ROME (Reuters) – Italy will resolve an issue related to a Lukoil-owned oil refinery in Sicily in the next few weeks, the country’s industry minister said on Thursday. The plant stands to be hit by an embargo on seaborne Russian oil that comes into force in December. “I can reassure that we will find the …
Italy to resolve issue of Lukoil’s oil refinery in Sicily in coming weeks Read More »
PRAGUE (Reuters) – MONETA Money Bank said on Thursday it expects to exceed its 2022 profit forecast after reporting solid third-quarter results, adding that a Czech government decision to cap household energy prices should ease pressure on loans. While a sharp rise in interest rates over a year-long tightening cycle by the Czech National Bank …
MONETA expects to exceed 2022 profit forecast after solid quarter Read More »
(Reuters) – British estate agency Foxtons Group Plc flagged a “less certain” sales market on Thursday, as rising mortgage rates and a deepening cost-of-living crisis crimp homebuyers’ purchasing capacity. Britain’s tax-cutting “mini-budget” last month led to a rout of the government bonds, pushing up borrowing costs for lenders and causing turmoil in the mortgage market, …
UK estate agency Foxtons warns of ‘less certain’ sales market Read More »
ATHENS (Reuters) – Solidarity is the only way to deal with the energy crisis, German Chancellor Olaf Scholz said in an interview with Greek newspaper Ta Nea before a visit to Athens. “Europe as a whole is suffering from the high prices of natural gas and I am convinced: We can overcome the crisis only …
German Chancellor tells Greek paper solidarity only way out of energy crisis Read More »
BERLIN (Reuters) – Volkswagen AG is no longer investing in Argo AI, the company said on Wednesday, concentrating its automated driving efforts on its existing partnerships with Bosch and Horizon Robotics in China. Volkswagen commercial vehicles will pursue a partnership with a new, soon-to-be named partner, the carmaker said in its statement, with prototypes for …
Volkswagen no longer investing in self-driving startup Argo AI Read More »
By Megan Davies NEW YORK (Reuters) – Credit Suisse may want to revive the First Boston brand for its investment bank – but doing so could be complicated and possibly costly. The embattled Swiss lender is set to announce a reorganization on Thursday which could include selling various parts of its business as it tries …
Credit Suisse’s possible First Boston revival may face hurdles Read More »
By Mike Spector and Dan Levine Tesla Inc is under criminal investigation in the United States over claims that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, …
Exclusive-Tesla faces U.S. criminal probe over self-driving claims-sources Read More »
By Rajesh Kumar Singh and Abhijith Ganapavaram (Reuters) -Boeing Co on Wednesday warned its recovery from a crippling safety and economic crisis would take longer than expected after taking a $2.8-billion hit on loss-making defense contracts, sending its shares down sharply. The heavy writedown came a day after Reuters reported a shake-up in operational management …
Boeing sees a long road to recovery after heavy losses in defense business Read More »
By Nivedita Balu and Aditya Soni (Reuters) – Apple Inc’s earnings report on Thursday may show the best quarterly sales growth for iPhones this year but it could still foreshadow a difficult holiday period as China demand slows and inflation hits multi-decade highs. Analysts expect iPhone sales to rise 11% in the fiscal fourth quarter …
Apple’s holiday quarter may face pressure from inflation, weak China demand Read More »
(Reuters) -Billionaire Elon Musk said on Wednesday he was entering Twitter Inc’s San Francisco office, days ahead of a court-ordered deadline to close his $44 billion deal for the social media platform. “Entering Twitter HQ – let that sink in!” said the caption to a video that Musk tweeted in which he was walking into …
Elon Musk visits Twitter headquarters ahead of deal close deadline Read More »
