By Giulio Piovaccari MILAN (Reuters) – Italian electric-vehicle startup Aehra on Friday unveiled its new, European-made sedan which will serve the high-premium market segment and which joins the firm’s sport-utility vehicle which was first displayed late last year. Both models will start production in 2026, Aehra said. They will be priced in the 160,000 to…
HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast has reported a drop in first-quarter revenue by 49%, with a net loss deepening to $598 million in the first full reporting period since it started exporting to the United States. VinFast made the disclosure in a filing late on Thursday with U.S. securities regulators as…
WARSAW (Reuters) – Polish Prime Minister says Intel’s new semiconductor assembly and test facility near Wroclaw, western Poland, will the biggest greenfield investment in the country and that he hoped it would attract other investors. Intel announced on Friday it will invest up to $4.6 billion in the new facility as part of a multi-billion-dollar…
By Tim Kelly, Sakura Murakami and Yukiko Toyoda TOKYO (Reuters) -Japan is preparing military aid for the Philippines to help secure sea approaches and safeguard Taiwan’s western flank, officials say, deepening security ties that could bring Japanese forces back there for the first time since World War Two. As it steps back from decades of…
By Patricia Zengerle WASHINGTON (Reuters) – Republican and Democratic members of the U.S. Congress introduced legislation on Thursday that would make it easier for Ukraine to fund its fight against Russian invaders by using seized and frozen Russian assets. The U.S. Congress has approved more than $100 billion in military, humanitarian and economic aid for…
(Reuters) – All state-funded colleges and universities in Texas will have to close their diversity, equity and inclusion offices under a measure signed into law by Texas Governor Greg Abbott. The law, which one of its sponsors in the Texas state Senate called the most significant ban on diversity offices in higher education in the…
SEOUL (Reuters) – South Korea and the United States will hold a high-level meeting on cyber security in Washington on June 20, the presidential office in Seoul said on Friday. The meeting is seen as a follow-up to the summit between South Korean President Yoon Suk Yeol and U.S. President Joe Biden in April. (Reporting…
By Doyinsola Oladipo NEW YORK (Reuters) – A snapshot of 15 major U.S. hotel markets shows that travel to cities is rebounding, with one notable exception: San Francisco. Several hotel activity metrics, including average price per room, revenue per room, and supply growth, show most major cities have rebounded from the worst of the pandemic….
By Yukiko Toyoda and Tim Kelly TOKYO (Reuters) -The U.S. expects a “transformational moment” in India ties during Prime Minister Narendra Modi’s upcoming trip to Washington, President Joe Biden’s national security adviser said as he downplayed chances for a diplomatic breakthrough in China when U.S. Secretary of State Antony Blinken visits next week. “Secretary Blinken’s…
By Sarah N. Lynch and Kanishka Singh WASHINGTON (Reuters) -A federal grand jury has indicted a U.S. Air National Guardsman accused of leaking top-secret military intelligence records online, the Justice Department said in a statement on Thursday. Jack Douglas Teixeira, 21, of North Dighton, Massachusetts, was indicted on six counts of willful retention and transmission…
