News

  Bloomberg Fiat Chrysler CEO Sergio Marchionne is considering adding full electric vehicles to the carmaker’s line-up including the Maserati Alfieri sportscar and a small city car. “I’ve always thought the economic model that supports Tesla is something that Fiat Chrysler could replicate as we have the brand and the vehicles to do it,” Marchionne told Bloomberg Television in Venice. ...

  Paris, France / AFP Three mega-mergers in the agrochemical sector, including Bayer and Monsanto, have raised concerns among farmers who fear higher prices and consumers for more genetically-modified food. Even before Bayer successfully woos US-based Monsanto, German civil society has erupted in protest against a national champion acquiring a producer of genetically-modified seeds and Roundup, the world’s leading but also ...

  AFP President Barack Obama and the first family celebrated America’s cherished natural heritage Saturday during a weekend tour marking the 100th anniversary of the nation’s vaunted national park system. Obama, also using the occasion to tout his environmental record, is the first sitting president since John F. Kennedy in 1962 to visit California’s Yosemite National Park. Obama has made ...

  Bloomberg Brazil’s federal government has agreed to provide emergency funding to Rio de Janeiro state after the host of this year’s summer Olympics declared an emergency as it runs short of cash weeks before the start of the games, O Globo reported. Acting President Michel Temer’s administration will ask Congress to authorize a one-time payment of 2.9 billion reais ...

  Bloomberg Canadian Solar Inc., the world’s second-largest solar manufacturer, is building its first plant in Brazil. The facility in Sorocaba, in the state of Sao Paulo, will be able to assemble about 350 megawatts of panels a year, according to Wladimir Janousek, general manager of the company’s Brazil unit. The Guelph, Canada-based solar company is expected to announce that ...

  Bloomberg Brazil has rejected requests from developers seeking more time to complete the country’s first large-scale solar farms, according to two people involved in the matter. The country’s energy regulator Aneel sent a statement to a group of solar developers that have committed to completing solar farms by 2017, denying their request for extensions of as long as two ...

  Bloomberg U.S. energy regulators fined trading firm Etracom LLC $2.4 million for engaging in a scheme to rig the California power market. Etracom, a trading company formed in 2008, violated anti-manipulation rules in May 2011 when traders artificially drove down power prices at a point on the grid in eastern central California to reap profits, the Federal Energy Regulatory ...

  Bloomberg Carmike Cinemas Inc. shareholders should vote against the proposed $1.1 billion takeover of the movie theater company by AMC Entertainment Holdings Inc., shareholder advisory firm Glass Lewis & Co. recommended in a note. Shareholders should vote against a proposal to approve the takeover as well as payouts to executives and authorization to adjourn a special meeting to give ...

    Dubai / Emirates Business NRS International, a Dubai-based family-run company that develops and manufactures products for the humanitarian aid, public health and development sectors, published the results of a survey which gauged the level of humanitarianism amongst UAE residents. NRS International sold 42 million relief essentials to UN and aid agencies to alleviate the suffering of 75 million ...

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) on Sunday announced a partnership with Europcar, the world-leading provider of vehicle rental services, to offer enhanced mobility to visitors of Abu Dhabi National Exhibition Centre (ADNEC). Under the agreement signed between Humaid Matar Al Dhaheri, Acting Group CEO of ADNEC and Mohammed Shabeeb Mohammed Hilal Al Dhaheri, ...