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630,000 cars to be recalled in Europe

  Berlin /AP Five German automakers have agreed to recall a total of 630,000 diesel vehicles in Europe following an investigation into their emissions levels, officials said. Germany’s transport minister, Alexander Dobrindt, identified the companies concerned as Mercedes, Opel Volkswagen and its subsidiaries Audi and Porsche. The move followed a probe of 53 models by Germany’s Federal Motor Transport Authority ...

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France’s EDF to decide on UK nuclear project in September

  Paris / AFP France’s energy giant EDF will give the final green light to the controversial construction of two nuclear reactors at Hinkley Point in Britain in September, Economy Minister Emmanuel Macron said on Sunday. French President Francois Hollande “has confirmed France’s engagement” in the project, and “the final decision on investment could be confirmed in September”, Macron said in ...

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Sovereign-debt debate divides EU as Schaeuble pushes for limits

  Bloomberg European Union finance ministers split over whether to impose restrictions on banks’ holdings of government bonds, as German Finance Minister Wolfgang Schaeuble found scant support from skeptical colleagues for his push to overhaul existing rules. The Netherlands, which holds the EU’s rotating presidency, laid out five options for tackling the risks posed by banks’ state-debt pile for the ...

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