Tiny Messerschmitt bubble car found rusting in a British barn

Tiny Messerschmitt bubble car found covered in rust in a British barn after more than 40 years is set to fetch £7,000 at auction Three-wheeled motor was made by manufacturers of Luftwaffe fighter planes Messerschmitt were banned from making aircraft and turned to cars after war Vehicle, found in Wiltshire, could be worth £30,000 once it is fully restored A […]

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EU car wifi plan delayed as countries await legal advice

BRUSSELS (Reuters) – The European Commission’s plan for a wifi-based standard for cars endorsed by Volkswagen faces a two-month delay as EU countries wait for legal advice on the proposal, giving a glimmer of hope to backers of the rival 5G technology. Envoys from the 28 EU countries met on Wednesday and agreed to extend their review of the Commission’s […]

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Iran informs world powers it will stop 'some commitments' under nuclear deal: IRIB

LONDON (Reuters) – Iran has informed ambassadors from the United Kingdom, France, Germany, China and Russia of its decision to stop implementing “some commitments” under a 2015 nuclear deal, state broadcaster IRIB reported on Wednesday. A letter from President Hassan Rouhani was delivered to the envoys of countries that are still committed to the deal despite the unilateral withdrawal of […]

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EU and Britain condemn U.S. oil and nuclear sanctions on Iran

LONDON (Reuters) – The United States’ allies in Europe have criticized its recent decisions to restrict oil trade with Iran and to limit the extension of waivers for nuclear non-proliferation projects. “We … take note with regret and concern of the decision by the United States not to extend waivers with regards to trade in oil with Iran,” Britain’s foreign […]

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Orban says EU conservatives must work with populists

ROME (Reuters) – Hungarian Prime Minister Viktor Orban has said the European Parliament’s main center-right group must forge an alliance with populist, nationalist groups after impending EU elections, receiving a swift rebuke from Germany’s conservative leader. Orban’s ruling Fidesz Party was suspended from the mainstream European People’s Party (EPP) in March over its record on respect for the rule of […]

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Police vs privacy: New law plan angers Bavarians

Police Task Act grants officers sweeping new powers, despite public outcry that the conservative-sponsored measures endanger privacy. A new law has been passed broadening police powers in southern Germany, despite an outcry from people in Bavaria who fear their privacy is under threat. Bavaria’s new Police Task Act allows police to conduct intrusive surveillance, extend detention to 90 days without […]

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SAP welcomes Elliott's $1.3 billion investment; shares hit high

FRANKFURT (Reuters) – U.S. activist investor Elliott revealed a 1.2 billion euro ($1.3 billion) stake in SAP on Wednesday and said it supported a new management efficiency drive, sending shares in the German business software company to a record high. SAP has until now escaped the attention of activist investors, steered by co-founder and Chairman Hasso Plattner who has withstood […]

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Amazon strengthens ties with French food retailer Casino

PARIS (Reuters) – E-commerce giant Amazon and French retailer Casino are expanding their partnership, with Amazon installing pick-up lockers in Casino stores and more of the French company’s products to be available on Amazon. The move, which follows an initial co-operation between Casino’s upmarket Monoprix supermarket chain and Amazon in Paris, could re-ignite speculation of a bigger deal later on. […]

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British would boost eurosceptics in next EU parliament: survey

BRUSSELS (Reuters) – British voters at the elections for the next European Parliament would strengthen eurosceptic groups, while the center-right would remain the largest grouping in the legislature, an EU survey showed on Thursday. The projection, commissioned by the European Parliament, showed that the two most eurosceptic groups in the parliament would increase their share of seats to 14.3 percent […]

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Sweden's Veoneer bets driverless car delay will be its gain

STOCKHOLM (Reuters) – Sweden’s Veoneer expects to gain from a commercial delay in self-driving cars, betting that rising demand for its radar and camera-based systems as the industry ramps up to autonomy will boost its market position. Forecasts on when autonomous vehicles will become a commercial reality have been receding, with most analysts now expecting broad-based adoption to take another […]

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