By Sam Jabri-Pickett TORONTO (Reuters) -The Ontario government on Friday offered to increase financial support for carmaker Stellantis’s battery plant in the province, a move Canada’s industry minister proclaimed a sign of progress in ending a stalemate over the stalled project. Stellantis on Monday stopped construction at a C$5 billion ($3.7 billion) electric-vehicle battery plant…
By Ernest Scheyder (Reuters) – The U.S. Forest Service has told a federal court it is not sure when it could approve a land swap allowing Rio Tinto Plc to develop the Resolution Copper mine in Arizona, a surprising reversal that boosts several Native American groups opposed to the project. The complex case involves a…
By Lisa Pauline Mattackal and Divya Chowdhury MUMBAI (Reuters) – Investors are looking beyond the U.S. technology sector’s bounceback this year for longer-term returns, as higher interest rates and an uncertain macroeconomic picture could present further headwinds, fund managers and strategists said. The tech-heavy Nasdaq Composite has jumped 21% this year, more than doubling the…
By Doina Chiacu and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told bank CEOs on Thursday that more mergers may be necessary after a series of bank failures, CNN reported on Friday, citing two people familiar with the matter. A Treasury spokesperson declined to comment on the meeting with CEOs of the largest…
By Marc Jones LONDON (Reuters) – The credibility and independence of central banks around the world is at risk if stubbornly-high global inflation rates are not bought under control, the head of the Bank for International Settlements has warned. The BIS, often referred to as the central bankers’ bank, has been calling for a robust…
(Reuters) -Samsung Electronics will not change the default search engine on its smartphones from Google to Microsoft Corp’s Bing any time soon, the Wall Street Journal reported on Friday, citing people familiar with the matter. Samsung has suspended an internal review that explored replacing Google with Bing on its web-browsing app, which comes pre-installed on…
By David Shepardson (Reuters) -Five TikTok users in Montana who create content posted on the short-video app filed a lawsuit in federal court seeking to block the state’s new ban on the Chinese-owned platform. Montana Governor Greg Gianforte on Wednesday signed legislation to ban TikTok in the state, effective Jan. 1. The five users seek…
By Hyonhee Shin and Hyunsu Yim SEOUL (Reuters) -President Yoon Suk Yeol met some South Korean survivors of the 1945 atomic bombing in the Japanese city of Hiroshima on the sidelines of a G7 summit on Friday. The meeting comes as Yoon pushes to close a chapter on historic feuds that have dominated ties with…
By Tom Balmforth and Sarah McFarlane LONDON (Reuters) -Russian military forces have been enhancing defensive positions in and around the Zaporizhzhia nuclear power plant in southern Ukraine in recent weeks, four witnesses said, ahead of an expected counteroffensive in the region. New trenches have been dug around the city and more mines have been laid….
TOKYO (Reuters) – Japanese automotive supplier Hitachi Astemo said on Friday it found misconduct over testing and other procedures for components had lasted as long as four decades, affecting a much wider range of plants and customers than previously disclosed. The comments come in the wake of news last month that Toyota affiliate Daihatsu rigged…
