By Aishwarya Nair (Reuters) – Ford Motor Co said on Tuesday it will begin layoffs this week, impacting mostly engineering jobs in the U.S. and Canada, as part of the Detroit automaker’s move to exit unprofitable locations and cut headcount. The development comes after the company said in May it expects to take up restructuring…
By Mike Spector, Joseph White and Dietrich Knauth NEW YORK (Reuters) – U.S. electric truck manufacturer Lordstown Motors filed for bankruptcy protection on Tuesday and put itself up for sale after failing to resolve a dispute over a promised investment from Taiwan’s Foxconn. Shares of Lordstown tumbled 35% in trading on the Nasdaq. The company’s…
By Lawrence Delevingne (Reuters) – * At least 100 members of the last sitting Congress aredirect descendants of ancestors who enslaved Black people,representing at least 8% of Democrats in Congress and 28% ofRepublicans. * The group includes Republican senators Mitch McConnell,Lindsey Graham, Tom Cotton and James Lankford, and DemocratsElizabeth Warren, Tammy Duckworth, Jeanne Shaheen and…
By Tom Lasseter, Lawrence Delevingne, Makini Brice, Donna Bryson and Tom Bergin WASHINGTON (Reuters) – As U.S. lawmakers commemorated the end of slavery by celebrating Juneteenth this month, many of them could have looked no further than their own family histories to find a more personal connection to what’s often called America’s “original sin.” In…
By Alan Charlish WARSAW (Reuters) – Ryanair expects passenger numbers in central and eastern Europe (CEE) to surge by at least 50% over the next decade, the airline’s manager for the region said, as it looks to dominate in a less-developed market also targeted by Wizz Air. Europe’s biggest low-cost carrier has ordered as many…
TOKYO (Reuters) – What would society look like if cyborg body parts were freely available for use like roadside rental bicycles? Masahiko Inami’s team at the University of Tokyo have sought to find out by creating wearable robotic arms. Inami’s team is developing a series of technologies rooted in the idea of “jizai”, an Japanese…
By Ahmad Ghaddar LONDON (Reuters) -Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman earlier this month outlined one of the biggest reforms at OPEC in recent years and presented it as a reward for countries that invest in their oil industry. The change clears the way for giving larger production quotas to OPEC Gulf members…
By Manya Saini (Reuters) -Credit card giant American Express Co said on Tuesday Chief Financial Officer Jeffrey Campbell has decided to retire, and Deputy CFO Christophe Le Caillec would succeed him. Campbell will step down from his role effective Aug. 14. He joined American Express as CFO in 2013, and will remain with the company…
By Manya Saini (Reuters) -Credit card giant American Express Co said on Tuesday Chief Financial Officer Jeffrey Campbell has decided to retire, and Deputy CFO Christophe Le Caillec would succeed him. Campbell will step down from his role effective Aug. 14. He joined American Express as CFO in 2013, and will remain with the company…
By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank signaled on Tuesday that a majority of its policymakers see a possibility of a “parsimonious” rate cut at its next meeting in August, provided that a more benign inflation scenario consolidates. The minutes of the June 20-21 meeting, where the rate-setting committee known as Copom kept the…
