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'Hostage-taking': Democrats reject Trump's offer to end shutdown

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Donald Trump has offered to extend temporary protection for people brought to the US illegally as children in a bid to end the government shutdown. The US president said he wanted to “break the logjam” but stuck to his demand for $5.7bn (£4.5bn) to fund his proposed wall on the US-Mexico border. He offered to Read More

EU curbs steel imports until 2021 to counter US trade policies

4 days ago DieselGasoil Comments Off on EU curbs steel imports until 2021 to counter US trade policies
The European Union has set restrictions on imports of steel to the bloc in response to US President Donald Trump’s imposition of tariffs on metals imported into the US. The safeguard measures approved on Wednesday impose quotas on 26 product categories, and levy a 25 percent duty on imports exceeding those quotas, according to the Read More

Trump tariffs force tough choices at U.S. auto suppliers

4 days ago DieselGasoil Comments Off on Trump tariffs force tough choices at U.S. auto suppliers
WYOMING, Mich. (Reuters) – Bob Roth makes no bones about his feelings towards U.S. manufacturing. Receiving and shipping worker Mike Pawloski prepares to ship a newly assembled transformer to a client in the RoMan Manufacturing plant in Grand Rapids, Michigan, U.S. December 12, 2018. Picture taken December 12, 2018. REUTERS/Rebecca Cook The co-owner and chief Read More

Ford sees weaker-than-expected fourth quarter, uncertainty in 2019

5 days ago DieselGasoil Comments Off on Ford sees weaker-than-expected fourth quarter, uncertainty in 2019
DETROIT (Reuters) – Ford Motor Co (F.N) forecast a weaker fourth quarter than analysts expected, and said on Wednesday it faced uncertainty in 2019 due to trade issues and Britain’s exit from the European Union, sending its shares down 2 percent in premarket trading. FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal Read More

China starts new recycling drive as foreign trash ban widens

6 days ago DieselGasoil Comments Off on China starts new recycling drive as foreign trash ban widens
SHANGHAI (Reuters) – China plans to launch 100 new large-scale recycling “bases” by the end of next year, part of a campaign to make better use of its resources after extending a ban on foreign trash imports. FILE PHOTO: Chinese customs officers inspect solid waste seized in their operations against smuggled foreign waste, in Rizhao, Read More

Global auto leaders urge Trump administration to end trade turmoil

6 days ago DieselGasoil Comments Off on Global auto leaders urge Trump administration to end trade turmoil
DETROIT (Reuters) – Auto executives gathered in Detroit on Monday called on the Trump administration and Congress to resolve trade disputes, and end the government shutdown, saying political uncertainty is costing the industry. Ford Motor Company President and CEO Bill Hackett (L) and Executive Chairman Bill Ford attend their company’s presentation at the North American Read More

FCA reviewing Italy plan after new taxes for polluting cars

6 days ago DieselGasoil Comments Off on FCA reviewing Italy plan after new taxes for polluting cars
DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) is reviewing its investment plan for Italy after the country approved taxes on the purchase of larger gasoline and diesel (gasoil) cars, Chief Executive Officer Mike Manley said on Monday. Mike Manley, CEO of Fiat Chrysler Automobiles (FCA), and FCA Chairman John Elkann (R) speak next Read More

German hotel walloped by huge avalanche as snows claim lives across Europe (PHOTOS)

6 days ago DieselGasoil Comments Off on German hotel walloped by huge avalanche as snows claim lives across Europe (PHOTOS)
A hotel in southern Germany has been buried by an enormous avalanche, sparking an evacuation, as heavy snows cause deaths and disruption across Europe. Hotel Hubertus reportedly sustained damage after the wall of snow battered the building in the village of Balderschwang, close to the Austrian border, on Monday. The hotel was evacuated and 100 Read More

Ford wants U.S. to resolve various trade issues so it can set plans

6 days ago DieselGasoil Comments Off on Ford wants U.S. to resolve various trade issues so it can set plans
Ford Motor Company President and CEO Bill Hackett (L) and Executive Chairman Bill Ford attend their company’s presentation at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst DETROIT (Reuters) – Ford Motor Co (F.N) wants the Trump administration to resolve various trade issues faced by the United States, Read More

Elon Musk's SpaceX to cut 10% of staff amid 'difficult challenges'

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SpaceX is making 10% of its workforce redundant – with the tech company saying it needs to become “leaner” if it is to accomplish ambitious projects such as creating a spaceship that can carry astronauts to Mars. About 600 of the firm’s 6,000-strong workforce are being laid off, with the company blaming “extraordinary difficult challenges Read More