News

  Bloomberg Volkswagen AG is making progress settling US legal claims from its emission-cheating scandal, but one challenge looms unresolved: What to do with the hundreds of thousands of diesel cars it is being forced to buy back? The German automaker agreed last year to buy back about 500,000 diesels that it rigged to pass US emissions tests if it ...

  MONTPELIER / AP A request by the state of Massachusetts for a supply of clean, renewable electricity could give a boost to proposals to carry Canadian renewable energy to southern New England via proposed transmission lines in Vermont, New Hampshire and Maine. There are a handful of proposals across the three states designed to help energy-hungry states Massachusetts, Rhode ...

  WASHINGTON / AP Something new is happening in a health care debate dominated for seven years by the twists and turns of Barack Obama’s signature law. The focus has shifted to ideas from President Donald Trump and GOP lawmakers in Congress, and most people don’t like what they see. With Republicans in command, their health care proposals as currently ...

  Bloomberg A quarter of all miles driven in the US could be in shared, self-driving electric cars by the end of the next decade, setting off a seismic shift that will upend the auto industry, according to a study on the rise of the autonomous age. A convergence of three trends — ride sharing, autonomous driving and vehicle electrification ...

  Bloomberg Summer may be a few months away but oil investors are already getting their hopes up that American drivers will do their part to rebalance the market. Hedge funds increased bets on higher West Texas Intermediate crude prices for the first time in six weeks, shrugging off rising US supplies, as the coming driving season is expected to ...

  Bloomberg Egyptian consumer prices showed some signs of stability in March, signaling that the surge in inflation triggered by the central bank’s decision to abandon currency controls five months ago could be easing. Annual inflation in urban areas accelerated to 30.9 percent compared with 30.2 percent in February, according to data released by the official statistics agency, CAPMAS on ...

  Bloomberg China’s anti-graft agency is probing the nation’s top insurance offi- cial Xiang Junbo as the govern-ment steps up a bid to rein in financial risks amid an economic slowdown. Xiang, chairman of the China Insurance Regulatory Commission, is under investigation on suspicion of “severe” disciplinary violations, the Central Commission for Discipline Inspection said in a statement on its ...

  Bloomberg India, set to become the world’s largest steel producer after China, churned out a record amount in the year through March to feed rising local demand, while boosting exports to the highest ever. Output jumped 11 percent to 101.3 million metric tons and the nation was a net exporter for the first time in three years, doubling shipments ...

  Bloomberg BHP Billiton Ltd. is being targeted for an overhaul by occasional activist Elliott Management Corp., which urged the world’s biggest mining company to spin off about $22 billion of US oil assets and list them in New York. Elliott says BHP, which has two separate legal entities listed in Sydney and London that are run as one group, ...

  Bloomberg President Donald Trump took credit for Toyota Motor Corp. investing $1.33 billion in an existing US factory, championing spending by a Japanese automaker he’s blasted for building a plant in Mexico. The outlays in Georgetown, Kentucky, aren’t new — they’ve been in the works for years. But the way they’re being marketed is. Instead of emphasizing cost efficiency, ...