(Bloomberg) - Volkswagen AG's namesake brand is entering the car-sharing market with an electric-only offering more than a decade after operators like U.S.-based Zipcar and Daimler's Car2Go started their services.As the German manufacturer outlined its plans, it also raised the possibility battery-car sales under the VW brand could be "far more" than the over 1 million vehicles it said it would se...Read More

With the decline in car ownership for young people and the increased interest in all-electric vehicles, VW is announcing a new all-electric car-sharing platform called 'WE' that will la...Read full newsRead More

   •  Technical buying above a short-term descending trend-channel helped build on overnight goodish rebound from fresh YTD lows and move past 23.6% Fibonacci retracement level of the $1309.30-$1237.97 recent downfall.    •  A modest pickup in the USD demand caps any further up-move, albeit positive short-term technical indicators suggest dip-buying interest...Read More

WASHINGTON/SEOUL (Reuters) - The United States appears to have shelved an “all or nothing” approach to North Korean denuclearization as U.S. Secretary of State Mike Pompeo prepares to head back to North Korea this week hoping to agree a roadmap for its nuclear disarmament.Pompeo will spend a day and a half in North Korea on Friday and Saturday on what will be his third trip to the coun...Read More

BEIJING (Reuters) - U.S. automaker General Motors Co (GM.N) said on Wednesday its second-quarter sales in China increased 0.7 percent to 858,344 vehicles compared with the same period a year ago.However, the second-quarter growth rate of vehicle sales in China eased compared with the January-March quarter, which saw an increase of 8 percent. The slowdown was mainly due to lean sales of Buick brand...Read More

LONDON (Reuters) - British officials are expected to meet later on Wednesday to discuss the case of two people whose possible poisoning is being investigated by counter-terrorism police, a spokesman for Prime Minister Theresa May said.The pair were found in critical condition from suspected exposure to an unknown substance near the southwestern English city of Salisbury where a former Russian spy...Read More

Merkel struck a deal this week with her Bavarian allies to limit migrant entries through the border with Austria but she still needs to secure support from her Social Democrat (SPD) junior coalition partners.“I can’t promise that there won’t be disputes again about other issues, as this is usual when a government includes three parties,” Merkel told ARD television when aske...Read More

LONDON (Reuters) - World stocks were flat on Wednesday amid growing anxiety ahead of Washington’s end of week deadline to impose tariffs on Chinese imports, while the yuan steadied after China’s central bank acted to calm investors.The MSCI All-Country World index, which tracks shares in 47 countries, was lower by less than 0.1 percent on the day, recovering slightly from a 0.2 percent...Read More

ABUJA, July 4 (Reuters) - Nigeria will offer a 12.7 billion naira ($41.6 million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday, adding both foreign and local firms were encouraged to participate.Nigeria's economy, one of Africa's largest, has been built largely on its rich crude oil reserves, leaving other sectors to stagnate....Read More

HELSINKI (Reuters) - Uber Technologies [UBER.UL] will re-start its ride-hailing business in Finland on Wednesday after a one-year pause, it said, seeking to benefit from the country’s transport law reform.The U.S. company has come under pressure from traditional taxi drivers and regulators across Europe, who accuse it of unfair competition and skirting traditional licensing rules.In Finland,...Read More

ANKARA (Reuters) - Turkish President Tayyip Erdogan won 52.59 percent of votes in the June 24 presidential elections, broadcaster CNN Turk said, citing official results from Turkey's High Electoral Board.The main opposition's candidate Muharrem Ince won 30.64 percent, while the jailed candidate of the pro-Kurdish opposition, Selahattin Demirtas, won 8.40 percent of votes, CNN Turk said.In the parl...Read More

Indians' love affair with gold is cooling.Imports slumped more than 25 per cent to 54 metric tons in June from a year earlier, a person familiar with the information said, asking not to be identified as the figures aren't public. Overseas purchases plunged 40 per cent to 343 tons in the first half from a year ago, according to data from Finance Ministry officials compiled by Bloomberg.Buying has b...Read More

FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) plans to start offering car sharing services using fully electric vehicles in German cities next year as part of efforts to serve consumers who don’t want to buy their own vehicles.Its offering will compete in its home market with DriveNow and Car2Go, the soon-to-be-merged carsharing services of BMW (BMWG.DE) and Daimler (DAIGn.DE).Volkswagen said...Read More

BAGHDAD (Reuters) - Turkey could find itself in a quagmire if it deepens its involvement in Syria’s multi-sided civil war, a U.S. senator said on Wednesday after meeting President Tayyip Erdogan this week.Lindsey Graham, a Republican member of the Senate Armed Services Committee, told Reuters on a visit to Baghdad that Turkey should support a continued U.S. presence in Syria.Turkey has launc...Read More

SANAA (Reuters) - Yemen’s warring parties have offered “concrete ideas” to achieve peace, U.N. envoy Martin Griffiths said on Wednesday after meeting Iran-aligned Houthi leaders in the capital Sanaa.Griffiths has been conducting shuttle diplomacy in search of a political solution that would avert an all-out military assault on the Houthi-held port city of Hodeidah by a Saudi-led...Read More

Shares in Canada's Nautilus Minerals (TSX:NUS), one of the world's first seafloor miners, were hit hard on Wednesday after the owner of the shipyard where the company's support vessel is being made said it had cancelled the contract with the supplier chosen by Nautilus to build its ships.Fujian Mawei Shipbuilding's decision came as the supplier chosen by Nautilus to build its ships failed to pay t...Read More

The impact of America’s historic tax cuts passed in December will befelt in the second quarter, according to economists from CIBC World Markets.The bank expects U.S. second quarter growth to exceed 4%. “While theremainder of the year won’t look as hot, expected strength in business capitalspending will be enough to propel 2018 just under 3% growth,” the analysts say.However...Read More

Shares in Canada's Nautilus Minerals (TSX:NUS), one of the world's first seafloor miners, were hit hard on Wednesday after the owner of the shipyard where the company's support vessel is being made said it had cancelled the contract with the supplier chosen by Nautilus to build its ships.Fujian Mawei Shipbuilding's decision came as the supplier chosen by Nautilus to build its ships failed to pay t...Read More

Shares in Canada's Nautilus Minerals (TSX:NUS), one of the world's first seafloor miners, were hit hard on Wednesday after the owner of the shipyard where the company's support vessel is being made said it had cancelled the contract with the supplier chosen by Nautilus to build its ships.Fujian Mawei Shipbuilding's decision came as the supplier chosen by Nautilus to build its ships failed to pay t...Read More

The impact of America’s historic tax cuts passed in December will be felt in the second quarter, according to economists from CIBC World Markets. The bank expects U.S. second quarter growth to exceed 4%. “While the remainder of the year won’t look as hot, expected strength in business capital spending will be enough to propel 2018 just under 3% growth,” the analysts say. Ho...Read More