(Corrects designation in para 2) By Aditi Shah NEW DELHI (Reuters) – Tata Motors, India’s top-selling electric carmaker, said the cost of battery cells had increased by around 20% because of a global surge in raw material prices, mainly lithium, putting pressure on the company in the short-term. Shailesh Chandra, managing director of the passenger…
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s oil chief said markets are going through a “jittery period” and reiterated Tuesday that the kingdom’s ability to ensure energy security is no longer guaranteed. Energy Minister Prince Abdulaziz bin Salman said cross-border attacks have put to question “our ability to supply the world with the necessary…
TROSTYANETS, Ukraine (AP) — The bodies of two Russian soldiers lie abandoned in the woods. Ukrainian forces piled atop a tank flash victory signs. Dazed people line up amid charred buildings to reach for aid. These are the sights in a Ukrainian town that has seized back control from Russian forces, at least for now….
By Iain Withers LONDON (Reuters) -Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded stock roughly equivalent to a 3% stake in the lender. An unnamed investor launched a sales process for 575 million shares on Monday evening, facilitated by Goldman Sachs. The offering…
LONDON (AP) — British police are fining 20 people over parties held by Prime Minister Boris Johnson and his staff during coronavirus lockdowns, and say that more people could face penalties. The Metropolitan Police force said Tuesday it wouldn’t identify the recipients of the fixed penalty notices, though Johnson’s office said it would reveal if…
A look at the day ahead in markets from Sujata Rao It’s not just the costs of producing goods that’s going up, the price that must be paid to transport them shows no sign of easing — shipping a 40-foot container unit by sea costs double what it did a year ago and remains six…
SHANGHAI (Reuters) – General Motors’ joint venture in Shanghai has maintained production amid the city’s lockdown by asking workers to sleep on factory floors and getting passes for trucks to continue deliveries, two people familiar with the matter said. Such measures equate to a “closed-loop” management process, which China’s financial hub has asked companies to…
BEIJING (AP) — Asian stock markets followed Wall Street higher on Wednesday as talks on ending Russia’s war on Ukraine appeared to make progress. Shanghai, Hong Kong and Sydney advanced, while Tokyo declined. Oil prices advanced less than $1 per barrel. That followed Russia’s announcement it would scale back military operations near Ukraine’s capital, Kyiv,…
BUDAPEST, Hungary (AP) — A grassroots civic initiative in Hungary, concerned over the integrity of an upcoming general election, has recruited more than 20,000 ballot counters to observe the high-stakes contest in which nationalist Prime Minister Viktor Orban will seek a fourth consecutive term. The effort to place at least two volunteer ballot counters in…
FRANKFURT (Reuters) – Germany’s H2 Mobility fuelling station network said on Tuesday it will get an extra 110 million euros ($121 million) over the next five years to roll out more infrastructure for fuel cell vehicles powered by hydrogen. Of the total sum, hydrogen investment platform Hy24 will inject 70 million euros through the Clean…
