Germany may block sale of chip factory to Chinese-owned firm
BERLIN (AP) — The German government may decide this week to block the sale of a chip factory to a…
Headlines
Kohl’s CEO steps down to take president role at Levi Strauss
NEW YORK (AP) — Michelle Gass, CEO of department store chain Kohl’s, is stepping down from her role early next…
Adidas appoints boss of rival Puma as CEO after Ye fallout
BERLIN (AP) — Adidas has appointed Bjørn Gulden, the CEO of rival Puma, as its new chief executive, and he…
Bid for new trial fails, Elizabeth Holmes awaits sentencing
SAN JOSE, Calif. (AP) — A federal judge rejected a bid for a new trial for disgraced Theranos CEO Elizabeth…
Diamondback Energy Sees U.S. Shale Oil Gains Slowing, Costs Rising
By Liz Hampton (Reuters) – Oil producer Diamondback Energy said the U.S. shale industry will struggle to continue to expand…
China’s Biggest Air Show Opens Under Cloud Of Zero-COVID Policy
BEIJING (Reuters) -A scaled-down version of China’s biggest air show opened on Tuesday, with some delegates unable to attend because…
Tesla Recalls 40,000 U.S. Vehicles Over Potential Loss Of Power Steering Assist
By David Shepardson WASHINGTON (Reuters) -Tesla Inc is recalling just over 40,000 2017-2021 Model S and Model X vehicles that…
Factbox-Renault Unveils Big Overhaul In Drive To Boost Profits
PARIS (Reuters) – French carmaker Renault on Tuesday announced a big overhaul to split its operations into five businesses, deepen…
Turkey Starts Paying For Some Russian Gas In Roubles
ISTANBUL (Reuters) – Turkey has started paying for some its natural gas from Russia in roubles, Turkish Energy Minister Fatih…
Renault Seals Car Deal With China’s Geely, But Nissan Remains Elusive
By Norihiko Shirouzu and Gilles Guillaume BEIJING/PARIS (Reuters) -France’s Renault and China’s Geely announced a 50-50 joint venture on Tuesday…