By David Shepardson WASHINGTON (Reuters) – California-based battery manufacturer startup Sparkz Inc said Tuesday it had agreed to a partnership with the United Auto Workers (UAW) union as it finalizes plans to begin commercializing zero-cobalt, zero-nickel battery production. The UAW has been working to organize new battery facilities as the auto industry shifts to electric…
By Arathy Somasekhar HOUSTON (Reuters) -Oil dropped 2% to its lowest this month on Tuesday after two sessions of gains, as deepening concerns of an economic slowdown and a stronger dollar outweighed hopes of higher Chinese demand. Brent crude fell by $1.96, or 2.4%, to settle at $80.77 a barrel, its lowest close since March…
SEOUL (Reuters) – South Korean consumers’ inflation expectations fell in April to the lowest in nearly a year, a central bank survey showed on Wednesday, while overall consumer sentiment hit a 10-month high. The median of consumers’ inflation expectations for the next 12 months fell to 3.7% in April from 3.9% in March, according to…
By Blake Brittain (Reuters) -Voting technology company Smartmatic USA Corp on Tuesday fended off a patent infringement lawsuit brought by competitor Election Systems & Software LLC, persuading a federal judge that the last patent remaining in the case is invalid. U.S. District Judge Richard Andrews in Delaware said the voting-machine patent covered unpatentable abstract ideas…
(Reuters) -FTX has reached an agreement to sell its crypto derivatives platform LedgerX LLC to an affiliate of Miami International Holdings Inc for $50 million, the bankrupt crypto exchange said on Tuesday. FTX will seek U.S. bankruptcy court approval for the sale at a May 4 hearing. “We are pleased to reach this agreement with…
(Reuters) – NetJets, the luxury plane unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, has been sued by its 3,000-member pilots union for allegedly interfering with its communications with aircraft owners and customers about contract negotiations. In a lawsuit filed on Monday, the NetJets Association of Shared Aircraft Pilots objected to a March 8 email…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The safe-haven dollar and yen rose on Tuesday as market sentiment turned risk-averse amid renewed worries about the banking sector and the outlook for the global economy, which knocked the euro off a nearly 10-month high. The U.S. dollar index climbed 0.6% to 101.83, having dropped more than…
By Leah Douglas (Reuters) – Nearly one million Americans could find it harder to access federal food aid under a Republican proposal to expand the program’s work requirements, according to the Biden administration, which has promised to veto the plan if it passes Congress. The expanded work requirements for the Supplemental Nutrition Assistance Program (SNAP)…
By Foo Yun Chee BRUSSELS (Reuters) -Five Alphabet subsidiaries, two Meta Platforms units, two Microsoft businesses, Twitter and Alibaba’s AliExpress are among 19 companies subject to landmark EU online content rules, EU industry chief Thierry Breton said on Tuesday. The rules known as the Digital Services Act (DSA) require the companies to do risk management,…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence dropped to a nine-month low in April as worries about the future mounted, further heightening the risk that the economy could fall into recession this year. The consumer confidence survey from the Conference Board on Tuesday also suggested that Americans were getting ready to hunker down…
