Reuters

By Sam Tobin

LONDON (Reuters) - Some of the world's biggest carmakers are facing 1.5 million lawsuits in Britain for allegedly cheating emissions tests that could cost them at least 6 billion pounds ($7.6 billion), claimants' lawyers told London's High Court on Tuesday.

The claims, brought by owners of diesel vehicles, highlight the ongoing fallout for automakers from a scandal that erupted in 2015 when Volkswagen admitted to using... (continue reading...)

ATHENS (Reuters) - Greek Prime Minister Kyriakos Mitsotakis hinted at a cabinet reshuffle on Tuesday, saying "corrective measures" were required after his centre-right party performed less well than expected in the European Parliament election.

His New Democracy party, which has led Greece since 2019, came first in Sunday's EU election with 28.3% of the vote but missed a 33% target Mitsotakis had set during his pre-election campaign. It was also well... (continue reading...)

(Reuters) - The Biden administration is considering further restrictions on China's access to chip technology used for artificial intelligence, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The measures being discussed would limit China's ability to use a cutting-edge chip architecture known as gate all-around, or GAA, the report said.

GAA is a type of transistor architecture that helps to improve chip... (continue reading...)

MOSCOW (Reuters) -A Russian naval frigate and a nuclear-powered submarine conducted missile drills in the Atlantic Ocean while en route to Cuba, the Russian defence ministry said on Tuesday.

The drills by the submarine Kazan and the warship Admiral Gorshkov involved firing high-precision missiles at mock enemy targets from a distance of more than 600 km (370 miles), it said in a statement.

The Admiral Gorshkov also conducted training in... (continue reading...)

By Emilio Parodi

MILAN (Reuters) - An Italian subsidiary of French luxury giant LVMH, Dior Manufactures SRL, on Monday became the third fashion company to be put under administration by a Milan court this year.

Prior to appointing special commissioners to oversee the Milan-based maker of Dior-branded handbags, the court had imposed the same terms on a unit of Italy's Giorgio Armani group and on leather goods maker Alviero Martini, famous... (continue reading...)