By David Shepardson WASHINGTON (Reuters) -Chrysler-parent Stellantis said on Tuesday it is recalling 219,000 Jeep Cherokee SUVs worldwide for fire risks and warned owners to park outside until repairs are made. The recall covers 2014 through 2016 model year Jeep Cherokee vehicles equipped with a power liftgate. An electrical short in the power liftgate module…
(Reuters) – Ukraine said it had shot down six Russian hypersonic Kinzhal missiles in a single night, thwarting a weapon Moscow has touted as a next-generation hypersonic missile that was all but unstoppable. FIGHTING * Ukraine said the missiles shot down included six Kinzhal ballistic missiles fired from aircraft. * “The work of air defences…
WASHINGTON (Reuters) – Allies of Mike Pence launched a Super PAC on Tuesday to garner support for the former vice president as he moves toward an expected run for the 2024 Republican presidential nomination. The political action committee will be led by former U.S. Representative Jeb Hensarling and longtime Republican strategist Scott Reed, the group…
(Reuters) – Richmond Federal Reserve President Thomas Barkin on Tuesday he likes the “optionality” implied in the central bank’s latest policy statement, but he is “comfortable” with raising interest rates further if that is what is needed to lower inflation. “I think the message sent in the last statement was one of optionality, it wasn’t…
(Our weekly analysis of the wild world of cryptocurrencies) By Lisa Pauline Mattackal and Medha Singh (Reuters) – Move over dogecoin? “Memecoins” – a hyper-speculative, ultra-volatile and somewhat peculiar class of crypto – are back in the spotlight after the latest digital token hit the market with stratospheric gains. Pepe, a coin inspired by an…
(Reuters) – A U.S. antitrust regulator said on Tuesday it will sue to stop Amgen’s $27.8 billion deal for Horizon Therapeutics Plc, as it would give Amgen “monopoly positions” in treatments for thyroid eye disease and chronic refractory gout. Here is a list of some mergers that recently faced strong antitrust scrutiny around the world:…
(Reuters) – A Colombian man has been sentenced to five years and two months in prison for spreading “fake news” about the actions of Russian armed forces in Ukraine in a rare case of Russia applying its war censorship laws against a foreigner, independent Russian news outlet Mediazona reported on Tuesday.Alberto Enrique Giraldo Saray was…
By Hyunjoo Jin and Tanya Jain (Reuters) -Tesla Inc CEO Elon Musk will be under pressure to address investor concerns about the lack of a clear successor, softening demand and delays of some new models when he speaks at the electric carmaker’s annual shareholder meeting on Tuesday. His commitments to ventures such as a new…
By Paul Sandle and Sarah Young LONDON (Reuters) -New Vodafone boss Margherita Della Valle said she would cut 11,000 jobs globally over three years to help the telecoms group regain its competitive edge after it warned that a poor performance in its biggest market Germany would hit cash flow. Shares in Vodafone, which has underperformed…
By Devayani Sathyan BENGALURU (Reuters) – The Philippines central bank will likely leave its key interest rate unchanged at 6.25% on Thursday, and keep it there for the rest of 2023, marking an end to a year-long tightening cycle as inflation shows signs of cooling, a Reuters poll found. Although annual inflation slowed to 6.6%…
