European Press Roundup: German Minister Backs Self-Driving; COO Says 'No Cheating' at Renault
March 21 2018 - 9:03AM
Dow Jones News
In Europe today, the European Commission conditionally approved
Bayer's acquisition of Monsanto, while Ubisoft shares gained after
Vivendi said it plans to sell its entire stake in the maker of
videogames. Read about the above topics on Dow Jones Newswires or
WSJ.com.
In Other Media...
Germany's transport minister, Andreas Scheuer, continues to
support tests for self-driving vehicles in the country, despite an
accident in the U.S. involving an Uber autonomous car. He called
the accident tragic but said Germany needs to take advantage of the
"big opportunities" that new digital innovations offer. -Augsburger
Allgemeine
Renault Chief Operating Officer Thierry Bollore says "there is
no cheating--period" at the French car maker. Commenting on
Renault's alliance with Nissan and Mitsubishi, Mr. Bollore says
synergies should be fully exploited. "We want to make our alliance
irreversible," he says. -Sueddeutsche Zeitung
Accountancy firm PricewaterhouseCoopers faces questions from the
U.K. government's work and pensions committee over its role in the
collapse of contractor Carillion. PwC, which advised the bankrupted
company, was accused of "milking the Carillion cow dry," by the
committee's chair, Frank Field. -The Guardian
French GDP should rise by 0.4% in both the first and the second
quarters of 2018--a slower pace than the year previous--driven
mainly by commercial investment, according to statistics agency
INSEE. -Le Figaro
Thirteen British members of parliament have threatened to vote
down a proposed Brexit transition deal over concerns about its
impact on the fishing industry. The group of Conservative
parliamentarians said in an open letter to Prime Minister Teresa
May that the agreement represents a continuation of the EU's
control over the U.K.'s fishing policy, and would harm coastal
communities. -The Guardian
German Finance Minister Olaf Scholz has hired Joerg Kukies,
Goldman Sachs' co-head for operations in Germany and Austria, as
his deputy. -Bild
Spanish airport operator Aena has until April 6 to decide if it
wants to secure full control of Luton Airport, after receiving a
letter from minority shareholder Ardian on its intention to divest
itself of its 49% stake. State-controlled Aena, which controls 51%
of the airport, has a preferential purchase right for Ardian's
stake. -El Economista
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(END) Dow Jones Newswires
March 21, 2018 08:48 ET (12:48 GMT)
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