VILNIUS (Reuters) – Continental will continue investing in a factory in Lithuania, an executive was quoted saying, despite a diplomatic dispute between Beijing and the Baltic state that has threatened to embroil the German car parts maker. Two people familiar with the matter told Reuters in December that China was pressuring Continental to stop using…
By Alex Lawler LONDON (Reuters) -Oil steadied on Thursday in volatile trade after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a U.S. fuel pipeline providing support and economic concerns capping gains. Big declines in the previous two days were driven by worries about a…
FRANKFURT, Germany (AP) — Fears are rising about what would happen to Europe’s energy supply if Russia were to invade Ukraine and then shut off natural gas exports in retaliation for U.S. and European sanctions. The tensions show the risk of Europe’s reliance on Russia for energy, which supplies about a third of the continent’s…
(Reuters) – Here is a timeline of events that led to charges against former U.S. President Donald Trump and others over government records, some marked as highly sensitive, stored at Trump’s Mar-a-Lago estate in Florida after he left the White House in January 2021: Feb. 9, 2022: The National Archives and Records Administration asks the…
By Paul Sandle and Radhika Anilkumar LONDON (Reuters) -Britain’s antitrust regulator said Microsoft Corp’s $69 billion acquisition of “Call of Duty” maker Activision Blizzard could harm competition in gaming consoles, subscription services and cloud gaming, and it needed to be investigated in depth. The Competition and Markets Authority (CMA) said on Thursday the deal, the…
(Reuters) -Airbnb’s shares slid 12% on Wednesday after the top vacation rental firm issued a gloomy second-quarter forecast and signaled that the high cost of travel may be finally catching up to budget-conscious U.S. consumers. Household savings and pent-up demand have largely insulated the U.S. travel industry from inflationary pressures that have roiled other sectors….
By Faith Hung and Roger Tung TAIPEI (Reuters) – Foreign investors seem to be undeterred by the possibility that growing tensions between Taiwan and China could precipitate fund outflows from the Taiwan market, the chairman of the Taiwan Stock Exchange told Reuters. Up until the end of June, investors were going all in on Taiwan…
By Nichola Groom (Reuters) – U.S. President Joe Biden’s plan to challenge China’s dominance in solar panel manufacturing hinges in large part on rules his administration will soon release defining what it means for a product to be American-made, according to industry officials. The Biden administration’s Inflation Reduction Act is offering billions of dollars in…
By Chris Kirkham and Abhirup Roy LAGUNA BEACH, California (Reuters) -Rivian on Thursday introduced its smaller, less expensive electric R2 SUVs and R3 crossovers with plans to start producing the R2 at its existing U.S. factory to hasten deliveries in the first half of 2026. Rivian shares closed up 13.4% at $12.51 after the company…
TAIPEI (Reuters) – Taiwan’s semiconductor companies are complying with government export controls to Russia, put in place as part of sanctions on Moscow for invading Ukraine, the Economy Ministry said on Sunday. Taiwan, which announced it was joining international sanctions against Russia on Friday, is a major chip manufacturer, home to the world’s largest contract…
