Tesla to fix software in 5,836 imported cars in China, watchdog says

China’s market regulator said on Friday that Tesla (TSLA.O),  would fix software in 5,836 imported Model 3, Model S and Model X cars from July, citing safety issues. The action is described as a product recall under Chinese regulations, the regulator said. It was not immediately clear if drivers might need, or would be eligible, to […]

Patron Capital among bidders for Legal & General housebuilder CALA-source

Patron Capital Partners is one of the bidders for Legal & General’s (LGEN.L), opens new tab housebuilder CALA, in a deal expected to raise around one billion pounds ($1.28 billion), a source familiar with the matter said on Wednesday. Legal & General announced a revamp of its business on Wednesday, saying that CALA was marked for “potential […]

Multibillion-euro court battle over stranded Russian jets begins in Dublin

Some of the world’s largest aircraft lessors faced off against their insurers in a Dublin courtroom on Tuesday at the start of a months-long battle over around 2.5 billion euros ($2.7 billion) of insurance claims related to jets stranded in Russia. Lessors are suing dozens of insurers around the world over losses of at least […]

Amid war, Putin looks east

Cut off from the West, Russia is pitching its $2 trillion economy to giants like China and Saudi Arabia and longer-term prospects like Zimbabwe and Afghanistan at its premier investment forum in St Petersburg, which was founded by the tsars as a window to Europe. The war in Ukraine has led to the biggest upheaval […]