MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador said Wednesday his government aims to reach an agreement with mining and transport company Grupo Mexico after taking over a part of its railway last week, but said the compensation deal will not include cash.

WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) demanded the recall of 67 million air bag inflators because it believes there is a safety defect, but auto supplier ARC Automotive Inc rejected the U.S. regulator's request, documents released on Friday show.

A California state appeals court on Monday revived a ballot measure allowing app-based services such as Uber Technologies Inc and Lyft Inc LYFT.O> to treat drivers as independent contractors rather than employees, in a major victory for the industry.

WASHINGTON (Reuters) -The U.S. Senate Commerce Committee on Thursday said it would hold a March 8 hearing on efforts by the Federal Aviation Administration (FAA) to reform how it certifies new airplanes after two Boeing 737 MAX crashes killed 346 people.

U.S. lender Citizens Financial Group cut back on auto lending last year and plans to further reduce its exposure to the segment as it becomes cautious on certain businesses as it factors in risk of a recession, its chief executive officer said in a interview.

An Israeli-made electric vehicle designed to fly commuters on short trips far above streets overcrowded with cars has made its maiden unmanned flight, a milestone the developer says will help it reach the market in the next two years.

Germany wants a joint European response to the U.S. Inflation Reduction Act that would involve simplifying rules on state support and expanding funding opportunities, according to a German economy ministry document seen by Reuters on Friday.

Airbus on Thursday confirmed it had revoked all remaining A350 orders from Qatar Airways, raising the stakes in a safety and contractual dispute with the Gulf carrier.

African e-commerce firm Jumia Technologies said on Wednesday it was past peak losses and would focus on promotions, marketing and cost cutting in its quest towards profitability, driving its shares up 16% despite a wider quarterly loss.

WASHINGTON (Reuters) -A union representing nearly 2,500 employees at three Boeing Co defense locations in the St. Louis area said on Saturday they will vote on the company's revised contract offer, canceling a strike that was set to start Monday.