By Sarah Wu, Jane Lanhee Lee and Kevin Krolicki TAIPEI/SHANGHAI/SINGAPORE (Reuters) – From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. Pang has bought 62,000 microcontrollers, chips that help control a…
FARNBOROUGH, England (AP) — Airplanes are a minor contributor to global greenhouse-gas emissions, but their share is sure to grow as more people travel in coming years — and that has the aviation industry facing the prospect of tighter environmental regulations and higher costs. The industry has embraced a goal of reaching net-zero greenhouse-gas emissions…
LONDON (Reuters) – The euro rallied on Tuesday after a Reuters story that European Central Bank policymakers will discuss whether to raise interest rates by 25 or 50 points at their meeting on Thursday to tame record-high inflation. The gains in the euro, which sent it surging away from the sub-parity levels of last week,…
A look at the day ahead in markets from Sujata Rao Much of the inflationary heat across the developed world has been generated by labour shortages. But of late, a raft of U.S. corporations — Meta, Tesla, Apple and Goldman Sachs among them — have warned they will slow hiring. The warnings tanked Wall Street…
PARIS (Reuters) -The French government is offering 12 euros per share to take full control of EDF , Europe’s biggest nuclear power operator, in a 9.7 billion euros ($9.85 billion) buyout offer that gives it a free hand to run the group as it contends with a European energy crisis. The finance ministry said in…
BANGKOK (AP) — Asian shares advanced Wednesday after Wall Street rallied to its best day in more than three weeks as companies reported strong profits for the past quarter. Tokyo’s Nikkei 225 jumped 2.5% to 27,631.50 while the Hang Seng in Hong Kong gained 2% to 21,068.85. In Seoul, the Kospi added 1% to 2,395.19….
OSLO (Reuters) -Norwegian telecoms operator Telenor on Tuesday reported second-quarter earnings slightly above forecasts and reiterated its outlook, though it will try to bring rising costs under control in the second half of the year. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for April-June rose 1.2% year-on-year to 12.5 billion crowns ($1.24 billion),…
(Removes repeated sentence) By Andrea Shalal SEOUL (Reuters) -The United States will impose harsh consequences on countries that break the international economic order, Treasury Secretary Janet Yellen said on Tuesday. “Economic integration has been weaponised by Russia,” she said, calling for all responsible countries to unite in opposition to Russia’s war in Ukraine. The United…
MEXICO CITY (Reuters) – General Motors said on Monday that it will build the 2024 Chevrolet Blazer EV, an electric vehicle, at a plant in the northern Mexican city of Ramos Arizpe. The car will be ready to be sold in Mexico by the end of 2023, GM said in a press release. (Reporting by…
By Jacob Gronholt-Pedersen, Niklas Pollard and Gwladys Fouche STOCKHOLM/COPENHAGEN/OSLO (Reuters) – SAS and pilots unions reached a wage deal on Monday, ending a strike over a new collective bargaining agreement that has grounded hundreds of flights and thrown the airline’s future into doubt. A majority of SAS pilots in Sweden, Denmark and Norway walked out…
