By Maxwell Akalaare Adombila and Boureima Balima ACCRA/NIAMEY (Reuters) -The West African bloc ECOWAS stands ready to intervene militarily in Niger should diplomatic efforts to reverse a coup there fail, a senior official told army chiefs who were meeting in Ghana on Thursday to discuss the details of a standby force. Niger military officers deposed…
By Aishwarya Venugopal and Siddharth Cavale (Reuters) -Walmart Inc raised its full-year forecasts and beat second-quarter sales and profit estimates on Thursday, citing strong demand for its low-priced groceries and health and wellness products. Shares in Walmart, which have climbed 12.3% this year, were down slightly in morning trading. “The earnings report from the world’s…
(Reuters) – Warren Buffett donated nearly $27 million of Berkshire Hathaway stock this week to an unnamed charity, the latest move in the billionaire investor’s plan to give away his fortune. Berkshire disclosed Buffett’s donation of 50 Class A shares in a Wednesday night filing with the U.S. Securities and Exchange Commission. The donation was…
(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…
