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Germany has become the second major European economy to use a multi-billion-euro recovery plan to spur clean driving, with incentives for electric cars that should boost Volkswagen (VOWG_p.DE) and Tesla (TSLA.O), while polluting SUVs face higher taxes. Berlin’s 130 billion Read more
Expectations that the global economy has dodged the worst-case scenarios for the coronavirus pandemic have led to a dramatic selloff in U.S. government bonds from their record highs, pushing the yield curve to its steepest level since March. Investors will Read more
Volkswagen (VOWG_p.DE) is resuming deliveries of its Golf 8 model after fixing a software glitch, a spokesman said on Thursday. The German automaker halted deliveries of the popular model last month after discovering the problem in the software, which enabled Read more
A massive Pennsylvania plastics project that President Donald Trump touted during a visit last year faces risks of oversupply and a low price outlook for the materials, a report by an institute that examines energy issues said on Thursday. The Read more
Shares of Slack Technologies (WORK.N) dipped 3% on Thursday ahead of the workplace communication platform’s quarterly report, pausing a three-month rally fueled by millions of people working from home due to the coronavirus. A top pick among traders betting on Read more
Oil prices were little changed in choppy trade on Thursday as investors awaited a decision from top crude producers on whether to extend record output cuts. The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a Read more
U.S. senators announced a bill on Thursday expanding sanctions on Russia’s Nord Stream 2 natural gas pipeline and targeting the project Washington says will boost Moscow’s economic and political influence in Germany and other European countries. The Protecting Europe’s Energy Read more