SHANGHAI (Reuters) -Tesla has notified workers and suppliers that production at its Shanghai factory will not resume on Monday as it had hoped, according to an internal notice shared with Reuters. Reuters reported earlier on Sunday that the U.S. automaker aimed to resume production on Monday, citing two sources, as it expected to see its…
By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender CDP to start formal talks on potentially combining the phone group’s network with that of smaller broadband rival Open Fiber. The move comes as TIM boss Pietro Labriola presses ahead with a plan to revamp Italy’s biggest…
(Corrects spelling of name in the slug, no change to text) (Reuters) – Chinese fast fashion e-commerce startup Shein is weighing a funding round at a valuation of about $100 billion, Bloomberg reported on Sunday, citing people familiar with the matter. The online retailer is in talks with potential investors to raise about $1 billion,…
TOKYO (Reuters) – Japan may expand a subsidy programme for gasoline and other fuels among measures under consideration to ease soaring energy costs, the industry minister said on Sunday. The measure will be part of a fresh relief package which Japanese Prime Minister Fumio Kishida ordered his cabinet last Tuesday to put together by the…
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…
