BERLIN (Reuters) – German Economy Minister Robert Habeck said on Thursday he had no information on any changes to Tesla’s plans in Germany. On Wednesday, German radio broadcaster rbb reported that the U.S. e-car maker’s plans to expand its factory outside Berlin had been shelved for the time being. (Writing by Rachel More; Editing by…
SHANGHAI (Reuters) – Tesla is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing where traffic plunged during COVID restrictions, two people with knowledge of the plans said. The shift would put more emphasis on stores in less-costly suburban locations…
By Kaori Kaneko and Daniel Leussink TOKYO (Reuters) – Japan’s efforts to stop the yen’s sharp falls through market intervention would be limited in its impact, a senior member of the country’s ruling party warned, as data showed the currency’s recent tumble blowing the trade deficit to a record. The Japanese yen held above 24-year…
TOKYO (AP) — Japan posted a record trade deficit in August as costs for imports of oil and gas soared, the government reported Thursday. The 2.82 trillion yen ($19.6 billion) deficit, the 13th in a row, was triple the deficit logged in the same month a year earlier. Customs-data showed exports rose 22% from a…
SEOUL, South Korea (AP) — Samsung Electronics is shifting away from fossil fuels and aiming to entirely power its global operations with clean electricity by 2050, a challenging goal that experts say could be hampered by South Korea’s modest climate change commitments. South Korea-based Samsung is a top producer of computer memory chips and smartphones…
By Scott Murdoch HONG KONG (Reuters) – China’s Tencent Music Entertainment Group said its shares are due to start trading in Hong Kong next Wednesday after the company carries out a secondary listing by introduction. The company said New York will remain its primary listing venue and the company’s U.S. and Hong Kong stock will…
By Wayne Cole SYDNEY (Reuters) -Australian employment bounced back in August after a surprise dip the month before and the jobless rate edged up just a tick from a 48-year low, underlining the resilience of the labour market in the face of rising interest rates. Figures from the Australian Bureau of Statistics on Thursday showed…
Roger Bennett remembers calling his father in Liverpool, England, and having his father hold the phone next to the television so he could experience his beloved Everton in the FA Cup semifinals. To say those days are long, thankfully gone, is an understatement. Technology, streaming packages, and the value of sports programming have allowed fans…
BEIRUT (AP) — A woman accompanied by activists and brandishing what she said was a toy pistol broke into a Beirut bank branch on Wednesday, taking $13,000 from her trapped savings. Sali Hafez told the local Al-Jadeed TV that she needed the money to fund her sister’s cancer treatment. She said she had repeatedly visited…
By Rae Wee SINGAPORE (Reuters) – The dollar stood near recent peaks on Thursday as markets increased bets the Fed has more work to do in its aggressive tightening streak to curb red-hot inflation, while wariness of intervention kept the yen steady. The Japanese currency hovered at 143.02 in Asia after jumping on Wednesday when…
