MILAN (Reuters) -Iveco Group will buy full ownership of its joint venture with U.S. start-up Nikola Corp which develops battery electric and fuel cell heavy-duty trucks, the Italian truck maker said on Tuesday. With the move, Iveco will cut ties with the troubled Nikola, after forming the joint venture in 2019 to help the Italian…
FRANKFURT (Reuters) – The European Central Bank may need to raise interest rates for longer than currently anticipated, and September could be the earliest moment when policymakers can judge whether past rate hikes have been effective, ECB policymaker Peter Kazimir said on Tuesday. The ECB has lifted rates at each of its past seven meetings…
SHANGHAI (Reuters) – The American Chamber of Commerce in Shanghai said on Tuesday it was concerned about reports of investigations into U.S. due diligence and consulting firms in China and urged authorities to provide more guidance for the sector. “We are concerned by recent reports about investigations of US companies in China that specialize in…
SHANGHAI (Reuters) – The American Chamber of Commerce in Shanghai said on Tuesday it was concerned about reports of investigations into U.S. due diligence and consulting firms in China and urged authorities to provide more guidance for the sector. “We are concerned by recent reports about investigations of US companies in China that specialize in…
By Humeyra Pamuk, Gloria Dickie and Gwladys Fouche WASHINGTON/LONDON/OSLO (Reuters) – For nearly three decades, the Arctic Council has been a successful example of post-Cold War cooperation. Its eight members, including Russia and the United States, have cooperated on climate-change research and social development across the ecologically sensitive region. Now, a year after council members…
By Andrew Mills DOHA (Reuters) – International occupational health experts will urge Qatar on Tuesday to establish a heat stress “center of excellence” to influence other Gulf countries to strengthen protections for workers against extreme heat and humidity, two of the experts said. The experts, in Doha for a conference the International Labour Organisation is…
PARIS (Reuters) – The International Monetary Fund remains concerned about recent turbulence in the banking sector despite actions by the U.S. and Swiss authorities to deal with troubled banks on their watch, its chief economist Pierre-Olivier Gourinchas said on Monday. Speaking to journalists in Paris, he added that “the story is not over” and that…
(Reuters) – Battery recycler Li-Cycle Holdings Corp said on Tuesday it planned to develop a recycling hub in Italy along with Swiss miner and commodity trader Glencore Plc to produce battery materials including lithium. Canada-based Li-Cycle had earlier announced in March that it would be building a French battery processing facility amid rising demand for…
JAKARTA (Reuters) – Indonesia and Singapore condemned an attack on a convoy of their diplomats and an ASEAN humanitarian aid body in military-ruled Myanmar, and called for an end to violence and a commitment to dialogue between warring groups. Myanmar state media on Tuesday said “terrorists” with small arms attacked a convoy that was delivering…
By Kevin Buckland TOKYO (Reuters) – Asian stocks eased back from more than two-week highs on Tuesday as traders squared positions heading into a key U.S. inflation report, while gloomy Chinese trade data also kept risk sentiment in check. The dollar stabilized against major peers as U.S. yields remained elevated amid increased confidence that the…
