By Stephen Nellis (Reuters) – Major U.S. chip firms on Monday were coming around to support a package of chip industry subsidies despite earlier concerns that legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel Corp. Senate Majority Leader Chuck Schumer has told lawmakers that a vote could come as early as…
TUNIS, Tunisia (AP) — The leader of Tunisia’s main opposition party has been questioned by the country’s counterterrorism unit Tuesday on suspicion of money laundering and terrorism financing through an association charity. It’s unclear how long the counterterrorism hearings could last for Rached Ghannouchi, 81, who is the leader of the Islamist Ennahdha party. Critics…
WARREN, Mich. (AP) — In their first rollouts of electric vehicles, America’s automakers targeted people who value short-range economy cars. Then came EVs for luxury buyers and drivers of pickups and delivery vans. Now, the companies are zeroing in at the heart of the U.S. auto market: The compact SUV. In their drive to have…
By Tom Hals and Sheila Dang (Reuters) -Twitter Inc’s lawsuit seeking to hold Elon Musk to his $44 billion takeover will go to trial in October, a Delaware judge ruled on Tuesday, adopting a schedule closer to the proposal by the social media company. Twitter Inc and Musk laid out competing proposals for the trial…
BRUSSELS (AP) — Expecting that Russian President Vladimir Putin will cut off vast natural gas supplies to the European Union, the bloc’s head office is set to propose energy cuts and savings Wednesday that might make for a much colder winter, but one without massive disruptions. Since Russia invaded Ukraine, the EU has approved bans…
Tesla CEO Elon Musk lost his fight to delay Twitter’s lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the “cloud of uncertainty” over the social media company after the billionaire backed out of a deal to buy it. “Delay threatens irreparable harm,” said Chancellor Kathaleen St. Jude McCormick, the…
BOSTON (AP) — A popular Chinese-made automotive GPS tracker used in 169 countries has severe software vulnerabilities, posing a potential danger to highway safety, national security and supply chains, cybersecurity researchers have found. A report by the Boston cybersecurity firm BitSight says the flaws could let attackers remotely hijack device-equipped vehicles, cutting off fuel to…
(Reuters) -Employees at a Miami investment firm had learned of a pending merger deal between former President Donald Trump’s social media company and a blank-check entity long before it was announced, the New York Times reported on Monday, citing three people familiar with the discussions. Officials of the firm, Rocket One Capital, at the time…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar fell against the euro for a third straight session on Tuesday, following a Reuters story that European Central Bank policymakers are considering raising interest rates by a bigger-than-expected 50 basis points at their meeting on Thursday to tame record-high inflation. The rebound in the euro,…
WARSAW, Poland (AP) — Ukraine became an association country of the International Energy Agency on Tuesday, with both stressing that closer cooperation will help Europe face what is expected to be a hard winter amid an energy crisis tied to Russia’s war in Ukraine. “I believe this winter may become a historic test of European…
