saturday. Apple is set to host its fall event on Sept. 9 at its headquarters in Cupertino, California, where it […]
China says its huge market is opportunity not threat to US
SHANGHAI (Reuters) – A modern China with a huge population is an opportunity, not a threat, for the United States, China’s Ministry of Commerce reported commerce vice minister Wang Shouwen as saying on Saturday as trade talks were held in the city of Tianjin. The talks, co-chaired by U.S. Under Secretary of Commerce for International […]