DETROIT (AP) — The government will soon release data on collisions involving vehicles with autonomous or partially automated driving systems that will likely single out Tesla for a disproportionately high number of such crashes. In coming days, the National Highway Traffic Safety Administration plans to issue figures it has been gathering for nearly a year….
By Tom Wilson, Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) – Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network’s freezing of withdrawals and the prospect of sharp U.S. interest rate rises shook the volatile asset class. Bitcoin clawed its way to positive territory after much as…
WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve has just made borrowing even costlier. And the economy actually shrank in the first three months of this year. Is the United States at risk of enduring another recession, just two years after emerging from the last one? On…
Russian natural gas deliveries through a key pipeline to Europe will drop by around 40% this year, state-controlled energy giant Gazprom said Tuesday, after Canadian sanctions over the war in Ukraine prevented German partner Siemens Energy from delivering overhauled equipment. Germany’s utility network agency said it did not see gas supplies as endangered and that…
WASHINGTON (Reuters) -The United States, Canada and other countries have established a new partnership aimed at securing the supply of critical minerals as global demand rises for the elements, used in everything from computers to household appliances, the State Department said on Tuesday. Demand for critical minerals, which are essential for clean energy and other…
By Laura Sanicola (Reuters) -Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. Brent crude futures rose $1.37, or 1.1%, to $123.64 a barrel at 12:20 p.m. EDT (1620 GMT), while U.S. West Texas Intermediate (WTI) crude…
(Reuters) – Caterpillar Inc said on Tuesday it would move its global headquarters to Irving, Texas from its current location in Deerfield, Illinois. (Reporting by Nathan Gomes in Bengaluru; Editing by Shinjini Ganguli)
SEOUL, South Korea (AP) — Truckers in South Korea ended an eight-day strike that caused major disruptions to domestic production and cargo transport, their union and the government announced after negotiations Tuesday. Thousands of truckers joined the nationwide strike, calling for an extension of temporary guarantees of minimum wages amid soaring fuel prices. The strike…
By David Dolan TOKYO (Reuters) – Toyota Motor Corp heads into its annual general meeting on Wednesday under fire from New York City and Danish pension funds over its commitment to battery vehicles and lobbying on climate policy. Once a darling of environmentalists for the hybrid Prius model it popularised more than two decades ago,…
By Elizabeth Dilts Marshall NEW YORK (Reuters) -Wells Fargo & Co’s chief financial officer told investors on Tuesday the bank will not release funds it set aside to cover potential pandemic-related loan losses this quarter because of the “uncertainty” facing the U.S. economy. “We still think there’s significant risk that’s out there,” CFO Mike Santomassimo…
