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ROME (Reuters) -A Tesla senior executive has cancelled her attendance at a conference in Rome over fears of protests surrounding the carmaker in response to CEO Elon Musk’s right-wing activism. Tesla cars, infrastructure and offices have recently become targets of vandalism in several countries, including Italy. The group’s sales have nosedived along with its share …

Tesla exec cancels Rome conference trip over security concerns Read More »

By Allison Lampert, Shivansh Tiwary and David Shepardson (Reuters) -Boeing’s CEO pledged on Wednesday to protect the U.S. planemaker’s recovery from the effects of a U.S.-China trade war, after reporting a smaller-than-expected quarterly loss and higher jet output that boosted shares by 6% in midday trade. The trade dispute led to the recent return of …

Boeing tackles US-China trade threat, shares rise on smaller-than-expected loss Read More »

SHANGHAI (Reuters) -Chinese automaker Geely plans to open its pool of battery safety patents to the entire auto industry, the company said at a media event at the Shanghai auto show on Wednesday. Geely said it has obtained more than 1,500 safety patents. (Reporting by Casey Hall; Editing by Jamie Freed)

By Niket Nishant (Reuters) -CME Group chief Terry Duffy said on Wednesday the last six to eight weeks were “some of the most unprecedented times that we have seen”, emphasizing the degree to which U.S. President Donald Trump’s tariffs have impacted the market. The derivatives exchange, which facilitates trading of futures and options, posted record …

CME chief flags ‘unprecedented’ conditions after tariff turbulence spurs business Read More »

By Timothy Aeppel BLYTHEVILLE, Arkansas (Reuters) – Thomas Reisinger commutes almost an hour-and-a-half each way for a job in a cavernous steel processing plant here. “I don’t speed,” he said dryly. Some of his coworkers come from much farther, including one who spends workweeks living in a camper and returns home only at weekends. This …

Tariffs may mean more US steel jobs. Will there be workers to fill them? Read More »

By Anshuman Tripathy (Reuters) -U.S. railroad operator Norfolk Southern reaffirmed its annual forecast after topping first-quarter revenue estimates on Wednesday, on the back of increased volume in intermodal freight transport. Shares of the Atlanta, Georgia-based company rose as much as 4%. Container imports to the United States hit record highs in January and February as …

Norfolk Southern reaffirms annual forecast, tops first-quarter revenue estimates Read More »

TAIPEI (Reuters) -Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday that there was currently no ongoing merger activity, following reports the company and U.S.-based GlobalFoundries are considering a tie-up. UMC and GlobalFoundries are looking into whether to merge, two sources familiar with the matter told Reuters last month. A combined company would establish a …

Chipmaker UMC says no merger ‘activity’ right now, amid GlobalFoundries talk Read More »