Bloomberg General Motors Co. mitigated the effects of significant production cuts it warned were coming by boosting sales of SUVs now and selling Wall Street on the technological transformation it’s making for the future. The automaker led by Chief Executive Officer Mary Barra reported adjusted profit of $1.32 a share for the quarter ended last month, beating the $1.11 average ...

Bloomberg Volkswagen AG and Daimler AG were inspected by European Union antitrust investigators as the EU stepped up a probe into allegations the German car industry colluded on technology for decades. Just days after raiding BMW AG, EU antitrust officials visited Volkswagen’s Wolfsburg headquarters and its Audi unit’s offices in Ingoldstadt “as part of an announced review,” VW said in ...

Bloomberg Initial shipments of Apple Inc.’s new iPhone X will total 20 million units this year, Japanese news service Nikkei reported, without saying how it got the information. That is only about half the total number analyst Ming-Chi Kuo from KGI Securities had forecast the company would be able to ship in 2017. Apple shares fell 1 percent in Frankfurt ...

Bloomberg California’s battle against climate change is being fought more fiercely in fast food restaurants than in Tesla Inc.’s car factory in Fremont. Seven years after the Golden State began offering credits to producers of low-carbon fuels, cities and companies across California are using diesel brewed from fats and oils to fuel everything from fire trucks to United Parcel Service ...

Bloomberg The US moved to impose more import duties on biodiesel from Argentina and Indonesia, after finding the fuel is being sold below fair market value. The US Commerce Department set preliminary import duties of as much as 70.05 percent on Argentine imports and set a 50.71 percent rate on biodiesel from Indonesia. “The Trump administration is committed to both ...

Bloomberg The US is considering new sanctions on Myanmar after nearly a million Rohingya Muslims fled the Southeast Asian nation’s Rakhine state to neighbouring Bangladesh. In a statement, US State Department spokeswoman Heat-her Nauert said that since August 25, the US had ceased cons-ideration of JADE Act travel waivers for current and former Myanmar military leaders, and was assessing further ...

Bloomberg The US and China were both open to joining separate maritime drills with Southeast Asian nations as early as next year, Singapore Defense Minister Ng Eng Hen said. Speaking on the sidelines of Association of Southeast Asian Nations defense ministers meeting, Ng said China Defense Minister Chang Wanquan and US Defense Secretary James Mattis both welcomed the chance to ...

LONDON / Reuters There is absolutely no doubt that a deal between Western powers and Iran to curb its nuclear programme will survive despite the US decision not to recertify the deal, Britain’s foreign minister Boris Johnson said. Johnson was giving a speech on foreign affairs in London. US President Donald Trump broke ranks with other major powers earlier this ...

Bloomberg Whether or not Chinese President Xi Jinping signals a successor on Wednesday, he’s amassed enough power to effectively rule for decades. The Communist Party approved a sweeping charter revision at the end of its twice-a-decade congress on Tuesday that elevates Xi to a status alongside the nation’s most vaunted political figures. The document put Xi’s contributions on par with ...

Bloomberg With Sunday’s victory in legislative elections, President Mauricio Macri received the green light from Argentines to press ahead with his reform agenda – and the prospect of another six years to carry it out. The ruling alliance won in 13 of Argentina’s 24 provinces, including the five largest, in mid-term elections that were seen as a barometer of voter ...