By Hyunjoo Jin and Kiyoshi Takenaka SAN FRANCISCO/TOKYO (Reuters) – Panasonic said on Wednesday that it will delay the commercial production of its 4680 battery cells championed by Tesla CEO Elon Musk and begin operations during the April to September period in 2024, later than previously scheduled, as the company aims to improve their performance. …
By Ahmed Aboulenein WASHINGTON (Reuters) – The U.S. government on Thursday will end the COVID-19 Public Health Emergency that allowed millions of Americans to receive vaccines, tests and treatments at no cost. The emergency is also tied to telehealth flexibilities, Medicaid enrollment safeguards, and the ability of government health agencies to collect data on the…
By Shreyashi Sanyal, Shristi Achar A and Carolina Mandl (Reuters) – The Nasdaq led gains among Wall Street’s main indexes on Wednesday as a slightly lower-than-expected increase in April inflation raised hopes that the Federal Reserve’s interest rate hiking cycle is close to an end. The Labor Department’s Consumer Price Index (CPI) rose 4.9% in…
(Reuters) -Microsoft Corp said on Wednesday it will not raise salaries for full-time employees this year, citing tough economic conditions, but will continue with its bonuses, stock awards and promotions. The company, which is now squarely focused on the lucrative generative AI, had in January decided to let go 10,000 employees, joining other technology companies…
By Michael Holden LONDON (Reuters) -The publisher of a British tabloid has apologised to Prince Harry for unlawfully seeking information about him, at the start of a lawsuit the royal is bringing over alleged “industrial-scale” phone-hacking in which he is due to give evidence. Harry, 38, and some 100 celebrities including actors, sports stars, singers…
(Reuters) -Billionaire Carl Icahn’s holding company said on Wednesday it was contacted by U.S. prosecutors, and it posted a surprise quarterly loss, sending its shares down 15% in the latest blow to the activist investor’s efforts to defend his empire from a wave of short selling days after a report by Hindenburg Research. It was…
BERLIN (Reuters) – With China and the U.S. fixated on each other, Europe is at risk of being paralysed in between and needs to steer its own agenda, German Economy Minister Robert Habeck said on Wednesday. “If we had to choose between the U.S. and China, we would have extreme problems,” Habeck said as he…
PARIS (Reuters) – The French economy is set to grow slightly in the second quarter when compared to the previous one, the country’s central bank said on Wednesday, as activity across sectors picked up steam. The Bank of France said companies polled in its monthly business sentiment survey reported activity in April was stronger than…
By Rajesh Kumar Singh CHICAGO (Reuters) – Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the “new normal” as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes. Even as the thirst for travel remains strong, the changing trends…
By Nichola Groom (Reuters) – The Navajo Nation has withdrawn support for a Biden administration plan to stop new oil and gas drilling near a sacred site in New Mexico, saying its members could lose potential income tied to those resources. The move puts the tribe at odds with New Mexico’s Pueblo nations who support…
