(Reuters) – Ford Motor Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. “They developed very quickly, and they developed them in large scale. And now they’re exporting them,” Ford told CNN’s ‘Fareed Zakaria GPS’ Sunday program. “They’re not here but they’ll…
WASHINGTON (Reuters) – President Joe Biden will visit Palo Alto, California on Monday and announce over $600 million in climate investments to help coastal communities around the country fight climate change, a White House official said on Sunday. The investments will be funded by Biden’s climate and infrastructure bills and will include a $575 million…
By Humeyra Pamuk BEIJING (Reuters) -The U.S. secretary of state and Chinese foreign minister on Sunday held what both called candid and constructive talks on their differences from Taiwan to trade but seemed to agree on little beyond keeping the conversation going with an eventual meeting in Washington. Speaking after a 5-1/2 hour meeting followed…
(Reuters) – SVB Financial Group said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and backed by funds managed by The Baupost Group. The bidder group led by Leerink, who is chief executive of SVB Securities, will acquire the investment…
PARIS (Reuters) – Boeing expects to increase production of its best-selling 737 MAX to 38 jets a month “pretty soon,” but the company is likely to see supply chain instability at every rate increase, the head of Boeing Commercial Airplanes (BCA) said Sunday. Boeing had planned to bolster 737 MAX production from its current 31…
By Valerie Insinna and Tim Hepher WASHINGTON/PARIS (Reuters) – European hopes of winning at the second attempt a groundbreaking U.S. military order for refueling planes are fading after the Pentagon scaled back its potential order, cooling the prospect of a new transatlantic “Tanker War,” industry sources said. Aerospace titans Airbus and Boeing clashed in an…
By Lewis Krauskopf, Saqib Iqbal Ahmed and David Randall NEW YORK (Reuters) -A few months ago, most investors feared having too much exposure to equities. Now many are worried they may not have enough. The 15% year-to-date rally in the S&P 500 is pulling once doubtful investors back into the market. Many who had whittled…
By Tim Hepher PARIS (Reuters) – After a decade in the shadows, one of Europe’s mystery aerospace projects – the X9 helicopter – is taking shape as a potential future successor to Airbus Helicopters’ H145 light-twin chopper, with plans for a demonstrator underway, industry sources said. The X9 was one of two coded projects briefly…
By Brad Brooks LUBBOCK, Texas (Reuters) – The Texas panhandle town of Perryton was struck on Thursday by one or more tornadoes, causing fatalities, the mayor said, as images from the ground showed much of the town left in rubble by the twister as emergency crews searched for survivors. “It’s bad, it’s very bad. It’s…
(Reuters) – Microsoft said on Friday that the outages that affected certain services of the company through some of the earlier days of this month were the result of cyberattacks, but said it saw no evidence of any customer data being accessed or compromised. “Beginning in early June 2023, Microsoft identified surges in traffic against…
