Updated

Ford aims to be world’s #2 electric vehicle maker within two years – COO

3 Dec 2021

By Paul Lienert (Reuters) – Ford Motor Co expects to be the world’s second largest electric vehicle manufacturer within two years, with annual production capacity of nearly 600,000, a top company executive said Friday. The automaker’s optimism stems from increasing demand for its next new EV, the Ford F-150 Lightning pickup, with retail reservations approaching …

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California adopts programs to ensure power supplies in 2022, 2023

3 Dec 2021

By Scott DiSavino (Reuters) – California utility regulators took several steps to help keep the lights on during summer in 2022 and 2023 after extreme heatwaves this year baked the U.S. West Coast and forced the state’s grid operator to impose rotating outages last year. The California Public Utilities Commission (CPUC) on Thursday approved steps …

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UK study finds mRNA COVID-19 vaccines provide biggest booster impact

3 Dec 2021

By Alistair Smout LONDON (Reuters) – COVID-19 vaccines made by Pfizer and Moderna that use mRNA technology provide the biggest boost to antibody levels when given 10-12 weeks after the second dose, a new British study has found. The “COV-Boost” study was cited by British officials when they announced that Pfizer and Moderna were preferred …

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Sterling extends losses as dollar rises after U.S. data

3 Dec 2021

By Stefano Rebaudo (Reuters) -Sterling weakened on Friday as the potential for earlier Federal Reserve interest rate hikes strengthened the dollar, while there was still uncertainty about whether the Bank of England will lift rates this month. BoE policymaker Michael Saunders, who voted for an interest rate hike in November, said on Friday he wanted …

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Juventus say prosecutors looking into terms of Ronaldo sale

3 Dec 2021

By Elvira Pollina and Emilio Parodi MILAN (Reuters) -Juventus said Italian prosecutors had ordered a new search of its offices under an investigation into the Serie A club’s financial accounting and were also examining the terms of the sale of star player Cristiano Ronaldo to Manchester United. Publishing a supplement to an investor document for …

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U.S. Chamber says FTC denied information requests

3 Dec 2021

WASHINGTON (Reuters) -The U.S. Chamber of Commerce said on Friday that the U.S. Federal Trade Commission had denied requests for information about its procedures, and said it was considering “legal options.” The Chamber, which represents U.S. businesses, has clashed with the regulator over votes cast by former Commissioner Rohit Chopra, who now heads the U.S. …

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Notable quotes from the Reuters Next conference

3 Dec 2021

(Reuters) – Reuters Next is hosting three days of interviews, panels and presentations with 150+ global leaders discussing the biggest business, social and environmental challenges for the year ahead. Following are some notable quotes from the conference which ends later on Friday. To watch the Reuters Next conference please register here https://reutersevents.com/events/next CHRISTINE LAGARDE, EUROPEAN CENTRAL …

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Exclusive-Venezuela government paying providers in dollars – sources

3 Dec 2021

By Mayela Armas CARACAS (Reuters) – Venezuela’s government – subject to sanctions by the United States and others – is increasingly paying providers in U.S. dollars as it seeks to reduce spending in its bolivar currency to control inflation, three sources with knowledge of the matter told Reuters. State oil company PDVSA, government entities and …

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Global tax deal leaves billion-dollar loopholes, Reuters analysis finds

3 Dec 2021

By Tom Bergin DUBLIN (Reuters) – Leaders of the world’s largest economies hailed a recent agreement to overhaul global corporate tax rules as key ensuring multinationals paid their fair share of tax. The October deal established a global minimum corporate tax rate of 15% aimed at curtailing profit-shifting to lower-tax jurisdictions such as Ireland, where …

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India sees impact of Omicron blunted by vaccination, prior infections

3 Dec 2021

By Krishna N. Das NEW DELHI (Reuters) – India expects the Omicron variant of coronavirus to cause less severe disease, the health ministry said on Friday, thanks to vaccinations and high prior exposure to the Delta variant that infected nearly 70% of the population by July. Junior doctors protested to demand that staff numbers be …

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