HELSINKI (Reuters) – Finnish tyre maker Nokian Tyres said on Monday new sanctions imposed by the European Union (EU) on Russia will have a significant impact on its production. The sanctions, announced on Saturday, ban the import of tyres from Russia, Nokian said, and will affect the company’s ability to sell tyres both in Russia…
SHANGHAI (Reuters) -China’s measures to combat COVID-19 hurt output at its electric vehicle (EV) factories in March, with Tesla Inc’s Shanghai operation making barely more cars than in the traditionally low-production month of February. EV makers in China produced far fewer cars in total than expected in March, due to the pandemic measures, said Cui…
By Florence Tan and Isabel Kua (Reuters) – Oil prices slid more than $2 a barrel on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China lockdowns continued. Brent crude was down $2.32, or 2.3%, at…
BEIJING (AP) — Asian stock markets followed Wall Street lower Monday after the Federal Reserve indicated it might raise interest rates more aggressively to cool U.S. inflation. Shanghai, Tokyo, Hong Kong and South Korea all declined. Oil fell more than $2 per barrel amid concerns global economic growth might weaken. Investors are uneasy about possible…
(Reuters) -Twitter Inc’s biggest shareholder, Elon Musk, has decided not to join its board, Chief Executive Parag Agrawal said late on Sunday. Musk, who calls himself a free-speech absolutist and has been critical of Twitter, disclosed a 9.1% stake on April 4 and said he plans to bring about significant improvements at the social media…
SHANGHAI (Reuters) – U.S. electric vehicle (EV) maker Tesla Inc delivered 65,814 China-made vehicles in March, up 16% from the previous month, data from the China Passenger Car Association showed on Monday. But production at Tesla’s Shanghai factory, 55,462 cars, was only 154 units higher than in February, a shorter month during which workers usually…
