PRAGUE (Reuters) – The war in Ukraine and supply bottlenecks will put a significant burden on Skoda Auto’s operating business in 2022, the Czech carmaker said on Tuesday, although it expects the supply of semiconductors to improve in the second half of the year. The carmaker, part of the Volkswagen Group and the Czech Republic’s…
DUBAI, United Arab Emirates (AP) — Yemen’s Iran-backed Houthi rebels this week struck the same oil storage tank in the Saudi Arabian city of Jiddah they had previously hit a year and a half ago, satellite photos showed Tuesday. Satellite photos by Planet Labs PBC, analyzed by The Associated Press, show the damage on Sunday…
(Reuters) – European shares rose on Tuesday, buoyed by energy stocks extending a rally on the back of higher oil prices and gains for banks following hawkish comments from the U.S. Federal Reserve chair. The pan-European STOXX 600 edged up 0.2% after a lacklustre start to the week. The European oil & gas sector index…
A look at the day ahead in markets from Sujata Rao A JPMorgan survey shows a record high 86% of its clients planned to raise equity exposure. It is unclear if those plans will have come unstuck after the latest spurt in oil and commodity, and galloping inflation expectations. The bank itself is warning central…
TOKYO (AP) — Japanese were urged Tuesday to conserve energy as the government warned of potential blackouts in the Tokyo region due to a shortfall in power generation after several coal-fired plants temporarily stopped generating electricity following an earthquake last week. The rare alert Tuesday came as people were using more heat than usual due…
By Lisa Pauline Mattackal and Bansari Mayur Kamdar (Reuters) – Bitcoin just isn’t anonymous enough for a growing cohort of crypto users who are seeking greater seclusion. A volatile class of crypto known as privacy coins, created with the primary aim of masking the identity of users and details of transactions, has quietly been gaining…
(Reuters) -Canadian Pacific Railway and union Teamsters Canada Rail Conference have agreed to a binding arbitration over a labour dispute, allowing for operations to resume from Tuesday at the country’s second-largest railroad. CP halted operations and locked its workers out early on Sunday, with each side blaming the other for a halt that could have…
TOKYO (AP) — Asian shares rose Wednesday, following a rally on Wall Street led by technology companies, although investors remain concerned about the war in Ukraine and inflation. Benchmarks were higher across the Asian region, despite worries about rising energy costs. Oil prices rose, while the dollar gained against the Japanese yen. Investors were also…
By Nick Carey and Christoph Steitz WOERT, Germany (Reuters) – The shift to electric cars may pose an existential threat to suppliers of combustion engines but for auto parts firms such as TE Connectivity the challenge is keeping up with demand. It makes the connectors that link miles of cables in cars to all things…
ORLANDO, Fla. (AP) — Even though only a small percentage of Walt Disney Co. workers participated in a walkout Tuesday, organizers felt they had won a moral victory with the company issuing a statement denouncing the anti-LGBTQ legislation that sparked employee outrage. Throughout the day, pockets of employees staged demonstrations at various sites across the…
