June 22, 2022
Citigroup Creates New Asia Leadership Structure – Memo
By Scott Murdoch HONG KONG (Reuters) – Citigroup Inc has created a new regional leadership structure for its Asian business,…
BMW Starts Production At New $2.2 Billion China Plant To Ramp Up EV Output
SHANGHAI (Reuters) – Germany’s BMW said on Thursday that production has formally begun at a new plant in China with…
Wall Street Ends Lower After Powell Remarks, As Energy Shares Drag
By Lewis Krauskopf, Devik Jain and Anisha Sircar (Reuters) – Wall Street’s main indexes ended with slim losses on Wednesday…
Exclusive-Bidders Weigh Offers Valuing Toshiba At Up To $22 Billion -sources
By Makiko Yamazaki, Kane Wu and Scott Murdoch TOKYO/HONG KONG (Reuters) -Bidders for Toshiba Corp are considering offering up to…
Volkswagen To Cut Working Hours, Wages In Brazil As Parts Shortage Deepens
SAO PAULO (Reuters) – Volkswagen AG is set to cut working hours and wages at its Sao Bernardo do Campo…
Musk Says Tesla’s New Car Factories ‘losing Billions Of Dollars’
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla Inc’s new car factories in Texas and Berlin are “losing billions of dollars”…
Piedmont Lithium Looks Abroad Amid North Carolina Uncertainty
By Ernest Scheyder (Reuters) – Piedmont Lithium Inc’s first steps toward securing lithium supplies will be in Quebec or Ghana,…
Amazon Has A Plan To Make Alexa Mimic Anyone’s Voice
By Jeffrey Dastin LAS VEGAS (Reuters) – Amazon.com Inc wants to give customers the chance to make Alexa, the company’s…
Fed’s Harker Says Interest Rates Should Reach Above 3%, Then Reassess
(Reuters) – The U.S. Federal Reserve should raise interest rates above 3% by the end of this year and then…
Coal for your Stockings
Desperate times call for desperate measures. In a surprising move, Germany announced it would restart coal-fired power plants and offer…