EV startup Nikola reports jump in second-quarter deliveries, shares rise
(Reuters) -Nikola said on Wednesday that wholesale and retail sales of its electric vehicles jumped in the second quarter from…
Business
Morgan Stanley cuts oil price forecasts, sees surplus in H1 2024
(Reuters) – Morgan Stanley on Wednesday lowered its oil price forecasts, predicting a market surplus in the first half of…
India cenbank seeks to give customers choice of card network
BENGALURU (Reuters) – The Reserve Bank of India (RBI) on Wednesday asked banks and non-bank lenders to issue credit, debit…
Wall Street wealth helps boost endowments at posh New York City private schools
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The endowments of New York City’s pricey private schools are flourishing thanks to…
Philippine inflation slows in June, supports extended rate pause
By Karen Lema and Enrico Dela Cruz MANILA (Reuters) -Philippine annual inflation eased for a fifth straight month in June,…
Germany’s Scholz hints at more chip investments
BERLIN (Reuters) – German Chancellor Olaf Scholz said on Wednesday that he knew of further plans for large investments in…
UPS, Teamsters Union contract talks in deadlock
(Reuters) – Parcel delivery firm United Parcel Service Inc and the Teamsters Union on Wednesday accused each other of walking…
UK sells government bond with highest yield since 2007
By David Milliken LONDON (Reuters) – Britain sold a government bond at auction on Wednesday that will pay investors an…
Explainer-China’s rare earths dominance in focus after mineral export curbs
By Mai Nguyen (Reuters) – China said on Monday it will impose export restrictions on gallium and germanium products used…
Euro zone business activity contracts in June -PMI
LONDON (Reuters) – Euro zone business activity slipped into contractionary territory last month in a broad-based downturn across the bloc’s…