BRUSSELS (Reuters) - Lufthansa's bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU antitrust regulators said on Monday, ramping up pressure on the German carrier to come up with stronger remedies. The European Commission said the deal threatens competition on short-haul routes between Italy and Central European countries, as well...

FRANKFURT (Reuters) - Germany is and will remain a strong industrial location, Chancellor Olaf Scholz said on Monday as he formally opened construction at Northvolt's battery cell factory in Heide, in the northern state of Schleswig-Holstein. The Swedish battery developer and manufacturer will produce climate-friendly battery cells for 1 million cars a year at the site. Investments like those made...

COLOMBO (Reuters) - McDonald's has ended an agreement with its local partner in Sri Lanka and all 12 outlets in the country have been closed, an attorney for the U.S. company said on Sunday. The parent company decided to terminate the agreement with the franchisee due to standard issues, said Sanath Wijewardane, an attorney for McDonald's. They are not in business...

05:50 AM EDT, 03/25/2024 (MT Newswires) -- Nissan said Monday it is planning to launch 16 new models of electric vehicles by the end of fiscal 2026 in an attempt to make itself more competitive in space dominated by China's BYD, Tesla (TSLA), German carmakers and General Motors ( GM ) . The Japanese automobile and truck group also said...