(Reuters) -Core Lithium has received a notice from electric-vehicle maker Tesla over a 2022 supply agreement that failed to materialize within the set deadline, the Australian miner said. The two companies failed to reach a deal by Oct. 26, 2022, as decided earlier, and now Tesla would take “all available legal remedies” unless the parties…
By David Lawder WASHINGTON (Reuters) – The U.S. Commerce Department on Thursday said it will impose preliminary anti-dumping duties on tin-plated steel imports from Canada, Germany and China, sparing five other countries in a decision that drew some relief from food can manufacturers that had feared higher tariffs. The department said the highest preliminary anti-dumping…
(Reuters) – Microsoft said on Thursday it would pull the plug on Xbox 360’s online store and marketplace next year, as it focuses on its latest consoles and subscription service Game Pass. Xbox 360 Store and Xbox 360 Marketplace will be shut on July 29, 2024, and gamers using the old console will not be…
AMSTERDAM (Reuters) -Economic growth in the Netherlands will be much slower than earlier expected this year, as a recession in the first half of 2023 ended a strong post-COVID 19 boom, government policy adviser CPB said on Thursday. Growth is set to drop to 0.7% in 2023 and 1.4% in 2024, the CPB said, after…
By Steve Scherer OTTAWA (Reuters) -A consortium of Ford Motor Co and South Korean companies on Thursday said they would build a C$1.2 billion ($887 million)plant to produce electric vehicle (EVs) battery materials in Becancour, Quebec, a town seeking to become an EV-supply-chain hub, Canada’s industry ministry said. The consortium includes South Korean partners EcoProBM…
By Abhirup Roy SAN FRANCISCO (Reuters) -Texas on Wednesday approved its plan to require companies to include Tesla’s technology in electric vehicle (EV) charging stations to be eligible for federal funds, despite calls for more time to re-engineer and test the connectors. The decision by Texas – the biggest recipient of a $5 billion program…
By Ankika Biswas and Shashwat Chauhan (Reuters) -European shares dropped on Thursday, with a slew of downbeat earnings weighing on sentiment as well as rising bond yields on further signs major central banks will keep interest rates higher for longer. The pan-European STOXX 600 closed 0.9% lower, hitting the lowest in over a month during…
By Sarah Morland and Marion Giraldo (Reuters) – Colombian financial conglomerate Grupo Aval on Thursday cut its 2023 loan growth forecast and hiked its cost of risk estimate, a day after it posted a 75% quarterly profit slump as costs of funds rose for its banking subsidiaries. The South American company, whose portfolio includes Banco…
(This Aug. 16 story has been corrected to change the surname to McLay from McKay in paragraphs 13-14) By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) – Walmart Inc on Wednesday promoted Kathryn McLay, CEO of its Sam’s Club unit, to head its $100 billion international business at a time when high inflation is squeezing…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued tightness in the labor market even as job growth slows. Labor market tightness is underpinning the economy, with data this week showing a solid increase in retail sales in July and a surge…
