NEW YORK (AP) — Shares of Twitter slid more than 11% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement. Twitter is now preparing to sue Musk…
By Noah Browning LONDON (Reuters) -Oil prices fell in volatile trade on Monday, reversing most of the previous session’s gains as markets braced for an expected drop in demand because of mass testing for COVID-19 in China, which outweighed ongoing concern over tight supply. Brent crude futures fell $2.08, or 1.9%, to $104.94 by 1221…
LONDON (AP) — Candidates to replace Boris Johnson as Britain’s prime minister are scattering tax-cutting promises to their Conservative Party electorate, as party officials prepare Monday to quickly narrow the crowded field of almost a dozen candidates. Little-known junior minister Rehman Chishti became the 11th candidate to declare he wants to succeed Johnson, who quit…
LONDON (AP) — London’s Heathrow Airport apologized Monday to passengers whose travels were disrupted by staff shortages and warned it may ask airlines to cut more flights from their summer schedules to reduce the strain if the chaos persists. Heathrow, Britain’s busiest airport, said service levels have been unacceptable at times in recent weeks, with…
(Reuters) – Elon Musk on Monday mocked Twitter Inc’s threat to sue him following his move to abandon the $44 billion takeover deal, tweeting the social media firm would need to disclose more information on bots and spam accounts. The series of tweets on Monday was Tesla Inc chief’s first public response since he made…
STOCKHOLM (Reuters) – Swedish telecom equipment maker Ericsson, French aerospace group Thales and U.S. chipmaker Qualcomm plan to work jointly to develop a satellite-driven 5G network to improve terrestrial connectivity. A 5G mobile device that can connect with satellites would make communication possible from remote corners of the planet and provide a challenge to expensive…
KHARKIV, Ukraine (AP) — Russian missile strikes early Monday on Ukraine’s second-largest city killed at least three people and injured scores, including children, the local administrator said, describing the attacks in Kharkiv as “absolute terrorism.” Kharkiv regional Gov. Oleh Syneihubov said on Telegram that the Russian forces only hit civilian targets in three missile strikes…
BERLIN (AP) — A major natural gas pipeline from Russia to western Europe shut down Monday for annual maintenance as Germany prepared to give the green light for 10 coal-fired power plants to restart because of concerns that Russia may not resume the flow of gas as scheduled. The Nord Stream 1 pipeline runs under…
(Reuters) – Japanese automaker Toyota Motor Corp said on Monday it is extending the suspension of line 1 at its Motomachi plant, as it continue to investigate the cause of the recall for a certain model. The volume affected by the adjustment will be about 4,000 units, and the global production plan for July will…
BERLIN/LONDON (Reuters) – Physical gas flows through the Nord Stream 1 pipeline from Russia to Germany plunged on Monday morning as maintenance of the pipeline got underway, operator data showed. Physical flows dropped to 439,720 kilowatt-hours per hour (kWh/h) on Monday, from 9 am to 10 am, compared with physical flows over 29 million kwh/h…
