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  • BERLIN— Daimler's mytaxi and British rival Hailo are merging to form Europe's biggest app-based cab ordering service. Mytaxi operates in Germany, Austria, Italy, Poland, Portugal, Spain and Sweden. Hailo is active in the United Kingdom, Ireland and Spain.

  • THURSDAY, JULY 28 NEW HAVEN, United States- European Central Bank board member Benoit Coeure speaks at the Yale Forum on financial crisis management organised by U.S. Department of Treasury in New Haven- 1800 GMT. CAMBRIDGE- Federal Reserve Bank of San Francisco President John Williams participates in a policy dialogue on "What's Left in the Fed's Tool Kit?"

  • July 26- Japan's Nidec Corp has emerged as the frontrunner to buy Emerson Electric Co's motors and drives unit in a deal estimated to be about $1 billion, according to two sources familiar with the matter. Reuters earlier reported that private equity group Clayton Dubilier& Rice, Wolong Electric and another Chinese company were conducting due diligence on...

  • July 26- Japan's Nidec Corp has emerged as the frontrunner to buy Emerson Electric Co's motors and drives unit in a deal estimated to be about $1 billion, according to two sources familiar with the matter. Reuters earlier reported that private equity group Clayton Dubilier& Rice, Wolong Electric and another Chinese company were conducting due diligence on...

  • STUTTGART, Germany, July 26- Porsche will boost the number of jobs for its first all-electric model by more than half from previous targets as part of parent Volkswagen's push to overcome its emissions scandal by embracing zero-emission cars and digital services. The sports-car brand is spending about 1 billion euros on the zero-emission model.

  • BERLIN— The Catholic Church has hired a lawyer to tackle a plague of "Pokemon Go" players invading Cologne Cathedral. Local daily Express reported Tuesday that the church decided to take legal action after the virtual reality game's manufacturers didn't react to requests to exclude the ancient building from "Pokemon Go." The newspaper quoted the dean, Robert...

  • *Combined company to be headquartered in Hamburg. FRANKFURT, July 26- Daimler's mytaxi said it will will merge with British rival Hailo in an all-share deal, creating Europe's largest smartphone-based taxi-hailing business. In similar deals this year, Volkswagen took a $300 million stake in Gett and General Motors invested $500 million in Lyft.

  • BA 27-year-old Syrian man denied asylum in Germany a year ago died on Sunday when he set off a bomb outside a crowded music festival in Bavaria.

  • LONDON, July 25- Luxembourg will not seek to lure away British financial firms anxious about keeping a foot in the European Union after Brexit, the Grand Duchy's government said on Monday, saying it aimed instead to work with them for mutual benefit. The UK financial sector and Luxembourg have long had close ties, especially in managing Europe's trillions of...

  • BRUSSELS/ BERLIN, July 25- Europe's Commissioner for Justice is working with EU consumer groups to pressure Volkswagen to compensate clients in Europe as it has in the United States over the diesel emissions scandal. The German carmaker has pledged up to $15.3 billion to compensate 475,000 owners of VW diesel-powered cars, but has so far rejected such calls for...

  • BERLIN, July 25- German business morale fell only slightly in July, a benchmark survey showed, suggesting Europe's largest economy has weathered the immediate storm from Britain's vote to leave the European Union. The Munich- based Ifo economic institute said on Monday its business climate index, based on a monthly survey of some 7,000 firms, fell to 108.3 in July...

  • BERLIN— A closely watched index of German business optimism declined only slightly in July following Britain's vote to leave the European Union. Market analysts had expected a sharper decline in the mood in Europe's biggest economy. Carsten Brzeski, chief economist at ING-DiBa in Frankfurt, said "German businesses do not seem to be extremely shocked by the...

  • A police officer guards the southern entrance to Munich's main station

    Security threats hanging over Europe are another instance where the Fed and the ECB have to deploy policy instruments in the months ahead.

  • *Pound wobbly after weak U.K. business activity readings. TOKYO, July 25- The dollar was buoyant against the euro and yen early on Monday as a prevailing risk-on mood continued to support the U.S. currency and assets. The euro was down 0.1 percent at $1.0969 after slipping to a one-month low of $1.0955 on Friday in the wake of shootings that took place on Friday in...

  • A police officer guards the southern entrance to Munich's main station

    The 18-year-old German-Iranian gunman, who used the gaming handle "Hate," had previously been in psychiatric care.

  • WASHINGTON, July 23- Recent attacks on civilians in the U.S. and Europe have exposed a gap in the intelligence community's efforts to track suspected extremists and prevent mass killings, a half dozen American, British and French counterterrorism officials told Reuters. They included the mass shooting at a gay nightclub in Orlando, Florida; the murder of a...

  • There are absolutely no indications that the German-Iranian gunman who opened fire on shoppers had links to Islamic State, Munich police said.

  • PARIS— French President Francois Hollande will reassess security measures once a week all summer amid fears of new violence after a deadly Bastille Day attack in Nice, and heightened French security checks were causing severe delays Saturday for those trying to cross the English Channel. French investigators are still trying to determine whether the...

  • PARIS, July 23- A deadly shooting in Munich was a "disgusting terrorist attack" aimed at stirring up fear in Germany after France was targeted last week, French President Francois Hollande said on Saturday. "The terrorist attack that struck Munich killing many people is a disgusting act that aims to foment fear in Germany after other European countries," Hollande...

  • FRIDAY, JULY 29 CAMBRIDGE- Federal Reserve Bank of San Francisco President John Williams participates in a policy dialogue on "What's Left in the Fed's Tool Kit?" before the 2016 Pacific Pension and Investment Institute Summer Roundtable- 1330 GMT. FRANKFURT- European Central Bank to announce results of the 2016 bank stress tests.