Business

The auto industry faces a new wave of consolidation as cars become electric, connected and add highly automated driving functions, Alexander Hitzinger, head of Volkswagen's Project Artemis said on Wednesday.

Boeing Co's 737 MAX on Wednesday will make its first public demonstration flight with members of the media since being grounded over fatal crashes, as one of its biggest customers, American Airlines, seeks to prove it is safe for passengers.

Chinese fintech giant Ant Group is considering selling its 30% stake in Indian digital payment processor Paytm amid tensions between the two Asian neighbours and a toughening competitive landscape, people with direct knowledge of the matter said.

The European Union and the United States should resolve their trade disputes after U.S. President-elect Joe Biden takes office in January in a "new transatlantic agenda", the EU executive said on Wednesday, laying out its wish-list for better ties.

South Korea's Hyundai Motor Group said on Wednesday it will introduce an electric vehicle-only platform early next year that will use its own battery technology to cut production time and costs.

Royal Bank of Canada and National Bank of Canada beat expectations for fourth-quarter profit on Wednesday, as they set aside less capital than analysts had anticipated to cover potential loan losses.