Mercedes joins forces with Bosch to develop self-driving taxis

Mercedes-Benz parent Daimler and supplier Robert Bosch are teaming up to develop self-driving cars in an alliance primarily aimed at accelerating the production of “robo-taxis.” The pact between the world’s largest maker of premium cars and the...

Rig firm Seadrill warns shares to have little value after restructuring

Rig firm Seadrill warned shareholders on Tuesday that their stock will lose almost all of its value as the Norwegian company prepares for potential bankruptcy proceedings to restructure $14 billion in debt and liabilities. Shares in what was once the crown jewel in...

Rig firm Seadrill warns shares to have little value after restructuring

Rig firm Seadrill warned shareholders on Tuesday that their stock will lose almost all of its value as the Norwegian company prepares for potential bankruptcy proceedings to restructure $14 billion in debt and liabilities. Shares in what was once the crown jewel in...

ABB closing in on Siemens top spot after B&R deal, says ABB CEO

Swiss engineering group ABB’s move to acquire Austrian automation group Bernecker + Rainer (B&R) will strengthen its number two position and bring it closer in line with market leader Siemens, CEO Ulrich Spiesshofer told CNBC. “We are strengthening our...

US tells companies not to overlook qualified Americans

The Trump administration has issued a stern warning to U.S. companies as they begin applying for coveted skilled-worker visas, cautioning that it would investigate and prosecute those who overlook qualified American workers for jobs. The message came on the opening...

Asos raises full-year sales forecast after strong first half

The company, which has more than 14 million active customers, said on Tuesday that full-year retail sales would rise by between 30 and 35 percent, up from its previous 25-30 percent guidance. It reported retail sales of 889.2 million pounds for the six months to...