Britain is stepping up plans to redraw its rail map with a new route to southwest England after storms that swept a historic coastal line into the sea left more than 1 million people cut off from the rest of the system.
Siemens AG said the first four of 16 trains ordered by Deutsche Bahn AG received regulatory approval to operate, two years after delays on the new model started burdening earnings at Europe’s largest engineering company.
Deutsche Bahn AG, Germany’s state- owned railway, is in “advanced talks” to buy Arriva Plc for about 1.6 billion pounds ($2.4 billion), the U.K. transport operator said. Arriva rose to the highest price in 1 1/2 years.
U.S. prosecutors are preparing what would be the first criminal charges against BP Plc staff after the worst U.S. oil spill last year, the Wall Street Journal reported, citing unidentified people familiar with the matter.