Tesla CEO says will build Gigafactory 4 in 'Berlin area'

Tesla CEO says will build Gigafactory 4 in 'Berlin area'

Tesla will build its first European factory and design center near Berlin, giving the U.S. electric car pioneer the coveted "Made in Germany" label just as local rivals Audi, BMW and Mercedes prepare to launch competing cars.

Brexit drove Tesla to pick Berlin over Britain for new factory: report

Britain missed its chance to host the first European factory of U.S. electric vehicle pioneer Tesla because of Brexit, Chief Executive Elon Musk said in remarks reported on Wednesday.

UBS boss Ermotti says too-small European banks must consolidate

UBS Group Chief Executive Sergio Ermotti on Wednesday said banking consolidation, especially in Europe, is unavoidable in coming years as institutions must achieve critical mass to remain competitive.

Futures fall as Trump speech clouds trade deal hopes

U.S. stock index futures fell on Wednesday, a day after the S&P 500 and Nasdaq hit new record highs, as a lack of clarity on U.S.-China trade relations from President Donald Trump and escalating tensions in Hong Kong dampened risk appetite.

Russia to cut share of U.S. dollar in National Wealth Fund, mulls other currencies

Russia will reduce the share of the U.S. dollar in its National Wealth Fund and is considering investing in other foreign currencies including the Chinese yuan, Deputy Finance Minister Vladimir Kolychev said on Wednesday.

Alibaba poised to launch record-breaking $13.4 billion Hong Kong share sale: sources

Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to $13.4 billion as soon as Thursday, according to two sources with knowledge of the discussions.

Takeaway CEO has no plans to raise $5.5 billion Just Eat bid

Takeaway.com Chief Executive Jitse Groen said on Wednesday he did not intend to increase a 4.3 billion pound ($5.5 billion) offer for Britain's Just Eat , despite a higher unsolicited bid from larger rival Prosus .

Tesla's Berlin move reflects Germany's carmaking prowess: minister

German Economy Minister Peter Altmaier said on Wednesday that U.S. electric vehicle pioneer Tesla's announcement that it will build its first European factory near Berlin was a result of Germany being renowned as a carmaking hub.

Google to offer checking accounts for consumers: WSJ

Alphabet Inc's Google will offer checking accounts to customers starting next year in a finance push, the Wall Street Journal reported on Wednesday.

Unilever appoints Nils Andersen as chairman, replacing Dekkers

Unilever named Danish businessman Nils Andersen as chairman on Wednesday, hoping his experience of consumer goods and logistics will help the group navigate a slowdown in its biggest markets and re-energize its foods business.

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