US commerce chief says China export controls will hit companies’ revenue
By David Shepardson WASHINGTON (Reuters) – Commerce Secretary Gina Raimondo said on Wednesday the Biden administration is seeking to carefully…
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Crypto bill passes congressional committee in victory for industry
By Hannah Lang WASHINGTON (Reuters) -A key congressional committee on Wednesday advanced a bipartisan bill that aims to develop a…
Fed lifts rates, Powell leaves door open to another hike in September
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve raised interest rates by a quarter of a…
Analysis-Investors dumping China load up on other emerging markets
By Summer Zhen and Patturaja Murugaboopathy HONG KONG (Reuters) – Global investors are increasingly choosing to bypass China’s markets in…
California, other states move to block 3M’s $10.3 billion PFAS deal
By Clark Mindock (Reuters) -A group of 22 states and U.S. territories on Wednesday moved to block a proposed $10.3…
Higher interest rates depress UK commercial property, survey finds
By David Milliken LONDON (Reuters) – Two thirds of property surveyors think Britain’s commercial real estate market is in a…
In challenge to Tesla, automakers launch US EV charging network
By Abhirup Roy and Jarrett Renshaw (Reuters) -Seven major automakers on Wednesday said they were forming a new company to…
Ship carrying nearly 3,000 cars ablaze off Dutch coast, crew member dead
By Charlotte Van Campenhout and Rishabh Jaiswal AMSTERDAM (Reuters) -A fire blazed on a cargo ship off the Dutch coast…
Chipotle sales disappoint Wall St as price hikes taper
By Deborah Mary Sophia and Kailyn Rhone (Reuters) -Chipotle Mexican Grill missed Wall Street estimates for quarterly sales on Wednesday…
UK car production could take five years to return to 1 million units, says industry
By Sachin Ravikumar LONDON (Reuters) – It could take five more years for Britain to return to producing 1 million…