SHANGHAI (Reuters) – Tesla is aiming to resume production at its Shanghai factory from Monday, two sources familiar with the matter said, as it expects to see its first batch of workers released from a lockdown the city imposed to combat a surge in COVID-19 cases. Production at the U.S. automaker’s Shanghai factory, which produces…
(Reuters) – The union that Amazon.com Inc workers recently voted to represent them has demanded the company start bargaining in early May and cease any changes to employment terms at their warehouse in the interim, according to a letter the group issued Saturday on Twitter. The Amazon Labor Union also demanded the retailer respect workers’…
MEXICO CITY (Reuters) -Mexico, which has been subsidizing gasoline to soften price spikes, said on Saturday the policy would not apply in the U.S. border region this week, citing shortages as more Americans drive south to fill their tanks. The suspension of the subsidy from April 2-8 covers cities in the border states of Tamaulipas,…
LONDON (Reuters) – Britain could build up to seven new nuclear power stations as part of a radical expansion of homegrown energy following Russia’s invasion of Ukraine, Business Secretary Kwasi Kwarteng told The Sunday Telegraph. “There is a world where we have six or seven sites in the UK” by 2050, Kwarteng told the newspaper….
MEXICO CITY (Reuters) – Mexico, which has been subsidizing gasoline to shield residents from price spikes, announced on Saturday that the policy would not apply this coming week in the border region with the United States, including Tijuana, one of the busiest border crossings in the world. The government’s statement did not give a reason…
By Howard Schneider PRINCETON, N.J. (Reuters) -The Federal Reserve needs to move monetary policy towards a more neutral stance, but the pace at which it tightens credit will depend on how the economy reacts, New York Fed President John Williams said Saturday. Williams, in response to questions at a symposium about whether the Fed needed…
WASHINGTON (Reuters) – The Federal Reserve will need to keep a careful eye on how the economy reacts as it raises interest rates, and scale the pace of its rate increases accordingly, New York Fed President John Williams said on Saturday. Williams, citing events in 2019 when the economy slowed as the Fed approached a…
By Howard Schneider PRINCETON, N.J. (Reuters) – The Federal Reserve may begin trimming its balance sheet as soon as its May 3-4 meeting to address inflation risks that have become “particularly acute,” New York Fed chair John Williams said Saturday. With Fed rate increases underway and expected to continue, Williams, who also holds the title…
(Reuters) -Tesla Inc on Saturday reported record electric vehicle deliveries for the first quarter, but its production fell from the previous quarter as supply chain disruptions and a China plant suspension weighed. “This was an *exceptionally* difficult quarter due to supply chain interruptions & China zero Covid policy,” CEO Elon Musk tweeted. Tesla delivered 310,048…
(Reuters) -Elena Bunina is stepping down as chief executive of Yandex LLC, Russia’s biggest technology company, some two weeks before her tenure is due to expire on April 15, the company said on Saturday. “Elena Bunina is leaving (her) positions of CEO and HR director at Yandex LLC, it was her personal decision,” Yandex’s press…
