TOKYO (Reuters) – A lack of resources means battery electric vehicles (BEV) cannot be the auto sector’s only answer to climate change, Toyota Motor Corp’s top scientist said Thursday, warning that focusing on BEVs could lead some drivers to hold onto polluting vehicles. Some investors and environmental groups have long criticised Toyota for being slow…
By David Lawder and Rodrigo Campos WASHINGTON (Reuters) – Suriname on Thursday cleared a hurdle on its way to restructure more than $600 million debt with private creditors as it secured an initial agreement to revive its program with the International Monetary Fund. The IMF said it reached a staff-level agreement with Suriname on the…
By Isla Binnie NEW YORK (Reuters) – Nuveen LLC is considering buying a big chunk of Ecuador’s new “blue bond” to help fund conservation of its wildlife-rich Galapagos Islands, with access to measurable impact data a key factor in the decision, one of the asset manager’s executives told Reuters. Ecuador sold the bond worth $656…
BERLIN (Reuters) – Germany’s BDI industry association urged the government on Thursday to reduce the electricity tax to the European minimum level to help companies in Europe’s largest economy remain competitive. “The BDI expects the government to swiftly agree a concept to ensure prices at internationally competitive costs in the long run,” it said in…
KYIV (Reuters) – Ukrainian President Volodymyr Zelenskiy set up a reintegration council on Thursday to advise on the restoration of Ukrainian rule over Crimea, saying liberation of the peninsula, seized by Russia in 2014, will “happen for certain”. He was speaking at a gathering in Kyiv to mark the anniversary of the mass Soviet-era deportation…
SANTIAGO (Reuters) -Chile’s economy grew for the second quarter in a row in early 2023 but failed to impress market participants as recovery in the world’s largest copper producer appears to remain hesitant. Gross domestic product rose 0.8% in the first quarter from the previous three-month period, the central bank said on Thursday, up from…
(Reuters) – The U.S. Consumer Product Safety Commission (CPSC) on Thursday approved a repair for a rear guard of Peloton Interactive Inc’s recalled ‘Tread+’ treadmill. The fitness equipment maker had announced a costly recall of its ‘Tread+’ treadmill in 2021 following the reports of multiple injuries and the death of a child in an accident….
(Reuters) – Apple Inc has lowered sales estimates for its long-awaited mixed-reality headsets by about two-thirds, Bloomberg News reported on Thursday, citing people familiar with the matter. The iPhone-maker had initially hoped to sell about 3 million units a year, but has now pared back those estimates to about 1 million, and then to 900,000…
(Reuters) – China’s Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations on Thursday and said it would list its cloud computing business in the next year. The company has been struggling to attract new users as China’s e-commerce sector matures and it grapples with inroads made by new competitors…
By Michael Holden LONDON (Reuters) – To supporters, Prince Harry and his wife Meghan being chased through the streets of New York by press photographers brought back memories of the death of his mother Princess Diana and epitomised the media harassment and intrusion they endure. For detractors, it was another show of the couple’s over-the-top,…
