By Gilles Guillaume and Elizabeth Pineau PARIS (Reuters) -France beat competition from Germany and the Netherlands for ProLogium’s first overseas car battery plant thanks to lobbying from President Emmanuel Macron, deal sweeteners and competitive power prices, executives from the Taiwanese company said. After narrowing a list of countries from 13 to three, ProLogium said it…
By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) demanded the recall of 67 million air bag inflators because it believes there is a safety defect, but auto supplier ARC Automotive Inc rejected the U.S. regulator’s request, documents released on Friday show. The auto safety agency said the inflators pose an unreasonable…
By David Randall NEW YORK (Reuters) – Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla Inc and Rivian Automotive in the first quarter, and added Netflix Inc shares, filings released Friday showed. Soros purchased shares of Tesla and electric truck startup Rivian in 2022 and…
(This May 11 story has been corrected to change some wording in the quote by Dr. Mafi in paragraph 15) By Deena Beasley (Reuters) – Wide coverage of Alzheimer’s drug Leqembi would raise future costs for the U.S. Medicare health plan by $2 billion to $5 billion a year, according to a study led by…
By Herbert Lash NEW YORK (Reuters) -The dollar rose on Friday but a gauge of global stocks retreated on a report that showed U.S. consumer sentiment slumped to a six-month low in May, reinforcing bearish investor sentiment over talks to raise the U.S. government’s debt ceiling. The dollar strengthened against the euro, yen and other…
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Friday, and was on track for its biggest weekly gain since February, as investors shifted to safe havens after consumer sentiment data fueled concern about the U.S. debt ceiling and monetary policy. A University of Michigan survey on…
(Reuters) – The U.S. Trade Representative’s Office said on Friday it was extending exclusions from tariffs for 77 of 81 Chinese medical product import categories related to the COVID-19 pandemic. (Reporting by Jasper Ward and Doina Chiacu)
SHANGHAI/BEIJING (Reuters) -China’s market regulator said Tesla Inc will fix software in more than 1 million vehicles to reduce the chance of accidents, the regulator said on Friday. The action is described as a product recall under Chinese regulations, the regulator said, but it was not immediately clear if drivers might need, or would be…
(Reuters) – Property developer China Evergrande Group said on Friday it has received an enforcement notice from the court in relation to arbitral proceedings against its unit and executive director by Hexin Hengju (Shenzhen) Investment Holding Center. The group said the enforcement notice requires it to pay compensation of about 770 million yuan ($111.40 million)…
WASHINGTON (Reuters) – Canada has extradited an alleged drug trafficker on the United States’ “ten most wanted” list to face federal charges in Michigan, the U.S. Department of Justice said on Friday. The suspect, dual Canadian-Laos citizen Khaophone Sychantha, was first indicted in the U.S. in 2005 and again in 2013, then charged in three…
