By Urvi Manoj Dugar (Reuters) -Tesla has cut prices of its Model 3 compact sedan and Model Y SUV in the U.S. by about 2.7% to 4.2% to stoke demand for its electric vehicles, days after the automaker fell short of third-quarter deliveries estimates. The Elon Musk-led company’s shares, which have more than doubled so …
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen heads to International Monetary Fund and World Bank annual meetings next week in Morocco to press U.S. priorities including increasing the institutions’ funding against a backdrop of political chaos in the U.S. Congress. The Treasury said on Friday that Yellen will work at the …
Yellen heads to Morocco IMF-World Bank meetings in shadow of US political chaos Read More »
By Scott Murdoch and Lewis Jackson (Reuters) -Australian billionaire Gina Rinehart is a step closer to being able to block Albemarle’s $4.3 billion proposed takeover of Liontown Resources after increasing her stake again in the lithium miner. Australia’s richest person raised her stake to 16.7%, becoming Liontown’s largest shareholder, her company Hancock Prospecting said on …
FRANKFURT (Reuters) -The European Central Bank may need to raise interest rates again if wages, profits or new supply snags boost inflation, ECB board member Isabel Schnabel said in an interview published on Friday. The ECB raised borrowing costs to record highs last month to rein in prices in the euro area, which are still …
ECB’s Schnabel can’t rule out more hikes amid inflation risks Read More »
LIMASSOL, Cyprus (Reuters) – The ECB’s monetary policy transmission is working to tame inflation, though material uncertainty persists in the euro area, ECB policymaker Constantinos Herodotou said on Friday. “The recent increase in energy prices could transmit again to the rest of the economy and have an upward pressure on prices,” Herodotou, who is also …
ECB policies are taming inflation, but uncertainty persists-Herodotou Read More »
By Vladimir Soldatkin MOSCOW (Reuters) -Russia’s government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21. The restrictions for gasoline exports are still in place. Diesel is Russia’s biggest oil product export, at about 35 million tonnes last year, of which …
By Diane Bartz WASHINGTON (Reuters) -The CEO of privacy-oriented search engine DuckDuckGo said its talks with Apple about a potential contract failed because the smartphone maker was reluctant to give up Google’s multibillion dollar paychecks, according to newly transcripts of a landmark antitrust trial of the Alphabet unit. Gabriel Weinberg, who also founded the company, …
DuckDuckGo CEO says Google’s billions got in the way of a deal with Apple Read More »
By Leroy Leo and Bhanvi Satija (Reuters) – About 75,000 medical workers from Kaiser Permanente facilities went on a planned three-day strike on Wednesday, putting pressure on one of the leading not-for-profit U.S. healthcare networks to reach an agreement on a new contract. It is the largest walkout ever in the U.S. healthcare sector, surpassing …
Explainer-Why are Kaiser Permanente healthcare workers on strike? Read More »
By David Shepardson WASHINGTON (Reuters) -A key Senate Republican said Thursday he plans to support the White House nominee to head the Federal Aviation Administration (FAA) as the agency addresses a series of near-miss incidents and air traffic controller staffing shortages. Last month, President Joe Biden nominated Michael Whitaker, chief commercial officer for Supernal, a …
By Chibuike Oguh and Abhirup Roy NEW YORK (Reuters) – Shares of Rivian Automotive Inc fell by nearly 23% on Thursday, the biggest daily percentage decline since their debut in 2021, after the electric vehicle maker unveiled plans to issue $1.5 billion worth of convertible green bonds. Irvine, California-based Rivian expects the bonds, which mature …
EV maker Rivian shares have record drop after convertible bond offering launched Read More »
