HAMBURG (Reuters) – A deal between Daimler Truck and Toyota Motor Corp to combine their truck units in Japan will give the German group a more “balanced” market position in Asia and reduce its reliance on China, Daimler Truck’s CEO said on Tuesday. During a conference call, Martin Daum initially said the tie-up would have…
WASHINGTON (Reuters) – The International Monetary Fund said on Tuesday that it has reached a staff-level agreement with Ukraine for the first review of the war-torn country’s $15.6 billion IMF loan program, which would allow for a $900 million disbursement to Kyiv upon approval by the IMF Executive Board. The IMF said in a statement…
BEIJING (Reuters) -Tesla Chief Executive Elon Musk on Tuesday kicked off a high-stakes visit to China with a meeting with the country’s foreign minister in Beijing, marking his return to the electric carmaker’s largest production hub after three years. The trip is the latest return by a top U.S. CEO to China since the country…
ISTANBUL (Reuters) – A Turkish court acquitted three people over former Nissan boss Carlos Ghosn’s escape via Istanbul to Lebanon after fleeing Japan, a lawyer for one of the defendants said on Tuesday. A jet company executive and two pilots, who were detained for several months, were convicted to four years and two months in…
(Reuters) – U.S. households that faced challenges in paying for their basic energy needs were billed about 19% more per square foot than the national average in 2020, the U.S. Energy Information Administration (EIA) said on Tuesday. On average, households were billed $1.04 per square foot for energy usage in 2020, the EIA said in…
NAIROBI (Reuters) – The World Bank said on Tuesday it approved a $1 billion loan to Kenya to support its budget as East Africa’s economic powerhouse confronts high debts and a weakening currency. The lending will be done through an instrument called a Development Policy Operations (DPO) loan, which commits Kenya to instituting reforms aimed…
By David Shepardson WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said Tuesday it is closing its investigation into 580,000 Tesla vehicles over the automaker’s decision to initially allow games to be played on the front center touchscreen. Shortly after NHTSA opened its investigation into Tesla’s “Passenger Play” in December 2021, Tesla agreed…
By Brad Brooks and Maria Caspani LUBBOCK, Texas (Reuters) -The Texas House on Saturday voted to impeach Attorney General Ken Paxton, a conservative firebrand and ally of former President Donald Trump who has been accused by his fellow Republicans of abuse of office. In historic proceedings, the 149-member House voted 121-23 to impeach Paxton after…
LONDON (Reuters) – OPEC and its allies, including Russia, meet in Vienna on June 4 to decide on their output policy. The group, known as OPEC+, agreed on April 2 to increase crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand, after several members pledged unilateral cuts. The…
WASHINGTON (Reuters) – U.S. single-family home prices increased solidly on a monthly basis in March, boosted by a persistent shortage of properties on the market, though the overall trend continued to point to a slowdown in house price inflation. The S&P CoreLogic Case-Shiller national home price index, covering all nine U.S. census divisions, climbed 0.4%…
