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By Leika Kihara NUSA DUA, Indonesia (Reuters) -Billionaire Elon Musk said on Monday he was working “at the absolute most amount…from morning til night, seven days a week” when asked about his recent acquisition of Twitter and his leadership of automaker Tesla Inc. “I have too much work on my plate that is for sure,” …

Elon Musk says ‘I have too much work on my plate’ Read More »

By Nick Carey LONDON (Reuters) – Slovakian battery maker InoBat said on Monday it has signed declarations of intent with the Serbian government to build an electric vehicle (EV) battery factory in the Balkan country with a capacity of up to 32 gigawatt hours (GWh). The plant would open with an initial capacity of 4 …

Slovakia’s InoBat eyes electric vehicle battery plant in Serbia Read More »

By Leika Kihara and Stanley Widianto NUSA DUA, Indonesia (Reuters) – British Prime Minister Rishi Sunak will call on the Group of 20 (G20) for coordinated action to address international economic instability and the rising cost of living in the wake of Russia’s invasion of Ukraine, his government said on Monday. Sunak is due to …

Britain to urge G20 to take coordinated action on economic instability Read More »

LONDON (Reuters) -German military equipment manufacturer Rheinmetall said on Sunday it has agreed a deal to acquire Spanish explosives and ammunition maker Expal Systems for an enterprise value of 1.2 billion euros ($1.24 billion). Expal is a subsidiary of Spanish company Maxam, owned by private equity firm Rhone Capital. The deal, expected to close in …

Rheinmetall agrees 1.2 billion euro deal to acquire Spanish explosives maker Expal Read More »

PRAGUE (Reuters) – The Czech National Bank is unlikely to have to intervene in currency markets as much as it has in recent months when pressure against the crown was strong, Vice-Governor Eva Zamrazilova said on Sunday. The central bank has intervened to prop up the crown since May as part of efforts to fight …

Big Czech crown interventions less likely, central banker says Read More »

By William Schomberg LONDON (Reuters) -British finance minister Jeremy Hunt said he will have to raise taxes in next week’s budget plan in order to fix the public finances and soften a potentially long recession, a newspaper quoted him as saying on Saturday. Hunt is trying to restore Britain’s credibility among investors in the first …

UK’s Hunt says he has to raise taxes to fix economy Read More »

By Andrea Shalal WASHINGTON (Reuters) – Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by official bilateral creditors, World Bank President David Malpass said, underscoring the need to reduce the debt of poorer countries. The World Bank’s annual report on global debt statistics, due out …

Global debt levels rose ‘substantially’ in 2021 – World Bank’s Malpass Read More »

LONDON (Reuters) – British finance minister Jeremy Hunt is considering a big increase in a windfall tax on oil and gas firms and extending it to power generation firms as he tries to find ways to repair the country’s public finances, sources said on Saturday. The idea is “under consideration” ahead of Hunt’s announcement of …

UK considering big increase in energy windfall tax, sources say Read More »