By Nichola Groom (Reuters) – First Solar Inc will spend $1.2 billion to expand its solar panel manufacturing operations in the United States, creating hundreds of jobs including with a new factory in the Southeast, the company said on Tuesday. It is among the first major corporate investments announced following the Inflation Reduction Act (IRA),…
PRAGUE (AP) — European Union nations were divided Tuesday over whether to slap a broad visa ban on Russian citizens, torn between a desire to ramp up pressure on President Vladimir Putin and concern about punishing people who may not even support his war on Ukraine. The 27-nation EU already tightened visa restrictions on Russian…
MILAN (Reuters) -Stellantis will halt its Sevel van making plant in central Italy from Wednesday to Saturday due to a shortage in supplies of parts, a spokesman for the company said on Tuesday. The Italian-French car maker has been taking decisions on its operations on a day-by-day, plant-by-plant basis since the start of the COVID…
NEW YORK (AP) — Best Buy posted lower fiscal second-quarter profits and sales as the nation’s largest consumer electronics chain struggled with weakening consumer demand for gadgets and high costs that rippled through its supply chain. But the results, announced on Tuesday, were above analysts’ expectations. That pushed shares up more than 2% higher in…
WASHINGTON (AP) — Following three straight monthly declines, U.S. consumer confidence rebounded in August as inflation moderated and gas prices fell. The Conference Board said Tuesday that its consumer confidence index rose in August to 103.2 from 95.3 in July. The business research group’s present situation index — which measures consumers’ assessment of current business…
WASHINGTON (AP) — The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite a weakening economy and high inflation. The increase that the government reported Tuesday will be a disappointment for Federal Reserve officials, who are seeking to…
By Nina Chestney LONDON – The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo maintenance from Aug. 31-Sept. 2, prompting concerns about supply to Europe if the outage is extended. Russia slashed flows through the pipeline to 40% of capacity in June and to 20% in July. It has also cut…
(Reuters) -Elon Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint from former security head of the social media firm as another reason to scrap the $44 billion deal. Last week, Peiter Zatko, a famed hacker known as “Mudge”, said in his complaint that Twitter prioritized…
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) – U.S. stock indexes were set for a higher open on Tuesday after a two-session hammering on fears of aggressive policy tightening by the Federal Reserve, with investors looking ahead to consumer confidence and job openings data later in the day. The benchmark S&P 500 index has…
TAIPEI, Taiwan (AP) — Arizona Gov. Doug Ducey arrived in Taiwan on Tuesday for a visit focused on semiconductors, the critical chips that are used in everyday electronics and have become a battleground in the technology competition between the U.S. and China. His visit is the latest in a recent string by U.S. politicians that…
