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Stellantis to recall nearly 113,000 US vehicles, NHTSA says

(Reuters) -Chrysler-parent Stellantis is recalling 112,859 U.S. vehicles over possible engine failure or compartment fire, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. The NHTSA pointed to debris inside the engine as a cause but did not offer more details. The U.S. automaker ...
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Dubai Airshow to showcase Western jet orders as China debuts competitor

By Tim Hepher, Ahmed Elimam and Federico Maccioni DUBAI (Reuters) -Aircraft delays, China's ambitions to dethrone Airbus and Boeing, and geopolitical tensions will vie for attention with new jet orders at next week's Dubai Airshow. U.S. President Donald Trump's tour of the Gulf in May, which ...
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S&P lowers Nissan’s rating to BB- from BB

TOKYO (Reuters) -S&P Global Ratings said on Friday it has downgraded its rating of Nissan Motor's credit by one notch on continuing pressure on its profitability, while taking a negative view of the outlook for the Japanese automaker. The credit-rating firm cut its long-term rating ...
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Swiss machine maker feels heat from auto sector slowdown, Trump’s tariffs

By Dave Graham UTZENSTORF, Switzerland (Reuters) -Norbert Steuer, a logistics worker at Swiss precision machinery maker K.R. Pfiffner, has been at the firm for over three decades. Now he is one of 80 out of 105 staff due to be let go as it reels ...
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Google offers EU to change adtech policy, no divestment

By Foo Yun Chee BRUSSELS (Reuters) -Alphabet's Google has offered to make it easier for publishers and advertisers to use its online advertising technology, defying EU antitrust regulators' call for it to sell part of the business to address conflicts of interest. Regulators on both sides ...
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JPMorgan expands in Dubai in global midcap push

By Tom Sims FRANKFURT (Reuters) -The U.S. bank JPMorgan has expanded in Dubai as part of a broader push to grow and do more business with medium-sized companies in the Middle East and beyond, an executive told Reuters. The move, which has not yet been reported, ...
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Data ‘fog’ has some investors groping for the exit

By Lewis Krauskopf and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. shutdown has ended but the hangover is just beginning for investors, who worry gaps in economic data will delay or even derail Federal Reserve rate cuts at a delicate moment for the stock market. Concern ...
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Cartier-owner Richemont rides out tariffs, high gold prices with sales beat

By John Revill ZURICH (Reuters) -Cartier-owner Richemont reported on Friday quarterly sales that were well ahead of forecasts as the luxury group said it had navigated "unprecedented" global headwinds marked by currency movements, rising gold prices and U.S. tariffs. The United States and Switzerland have edged ...
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BYD shifts away from in-house payment system that strained suppliers, sources say

(Reuters) -China's BYD has told some suppliers it wants to stop using in-house financial notes to pay them, people briefed on the matter said - a seismic shift away from a practice that helped power its rise but has been criticised for disadvantaging its ...
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Singapore Airlines CEO says not expecting major impact from Boeing 777-9 delay

SINGAPORE (Reuters) -Singapore Airlines is not expecting a major impact from the delay in delivery of Boeing 777-9 planes, CEO Goh Choon Phong said on Friday. "SIA has always built in flex in our fleet plan. So in this case, even with the delay, we ...
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China’s economy jolted by weakest factory output, retail sales growth in over a year

By Joe Cash BEIJING (Reuters) -China's factory output and retail sales grew at their weakest pace in over a year in October, piling pressure on policymakers to revamp the $19 trillion export-driven economy as a trade war with the U.S. and weak domestic demand heighten ...
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Oil rises 2% after Ukrainian attack damages Russian oil depot

By Sam Li and Siyi Liu (Reuters) -Oil prices jumped about 2% on Friday on supply fears after a Ukrainian drone attack hit an oil depot in the Russian Black Sea port of Novorossiysk, a major export hub. Brent crude futures rose $1.24, or 1.97%, to ...
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