By Kylie Madry SAN LUIS POTOSI, Mexico (Reuters) -German automaker BMW will invest 800 million euros ($866 million) in the central Mexican state of San Luis Potosi to produce high-voltage batteries and fully electric “Neue Klasse” models, the carmaker said Friday. The expansion, set to add around 1,000 new jobs at its operations in the …
Carmaker BMW to invest around $870 million in Mexico in EV push Read More »
MILAN (Reuters) – Unlisted Italian banking group Iccrea Banca expects to select one or more partners for its insurance business by the end of the year, Director General Mauro Pastore said on Saturday. Speaking to reporters on the sidelines of the yearly Assiom-Forex financial markets association meeting, Pastore said Iccrea had invited bids from potential …
Italy’s Iccrea studying offers for insurance business Read More »
(Reuters) – Tesla Inc raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric vehicles eligible for tax credits. Tesla increased the price of the Model Y Long Range to $54,990, and the Model Y Performance to $57,990, an …
Tesla raises Model Y prices by $1,000 after U.S. relaxes tax credit terms Read More »
By Raphael Satter WASHINGTON (Reuters) -The hackers who claimed responsibility for a disruptive breach at financial data firm ION say a ransom has been paid, although they declined to say how much it was or offer any evidence that the money had been handed over. ION Group declined to comment on the statement. Lockbit communicated …
Hackers who breached ION say ransom paid; company declines comment Read More »
WASHINGTON (Reuters) – The Group of Seven rich nations, the European Union and Australia have set price caps for Russian diesel and other refined petroleum products to keep markets supplied while limiting Moscow’s revenues when an EU embargo kicks in. The EU measure, which takes effect on Feb. 5, follows an earlier EU embargo on …
Factbox-G7-led coalition sets price cap on Russian oil products Read More »
By Timothy Gardner and Andrea Shalal WASHINGTON (Reuters) – Western economies agreed new price caps on Friday on Russia’s exports of oil products that U.S. Treasury Secretary Janet Yellen said would build on the crude oil cap set in December and further limit Russian oil revenues while keeping global energy markets supplied. The coalition imposing …
G7’s new petroleum price caps to degrade Russia’s war campaign -Yellen Read More »
By Aditya Soni and Yuvraj Malik (Reuters) – Big Tech results reinforced concerns a boom in cloud services is easing, limiting a lucrative source of profit when a slowing economy has hit the companies’ other businesses and prompting a bet on artificial intelligence as the next growth driver. Earnings from Amazon.com Inc and Microsoft Corp …
Big Tech earnings face more heat as cloud cover fades Read More »
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – EU industry chief Thierry Breton has said new proposed artificial intelligence rules will aim to tackle concerns about the risks around the ChatGPT chatbot and AI technology, in the first comments on the app by a senior Brussels official. Just two months after its launch, …
Exclusive-ChatGPT in spotlight as EU’s Breton bats for tougher AI rules Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated sharply in January while the unemployment rate hit more than a 53-1/2-year low of 3.4%, pointing to a stubbornly tight labor market, and a potential headache for Federal Reserve officials as they fight inflation. The Labor Department’s closely watched employment report on Friday also showed …
U.S. reports blowout job growth; unemployment rate lowest since 1969 Read More »
(Reuters) – The Italian trade union USB filed a legal complaint against a plan by gas grid operator Snam to set up a new liquefied natural gas (LNG) terminal in the Tuscan port of Piombino, it said in a press release on Friday. USB alleged Snam had committed serious “environmental crimes” while performing works to …
