MILAN (Reuters) -Volkswagen is considering a plan to sell its fully-owned design and engineering unit Italdesign or to find a partner for it, union representatives said on Monday, as part of the German automaker's efforts to overhaul its European operations. Volkswagen, which controls Italdesign through its Audi unit, is under pressure from increasing competition and a lacklustre European car market....

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,...

06:56 AM EDT, 05/19/2025 (MT Newswires) -- Moody's downgraded the US government's credit ratings amid rising debt and fiscal deficits, but revised its outlook to stable from negative. The ratings agency on Friday lowered the world's largest economy's long-term issuer and senior unsecured ratings to Aa1 from Aaa, reflecting the increase in government debt and interest payment ratios over more...

06:57 AM EDT, 05/19/2025 (MT Newswires) -- Sable Offshore ( SOC ) said Monday that it restarted production at the Santa Ynez Unit, with oil now flowing to Las Flores Canyon at about 6,000 barrels per day. The company said it also completed anomaly repairs on the Las Flores Pipeline System, meeting key requirements under the Consent Decree governing the...