U.S. refiners build new oil processing as travel rises
By Erwin Seba HOUSTON (Reuters) – U.S. oil refiners aim to run at up to 94% of a total 17.9…
Business
Yellen warns US default could trigger recession, ‘break’ financial markets
WASHINGTON (Reuters) – Treasury Secretary Janet Yellen on Tuesday warned that a U.S. default on government debt would leave millions…
Japan approves energy firms’ household power price hike
TOKYO (Reuters) – Japan’s government on Tuesday has approved an increase in household electricity rates of made by seven major…
Mercedes plans new electric van platform, 20% cost cuts by mid-decade
By Nick Carey LONDON (Reuters) – Mercedes-Benz’s van unit said on Tuesday that it plans a new, scalable platform for…
Canadian minister ‘confident’ of Stellantis battery plant deal
OTTAWA (Reuters) -Canada’s industry minister is optimistic about reaching a deal with carmaker Stellantis over subsidies to build a battery…
Tesla to meet Indian officials this week – source
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Senior Tesla Inc executives will meet Indian government officials on…
Australian luxury wine to China will take years to rebuild – Treasury
SYDNEY (Reuters) – Chinese wine sales will not return to the same level for Australia’s Treasury Wine Estate even if…
Pilots seek Indian government help to quit Go First
By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) -Pilots at India’s Go First face delays getting paid due to…
AstraZeneca to leave leading U.S. drug lobby group
By Maggie Fick LONDON (Reuters) – AstraZeneca has decided to leave the main U.S. drug lobby group, the Pharmaceutical Research…
Boohoo targets ‘step-change’ in U.S. fortunes with new warehouse
By James Davey LONDON (Reuters) – Struggling British online fashion retailer Boohoo said this year’s opening of a first distribution…