BERLIN, June 4 (Reuters) - U.S. chipmaker Globalfoundries ( GFS ) plans to invest around 1.1 billion euros ($1.25 billion) in the eastern German city of Dresden, Handles daily reported on Wednesday, citing sector sources. The German government is expected to support the expansion of its production site with several hundred million euros, the newspaper said, adding the final figure...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

RASTATT, Germany, June 4 (Reuters) - Mercedes-Benz is closely coordinating with its top suppliers over rare earth procurement, the carmaker's production chief said on Wednesday, saying that physical buffers played a role in the discussions. Joerg Burzer, Mercedes-Benz's management board member in charge of production, made the comments during a roundtable with journalists. Earlier on Wednesday, Europe's auto supplier association...

06:34 AM EDT, 06/04/2025 (MT Newswires) -- Autoliv ( ALV ) said Wednesday it has reiterated its 2025 guidance for organic sales growth of about 2% and a long-term target of 4% to 6% on average over a period of more than 10 years. The auto-safety equipment manufacturer also said it approved a new stock repurchase program of up to...