Bloomberg The National Highway Traffic Safety Administration (NHTSA) is investigating whether faulty suspension parts on nearly 115,000 Tesla Inc cars can result in damage to the tires. The agency said it received 43 complaints about 2015 through 2017 Tesla Model S and 2016 through 2017 Model X vehicles. NHTSA said 32 of the complaints involve failures that occurred during parking ...

Bloomberg England’s luxury stores will have more than Christmas sales to worry about when they reopen next week. Many fear a planned tax change related to Brexit could hurt business even more than Covid-19 lockdowns. Retailers are calling on UK Finance Minister Rishi Sunak to reverse a decision to abolish a perk for shoppers from China, the Middle East, the ...

Bloomberg Volkswagen AG is accelerating development of a compact electric car that will cost less than 30,000 euros ($35,800) as tightening emissions rules and generous subsidies bolster sales of battery-powered vehicles, according to people familiar with the matter. The VW-branded car may be introduced as early as 2023, flanking the ID.5 crossover to be sold from next year as well ...

Bloomberg Foxconn Technology Group will move the manufacturing of some Apple Inc iPads and MacBooks to Vietnam from China, a person familiar with the matter said, as the company aims to mitigate the risk that a trade war with the US could continue after US President Donald Trump leaves the White House. The person asked not to be identified because ...

Bloomberg The UK government approved plans for a separate regulatory program for companies including Facebook Inc and Google, saying the new competition unit would be given powers to impose fines to rein in the dominance of the largest tech companies. The Digital Markets Unit will be housed inside the antitrust regulator from April, with powers to enforce a new code ...

Bloomberg Facebook Inc will be making payouts to only about a quarter of the 6 million Illinois residents eligible for the biggest consumer privacy settlement in US history. Based on a tally filed in court after claims deadline, some 1.57 million people will probably pocket more than $300 each — after about a third of the $650 million settlement fund ...

ABU DHABI / WAM Abu Dhabi’s Emergency, Crisis and Disasters Committee for Covid-19 pandemic has approved special measures for participants in the Phase III clinical trials of the Covid-19 vaccine or the National Vaccination Programme for emergency use. The special measures apply to participants in the vaccine trial immediately after their first dose. They apply to participants in the National ...

DUBAI / WAM Emirates has announced it completed an intensive programme to clear its backlog of refund requests which was caused by pandemic-related travel disruption. Over the seven-month period starting April, Emirates received, validated and processed nearly 1.7 million refund requests. This resulted in the airline returning AED6.3 billion refunds to its customers. Of this sum, AED4.7 billion was refunded ...

ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and Yousef Mohammed Ali, Director of the President’s Office and Acting Minister of Defence of the Union of the Comoros, on Wednesday signed a Memorandum of Understanding (MoU), via video conferencing, on joint cooperation in the defence and military fields. Al Bawardi said that the ...

Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority, ADAFSA, has launched the “Agricultural Registry” project to build an accurate and comprehensive database for the agricultural sector in the Abu Dhabi Emirate. It will help estimate local production, update farm and farm owners’ data, and link such data directly to the databases of Abu Dhabi Digital Authority ...