(Reuters) – Tesla Inc is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker’s chief Elon Musk tweeted on Thursday. When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he said the Class 8 truck would go into production by…
By Svea Herbst-Bayliss and Emma-Victoria Farr NEW YORK/FRANKFURT (Reuters) – Assa Abloy AB is considering options including selling its Yale and Emtek locks brands as it seeks to overturn U.S. antitrust opposition to its planned purchase of Spectrum’s Hardware and Home Improvement (HHI), three sources familiar with the matter said. Stockholm-listed Assa Abloy, the world’s…
LONDON (AP) — The British government opened a new licensing round for North Sea oil and gas exploration Friday despite criticism from environmentalists and scientists who say the move undermines the country’s commitment to fighting climate change. The Conservative government argues that extracting more fossil fuels from the North Sea will create jobs and strengthen…
PARIS (Reuters) – Wine production in France this year should reach 44.6 million hectolitres, 18% above last year’s frost-ravaged output, the farm ministry said on Friday as harvesting that started early due to dry summer conditions draws to a close. This was above the ministry’s forecast of 44.0 million hectolitres in September and 4% above…
If the squabbling ever stops over Elon Musk’s renewed bid to buy Twitter, experts say he still faces a huge obstacle to closing the $44 billion deal: Keeping his financing in place. Earlier this week, Musk reversed course and said he’d go through with acquiring the social media company under the same terms he agreed…
TAIPEI (Reuters) – Taiwan’s exports fell in September for the first time in more than two years on weakness in demand in major market China and stagnant consumer spending even as chip demand held up, with the government predicting more turbulence ahead. Exports fell 5.3% in September from a year earlier to $37.53 billion, the…
TOKYO (AP) — Japan’s Financial Services Agency ordered brokerage SMBC Nikko Securities to suspend its block trading operations for three months from Friday as part of penalties in a market manipulation case. That follows the arrest of its vice president, Toshihiro Sato, and several other employees on suspicion they put in massive buy orders to…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd flagged a worse-than-expected 32% drop in quarterly operating earnings on Friday, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. Samsung’s memory chip shipments likely came in below already downgraded expectations and prices could fall…
NEW YORK (AP) — Good news on the economy remains bad news for Wall Street, as stocks fell sharply Friday on worries a still-strong U.S jobs market may actually make a recession more likely. The S&P 500 ended 2.8% lower after briefly dropping 3.3% as traders weighed a government report showing employers hired more workers…
By John Revill ZURICH (Reuters) -Credit Suisse will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled Swiss bank said on Friday, making a show of strength as it seeks to reassure investors after a tumultuous week. The move trims the Swiss bank’s debt burden and is an attempt to…
