By Piotr Lipinski and Christoph Steitz (Reuters) – Volkswagen on Wednesday announced key partnerships to secure raw materials Europe’s largest carmaker needs to realise its ambitious electric vehicle strategy, eager to close a gap with rival Tesla . At the core of the three agreements, which are part of VW’s 30 billion euro ($34 billion) …
Volkswagen secures raw materials as part of $34 billion battery push Read More »
(Reuters) -The parties to the war in Yemen each have their own agenda, making the conflict hard to resolve. Here are some of these groups and what they want: THE HOUTHIS In the late 1990s, the Houthi family in far north Yemen set up a religious revival movement involving the Zaydi sect of Shi’ite Islam, …
By Ian Ransom MELBOURNE (Reuters) – Pat Cummins took a five-wicket haul in a dream start to his Australia captaincy as England were skittled for 147 by tea at the Gabba before rain brought the opening day of the Ashes to an early close. Australia’s first fast-bowling skipper in 65 years, Cummins shone on a …
Cricket – Cummins shines, England crumble on rain-hit Ashes opening day Read More »
(Repeats without garble in headline, no other changes) By Gergely Szakacs BUDAPEST/BUCHAREST (Reuters) – Matei Susnea has criss-crossed Bucharest’s frosty streets in search of a Christmas tree he can afford, but with prices of everyday items surging, he fears he and his family will have to do without this year. Like millions of others, the …
East Europeans tighten belts for Christmas as inflation bites Read More »
(Reuters) – Meta Platforms Inc, formerly known as Facebook, said on Wednesday it would ban all Myanmar-military controlled businesses from having a presence on its platforms in an expansion of its earlier curbs on the country’s security forces. The U.S tech giant had already announced in February it would stop all entities linked to the …
Meta to ban all Myanmar-army controlled businesses from platforms Read More »
BEIJING (Reuters) – U.S. electric vehicle maker Tesla Inc sold 52,859 China-made vehicles in November, including 21,127 for export, the China Passenger Car Association (CPCA) said on Wednesday. Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 54,391 China-made vehicles in October, including 40,666 that were exported. Chinese EV …
Tesla sold 52,859 China-made vehicles in November – CPCA Read More »
(Reuters) -Centamin Plc said on Wednesday that a review of its Sukari mine in Egypt indicated the largest reserve growth in a decade. The London-listed miner said the increased reserve in excess of one million ounces at Sukari, its sole gold mine, underpins its plans to produce 500,000 ounces per annum of gold over the …
Centamin expects higher gold output on Sukari boost Read More »
HELSINKI (Reuters) -Finnish insurance group Sampo has bought a 30% stake in British property and casualty insurance company Hastings from South Africa’s Rand Merchant Investment (RMI), Sampo said on Wednesday. The 685 million pound ($907.08 million) deal includes an option that RMI held to buy 10% of Hastings from Sampo by May 2022 and now …
Finland’s Sampo buys remaning stake in UK insurer Hastings Read More »
(Reuters) -British homebuilder Taylor Wimpey said on Wednesday its Chief Executive Officer Pete Redfern will step down from his role after spending more than 14 years at the helm. Redfern was previously the CEO of UK housing land development firm George Wimpey and oversaw its merger with Taylor Woodrow that created Taylor Wimpey in 2007. …
Homebuilder Taylor Wimpey’s CEO to step down after 14 years Read More »
(Reuters) – Upper Crust owner SSP warned of uncertainty from the Omicron variant of the coronavirus, even as sales improved to two-thirds of pre-pandemic levels in recent months thanks to an extended European summer and workers returning to offices. SSP said on Wednesday that in stress-testing scenarios regarding the new variant, it assumed that sales …
Upper Crust owner flags Omicron uncertainty, sales improve Read More »
