AP Business Writer
More from David McHugh
Car Makers Fined $1B Over Emission Collusion
Regulators said the companies resisted competition and denied consumers the chance to buy less-polluting cars.
Jul 12th, 2021
130 Countries Back Global Corporate Tax Deal
It would be at least 2023 before the agreement takes effect.
Jul 5th, 2021
How to Curb Tax Avoidance by Multinational Companies
A new approach to international taxation might be reached this year.
Jun 14th, 2021
G-7 Backs Steps to Deter Multinational Firms' Tax Dodging
A global minimum tax aims to deter companies from stashing profits in low-tax countries.
Jun 7th, 2021
China, Global Recovery Boost Profit at Daimler
The automaker raised its outlook for an important measure of profitability this year.
Apr 23rd, 2021
Volkswagen Plans Six Battery Factories to Ramp Up Electrics
The automaker also plans a five-fold expansion of fast-charging stations by 2025.
Mar 16th, 2021
Daimler to Split into Two Companies
The automaker will spin off its truck and bus division and rename itself Mercedes-Benz.
Feb 4th, 2021
Debate Heats Up Over How to Tax Big Tech
There's a mid-year deadline for talks on a global deal that aims to defuse trade disputes.
Jan 27th, 2021
Volkswagen Triples Electric Car Sales Ahead of Climate Rules
Germany saw more people buy electrics than diesels last month.
Jan 12th, 2021
Central Bankers Say Economy Needs Help Despite Vaccine News
The chairman of the Federal Reserve said Congress "may need to do more."
Nov 13th, 2020
EU Faces Trade Fights with US, No Matter Who Wins
Fundamental disputes that erupted — or in some cases, merely worsened — in the past four years may not be easy to resolve.
Nov 2nd, 2020
Nonprofit App Aims to Help Unblock Global Air Travel
CommonPass could make it easier for international passengers to show they've complied with COVID-19 testing requirements.
Oct 22nd, 2020