By Akriti Sharma (Reuters) -Tesla Inc has raised prices in a range of up to $290 in Canada, China, Japan and the United States, its website showed on Monday, after having slashed prices on its top-selling vehicles since the start of the year. The hike was Tesla’s first on its two top-selling models at the …
Tesla raises prices in US, China, Japan and Canada Read More »
(Reuters) -The European Union and U.S. have warned Malaysia over risks to national security and foreign investment as it finalises a review of its 5G rollout that could allow China’s Huawei Technologies Co Ltd to bid for a role in its telecoms infrastructure, the Financial Times reported on Tuesday. EU and U.S. envoys to Malaysia …
EU, US warn Malaysia of security risk in Huawei’s bid for 5G role – FT Read More »
By David Shepardson and Tiyashi Datta (Reuters) -Lordstown Motors warned on Monday it might be forced to file for bankruptcy due to uncertainty over a $170 million investment deal with its major shareholder Foxconn, sending shares of the Ohio-based electric truck maker down 23%. Foxconn struck a deal in November to take a near-20% stake …
Lordstown shares dive 23% as investor Foxconn alleges agreement breach Read More »
By Krystal Hu and Jane Lanhee Lee (Reuters) -Longtime Kleiner Perkins partner Wen Hsieh is leaving the Silicon Valley venture capital establishment to start a fund with backing from the firm and Taiwanese chipmaker TSMC, sources told Reuters. Hsieh is in advanced talks to raise $200 million from limited partners including Kleiner Perkins and TSMC …
Exclusive-Kleiner Perkins partner Wen Hsieh to launch TSMC-backed new fund -sources Read More »
By Arriana McLymore NEW YORK (Reuters) -A bipartisan group of two dozen U.S. representatives was calling for the Securities and Exchange Commission to halt the initial public offering of Chinese-founded fast-fashion giant Shein until it verifies it does not use forced labor, according to a letter seen by Reuters. The U.S. lawmakers want the SEC …
US lawmakers push SEC to order audit of Shein IPO over Uyghur forced labor fears Read More »
By Lawrence Delevingne (Reuters) – The focus of the U.S. regional banking crisis turned on First Republic Bank in late March after the wealthy clients it courted to fuel its breakneck growth began pulling their deposits. With no let-up in pressure on First Republic, the biggest U.S. bank JPMorgan Chase & Co, said on Monday …
Explainer-Why First Republic Bank failed and what JPMorgan’s deal means Read More »
BEVERLY HILLS, California (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Monday she expects more weaknesses to be exposed in the banking sector, only hours after First Republic Bank was rescued by JPMorgan Chase . Speaking at the 2023 Milken Institute Global Conference in Beverly Hills, California, Georgieva immediately addressed the biggest topic …
IMF’s Georgieva says more vulnerabilities in banking sector may be exposed Read More »
By Andrea Shalal WASHINGTON (Reuters) – The World Bank will announce on Monday a new methodology for assessing the business climate in up to 180 countries after embarrassing revelations of data irregularities and favoritism toward China forced it to cancel the “Doing Business” rankings two years ago. The bank said a pilot edition of the …
World Bank set to launch more robust, transparent business climate rankings Read More »
(Reuters) – Russia temporarily halted gas supplies to Armenia on Monday for four days to conduct planned maintenance on a major gas pipeline, Gazprom Armenia said in a statement. Russia is Armenia’s main gas supplier, shipping 2.6 billion cubic metres to the country last year. In a statement, Gazprom Armenia – a subsidiary of Russia’s …
Russia temporarily halts gas supply to Armenia for planned maintenance Read More »
By Tetsushi Kajimoto and Kentaro Sugiyama TOKYO (Reuters) – Rising inflation and an intensifying labour crunch are prodding smaller local Japanese firms to follow their big counterparts in raising pay, a move that can generate broader wage hikes and encourage the central bank to phase out its massive stimulus. Wages have barely risen in Japan …
Analysis-Inflation, labour crunch prodding Japan’s smaller firms to raise pay Read More »
