San Francisco (Reuters) – The U.S. transport safety regulator said on Thursday that it has launched an investigation into 1,732,000 Honda Motor vehicles over unexpected braking activation. The National Highway Traffic Safety Administration said it has received a total of 278 complaints that allege braking incidents “occurring with nothing obstructing the vehicle’s path of travel”….
(Reuters) – Nikola Corp said on Thursday it aimed to deliver 300 to 500 Tre BEV electric trucks this year, as it works on expanding its plant in Coolidge, Arizona. The company, which was working with the U.S. Securities and Exchange Commission (SEC) to pay a $125 million penalty to settle a charge against its…
PARIS (Reuters) – Russia’s invasion of Ukraine will dominate the agenda of planned European Union finance ministers’ talks on Friday and Saturday, officials said, as the EU will try to assess how much the war on its border will hit the economy of the 27-nation bloc this year. “The Russian aggression will definitely feature prominently…
By Dmitry Zhdannikov LONDON (Reuters) – At least three major buyers of Russian oil have been unable to open letters of credit from Western banks to cover purchases on Thursday, four trading sources said citing market uncertainty after Russia invaded Ukraine. “Banks are not willing to open LC’s for the moment so it is a…
(Reuters) -China’s Alibaba Group Holding Ltd on Thursday reported its slowest-ever increase in quarterly revenue since going public in 2014, as tepid growth in its core e-commerce business and intensifying competition ate into sales. The slowing Chinese economy has taken a toll on the e-commerce company, as consumers cut back discretionary spending. Last November, during…
By Mark John (Reuters) – Russia’s invasion of Ukraine and how the world reacts could have wide-ranging repercussions for the European economy, from rising energy and food prices to economic sanctions that hit trade and investment. That in turn will affect how quickly the economy gets back on its feet after two years of the…
By Jamie Freed and Tim Hepher (Reuters) -Ukraine closed its airspace to civilian flights on Thursday after Russia launched a land, sea and air invasion of its neighbour, while Europe’s aviation regulator warned about hazards to flying in bordering regions. Moldova, southwest of Ukraine, also closed its airspace, while Belarus to the north said civilian…
COPENHAGEN (Reuters) – Carlsberg has shut its brewery in Lviv, western Ukraine, after supplies of natural gas to the brewery were cut, a company spokeswoman told Reuters. (Reporting by Jacob Gronholt-Pedersen; Editing by David Goodman)
By Bozorgmehr Sharafedin LONDON (Reuters) – Oil prices jumped on Thursday, with Brent rising above $100 a barrel for the first time since 2014, after Russia attacked Ukraine exacerbating concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine by land, air and sea, the biggest attack by one state against…
A look at the day ahead in markets from Sujata Rao This is it. Putin has invaded Ukraine. Markets are displaying all the predictable reactions, selling stocks and buying safe-havens. Treasury yields are down 10 basis points, while the Swiss franc and Japanese yen are up as is the dollar index. Gold has surged 2%…
