By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years amid renewed labor market optimism, while business spending appeared to hold up in May, indicating the economy remained on solid footing despite fears of a recession. Hopes that the economy could avoid a downturn in…
(Reuters) – Swedish carmaker Volvo Cars said on Tuesday it had signed an agreement with Tesla to give its electric vehicles (EVs) access to the EV maker’s Supercharger network in the United States, Canada and Mexico. The deal makes Volvo the first European automaker to adopt Tesla’s North American Charging Standard (NACS), adding to the…
(Reuters) – Swedish carmaker Volvo Cars said on Tuesday it had signed an agreement with Tesla to give its electric vehicles (EVs) access to the EV maker’s Supercharger network in the United States, Canada and Mexico. The deal makes Volvo the first European automaker to adopt Tesla’s North American Charging Standard (NACS), adding to the…
By Gram Slattery and Michael Martina WASHINGTON (Reuters) -Former U.N. ambassador Nikki Haley staked out one of the most hawkish positions on China in the 2024 Republican presidential field on Tuesday, calling for Washington to drastically limit ties with its geopolitical foe to address a dramatic rise in overdose deaths attributable to fentanyl in the…
By Michael Martina WASHINGTON (Reuters) – Republican lawmakers on Tuesday urged the U.S. State Department not to renew a decades-old U.S-China agreement on scientific cooperation, arguing that Beijing would seek to use it to help its military. The deal, signed when Beijing and Washington established diplomatic ties in 1979 and renewed about every five years…
By Dietrich Knauth (Reuters) – Johnson & Johnson’s proposed $8.9 billion settlement of thousands of lawsuits alleging that its talc products cause cancer faces a crucial hurdle this week as a U.S. bankruptcy judge in New Jersey considers whether or not a J&J subsidiary may resolve them by filing for bankruptcy a second time. J&J…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate came in at 3.4% in May, its slowest pace in two years, data showed on Tuesday, weakening the case for another interest rate hike as soon as next month. Analysts polled by Reuters had expected annual inflation to drop to 3.4% from 4.4%…
By Dawn Chmielewski, Danielle Broadway and Sachin Ravikumar LOS ANGELES/GLASTONBURY, England (Reuters) – Call it Beyflation. Or maybe Swiftflation. The cost of certain goods is retreating in some places, but that doesn’t include live music. Concert tickets have surged in price, to the point where economists are noticing. Fans are shelling out a fortune for…
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) – LVMH chairman and CEO Bernard Arnault has touched down in China, kicking off a flurry of interest on social media in a key market for his group’s sprawling luxury empire. The executive, who was expected to make a visit this month, walked through the WF Central…
By Jarrett Renshaw (Reuters) -Washington state plans to require electric vehicle charging companies to include Tesla’s plug if they want to be part of a state program to electrify highways using federal dollars, an official told Reuters on Thursday. Washington follows the move by Texas to mandate Tesla’s technology, The North American Charging Standard (NACS),…
