SHANGHAI (Reuters) – U.S. luxury electric vehicle (EV) maker Lucid Group is preparing to enter the world’s largest auto market, its head of China operations Zhu Jiang said on Thursday. Lucid will sell imported cars in China while also considering local production in the country, according to a person familiar with the matter who was…
By Lewis Krauskopf NEW YORK (Reuters) – Worries that have dogged U.S. stocks for months are fading, pushing some Wall Street firms to raise their outlooks for equities and beckoning investors who have remained on the sidelines. Signs of strength in the economy, relief over a deal to raise the U.S. debt ceiling and an…
BEIJING/SHANGHAI (Reuters) -China on Thursday announced a nationwide campaign to promote automobile purchases in a major push to shore up demand in the world’s largest auto market. The announcement from the Ministry of Commerce came shortly after data showed passenger vehicle sales in China rose 7.3% in May from April, higher on the month but…
By Takaya Yamaguchi TOKYO (Reuters) – Japan aims to reform labour law, easing the way for couples to work and share household chores, in a bid to avert an expected sharp fall in the number of its young people by the 2030s, three government sources with direct knowledge of the matter said. Prime Minister Fumio…
By Gabriel Burin BUENOS AIRES (Reuters) – An expected fall in Mexico’s peso will likely be cushioned by its favorable interest rate spread, although there is a wide range of views on the currency’s prospects over the coming year, a Reuters poll of foreign exchange strategists showed. This week the peso extended a winning run…
By David Shepardson (Reuters) -Some flights into the New York City area and Philadelphia on Wednesday were delayed and others briefly halted because of reduced visibility from wildfire smoke from Canada. The Federal Aviation Administration (FAA) was slowing traffic but lifted a groundstop on flights from the upper Midwest and East Coast bound for New…
LOS ANGELES (Reuters) – A Hollywood actor who has appeared on such TV shows as “Arrested Development” and the cartoon hit “Bob’s Burgers,” was arrested on Wednesday for his role in the U.S. Capitol riot of Jan. 6, 2021, that sought to keep Donald Trump in the White House. Jay Johnston, 54, became the latest…
TOKYO (Reuters) – Japanese truck maker Isuzu Motors said on Thursday it was not planning to move a factory to Indonesia from Thailand, a day after the Indonesian industry minister signalled it would. “While our company continues to focus on Indonesia as a major market, there are no plans to relocate a Thai factory to…
TOKYO (Reuters) – Japanese truck maker Isuzu Motors said on Thursday it was not planning to move a factory to Indonesia from Thailand, a day after the Indonesian industry minister signalled it would. “While our company continues to focus on Indonesia as a major market, there are no plans to relocate a Thai factory to…
By Sheila Dang (Reuters) – Alphabet’s Google and Microsoft are inserting ads into AI experiments without providing an option to opt out of participation, an approach that has already rankled some brands and risks further pushback from the industry, ad buyers told Reuters. The two tech giants are racing to revamp their search engines with…
