By Susanna Twidale, Isla Binnie and Kate Abnett (Reuters) – Europe’s plan to roughly double renewable power generation by the end of the decade to cut its emissions and reliance on imported Russian fuel is under threat from market turbulence that has shaken the economics of the shift to low carbon energy. Russia’s war on…
TOKYO (AP) — Shares were mostly higher in Asia on Friday led by a 5.8% jump in Hong Kong’s Hang Seng index as Chinese markets were lifted by speculation that Beijing might begin to ease pandemic restrictions. Tokyo’s Nikkei fell, catching up after Japan’s markets were closed Thursday for a holiday. Investors are watching for…
TOKYO (Reuters) – Nissan Motor Co has temporarily stopped taking new orders of its recently unveiled light electric vehicles (EVs) because of prolonged delivery periods of a year or more, a Nissan spokesperson said on Thursday. The Japanese automaker stopped taking orders of the Sakura, fully electric micro “kei” cars, at the end of the…
By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Thursday after the U.S. Federal Reserve shifted the outlook on tightening from short and sharp to long and high, putting to rest any thought of a near-term pause. Investors were initially cheered that the Fed at least opened the door to a slowdown in the…
DALLAS (AP) — U.S. airlines will have to pay more than they expected to reach new contracts with pilots, who are using the leverage of a pilot shortage and rising travel demand to seek significant wage increases. The Allied Pilots Association said Wednesday that its board voted 15-5 to reject an offer by American that…
The attorneys general of California, Illinois and the District of Columbia are suing Albertsons in an effort to stop the grocery chain from paying a nearly $4 billion dividend to its shareholders. The lawsuit, filed Wednesday in U.S. District Court in Washington, D.C., asks the court to block the payment until the attorneys general have…
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding a central role in the midterm elections. Powell suggested that the Fed may decide in coming months to slow its aggressive interest rate increases. Yet he also…
By Simon Jessop and Ross Kerber LONDON/NEW YORK (Reuters) – BlackRock, the world’s biggest asset manager, said on Thursday it would expand the number of clients eligible to choose how to vote at company annual meetings on everything from executive pay to climate strategy. The “Voting Choice” program announced last year by the $8 trillion…
BEIJING (Reuters) – Chinese electric vehicle maker Nio on Thursday confirmed production has resumed at its two factories in eastern Chinese city Hefei, after suspending it due to COVID-19 curbs. (Reporting by Beijing newsroom; Editing by Tom Hogue)
By Arpan Varghese SINGAPORE (Reuters) – Oil futures fell early on Thursday as the dollar firmed on the Federal Reserve’s hawkish stance, but concerns over looming supply risks kept a floor under prices. Brent crude shed 44 cents, or 0.5%, to $95.72 a barrel at 0146 GMT, while U.S. West Texas Intermediate (WTI) crude futures…
