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World - Diesels take back seat, electrics up front at Paris car show


FRANKFURT, Germany (AP) — Carmakers are finding the Paris auto show , held in a city whose mayor wants to ban diesels to reduce pollution, to be a fine place to show off new zero-emission electric vehicles.


Tuesday, September 27, 2016  21:06

Yahoo

Business - Electric car tipping point may challenge pioneers


By Laurence Frost and Gilles Guillaume PARIS (Reuters) - Electric car prototypes and plans are set to dominate the Paris auto show as the Volkswagen diesel scandal and falling battery costs persuade executives and investors that plug-in vehicles are ready to go mainstream. The expected flurry of announcements signals a threat to pioneers of the current generation of battery-powered cars, such as Tesla and Renault-Nissan , who will now have to work harder to defend their lead. VW is leading the charge, keen to turn a page after its exposure last year as a U.S. emissions test cheat. ...


Tuesday, September 27, 2016  21:42

Yahoo

World - Seychelles president says to resign on Oct 16 - state house


Seychelles President James Alix Michel said on Tuesday he would resign on Oct. 16 after a constitutional amendment to limit the number of presidential terms to two, a statement published by the state house showed. This month, opposition parties swept to victory in the country`s parliamentary elections, shaking up the political landscape after decades of control by Michel`s party, Parti Lepep, which has been in power since 1977. The statement said vice president, Danny Faure, would be sworn in as the new president after Michel steps down and did not say if any elections would follow.


Tuesday, September 27, 2016  21:18

Yahoo

Business - Oil down 3 percent as Saudi, Iran dash hopes for an Algiers deal


Oil fell about 3 percent on Tuesday after Saudi Arabia and Iran dashed market hopes that the two major OPEC producers would find a compromise this week at meeting in Algiers to help ease a global glut of crude. Saudi Energy Minister Khalid al-Falih told reporters in the Algerian capital, where OPEC and other oil producers gathered for the Sept. 26-28 International Energy Forum, he did not expect an agreement to come out of the consultations on the last day of the meet. `If you were looking for something dangerous from this meeting, this was it,` said Jim Williams, analyst at WTRG Economics in London, Arkansas.


Tuesday, September 27, 2016  21:06

Yahoo

Business - Wall Street climbs in wake of first presidential face-off


Amazon.com jumped 2.12 percent and the consumer discretionary index gained 0.99 percent after a report showed that the consumer confidence index for September rose to its highest level in nine years. Following the first of three presidential debates on Monday, Republican candidate Donald Trump vowed to hit Clinton harder after she put him on the defensive. `From a market perspective, rightly or wrongly, there is an understanding that Mrs. Clinton would be a safe pair of hands, that there`s very little uncertainty there,` said Brad McMillan, chief investment officer for Commonwealth Financial in Waltham, Massachusetts.


Tuesday, September 27, 2016  21:48


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