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Daimler Drops on Report Software Affected U.S. Emissions Tests

Daimler AG fell after a German newspaper reported U.S. investigators detected software in its Mercedes-Benz diesel cars that might have been designed solely to pass regulatory emissions tests. The vehicle maker developed several software applications that reduce or regulate the application of AdBlue fluid that helps eliminate harmful exhaust gases, Bild am Sonntag reported Sunday, citing confidential…

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Richard Branson Unveils Hyperloop Plans for India

British tycoon Richard Branson-backed Virgin Hyperloop One is proposing to build a super-fast transportation system in India that would connect the city of Pune with the planned new airport in Mumbai in 25 minutes, saving about three hours. The founder of Virgin Group signed a preliminary agreement on Sunday in Mumbai for a broad hyperloop…

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Saudi Arabia Is Taking a Harder Line on Oil Prices

For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting. Thanks to OPEC-led production cuts, crude prices are double their level two years ago and bloated oil stockpiles are almost back to normal.…

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