BEIJING (Reuters) -China’s bike-sharing platform Hellobike announced on Monday the setup of a new robotaxi firm jointly with Ant Group and CATL. The three parties have invested over 3 billion yuan ($417.40 million) in total in the new firm as an initial investment, Hellobike said in a statement. The new firm, registered in Shanghai on …
China’s Hellobike sets up new robotaxi firm with Ant Group, CATL Read More »
By Chris Kirkham, Norihiko Shirouzu, Rachael Levy and Abhirup Roy (Reuters) -Tesla tiptoed into its long-awaited robotaxi service in Austin, Texas on Sunday with about 10 of its Model Y SUVs that will operate within strict limits. The rides were being offered on Sunday for a flat fee of $4.20, CEO Elon Musk said in …
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Investors are bracing for a knee-jerk selloff in stock markets on Monday after the weekend’s U.S. attack on Iran raised the specter of retaliation and higher oil prices. The Middle East situation takes center-stage for markets, overshadowing U.S. economic data releases this week, as investors assess the impact …
(Reuters) -U.S. President Donald Trump on Saturday said that a “very successful attack” on three nuclear sites in Iran had been carried out. “Iran’s key nuclear enrichment facilities have been completely and totally obliterated,” Trump said in a televised Oval Office address. After days of deliberation and long before his self-imposed two-week deadline, Trump’s decision …
Instant View: Investors react to US attack on Iran nuclear sites Read More »
(Reuters) -FedEx Corp’s founder and former CEO Frederick Smith, who started the global delivery conglomerate with more than a dozen planes in the 1970s, has died, the company’s CEO Raj Subramaniam said in memo to staff posted on its website on Saturday. Born in 1944, Smith was most recently serving as the firm’s executive chairman …
FedEx founder and executive chairman Frederick Smith has died, CEO tells staff Read More »
By Deena Beasley (Reuters) -Eli Lilly said on Saturday its experimental pill orforglipron helped diabetics lose weight and lower their blood sugar, and the company aims to announce in the third quarter trial results for the drug in overweight and obese people without diabetes. Lilly expects to submit the non-diabetes Phase 3 data to global …
Lilly expects orforglipron obesity results in third quarter Read More »
(Reuters) -Japanese carmaker Toyota Motor said on Saturday it will raise prices for some vehicles sold in the United States by an average of $270 starting in July. The automaker’s decision follows U.S. President Donald Trump’s imposition of a 25% tariff on imported vehicles and auto parts. A Toyota spokesperson, however, denied the tariff directly …
Toyota to raise US auto prices by average $270 from July Read More »
(Reuters) -Apple executives have held internal talks about potentially bidding for artificial intelligence startup Perplexity, Bloomberg News reported on Friday, citing people with knowledge of the matter. The discussions are at an early stage and may not lead to an offer, the report said, adding that the tech behemoth’s executives have not discussed a bid …
Apple executives held internal talks about buying Perplexity, Bloomberg News reports Read More »
By Erwin Seba HOUSTON (Reuters) -Marathon Petroleum continued assessing damage on Friday to the shut residual hydrotreating unit (RHU) at its 631,000-barrel-per-day Galveston Bay Refinery in Texas City, Texas, from a June 14 fire, said people familiar with plant operations. The assessment began after the fire on the 64,000-bpd RHU was extinguished on the night …
Marathon assessing damage at Texas City refinery, sources say Read More »
By Kanishka Singh WASHINGTON (Reuters) -President Donald Trump’s administration said on Friday it was suspending enforcement of a “burdensome” farmworker rule from former President Joe Biden’s administration. The 2024 rule provided protection for workplace organizing to foreign farmworkers in the U.S. on H-2A visas. The U.S. Department of Labor said the rule had already been …
Trump administration suspends enforcement of Biden-era farmworker rule Read More »
