WASHINGTON, Reuters A group representing General Motors, Toyota Motor, Volkswagen and nearly all other major automakers on Monday sharply criticized the Biden administration proposal to drastically hike fuel efficiency requirements. The Alliance for Automotive Innovation said the National Highway Traffic Safety Administration39;s NHTSA Corporate Average Fuel Economy CAFE proposal was unreasonable and requested significant revisions. The industry […]

LONDON, Oct 17 Reuters Artificial intelligence should improve pensions performance by cutting costs and highlighting upcoming risks, the Mercer CFA Institute39;s global pensions report said on Tuesday, with the Netherlands in top spot in this year39;s index. Additional uses for AI could include building customised portfolios and identifying market anomalies, although AI was unlikely to […]

WELLINGTON, Oct 17 Reuters New Zealand39;s consumer inflation slowed to a twoyear low in the third quarter, reducing expectations that the central bank will hike the cash rate further in November and prompting a fall in the New Zealand dollar. Consumer prices rose 5.6 yearonyear in the third quarter, slower than the 6.0 increase in […]

LUXEMBOURG, Oct 17 Reuters A standoff between France and Germany over the future competitiveness of their industries will be the central point of discussion when EU energy ministers meet in Luxembourg on Tuesday, EU diplomats said. The European Commission proposed an overhaul of rules governing the bloc39;s electricity markets in March this year after Europe […]

LONDON, Oct 17 Reuters Growth in British workers39; regular pay which is being watched closely by the Bank of England slowed from a previous record high and job vacancies also dropped, official figures showed in a sign that the labour market is losing momentum. British average earnings, excluding bonuses, were 7.8 higher than a year […]

Change in tone comes as pressures grow Xi eyes Biden meeting in November in San Francisco China aims to deepen ties with global south HONG KONGWASHINGTON, Oct 17 Reuters China has been striking a softer tone in its dealings with the world recently, releasing an Australian journalist from prison, inviting the U.S. military to a […]