By Akash Sriram (Reuters) -U.S. electric-vehicle startups are expected to report another quarter of dwindling cash reserves next week, piling pressure on a group of companies that are struggling to ramp up production and have few options for funding in a turbulent economy. Having gone public with hopes of shaking up the automobile industry, these…
WASHINGTON (Reuters) – A group of 43 Republicans in the U.S. Senate said they oppose voting on a bill that only raises the U.S. debt ceiling without tackling other priorities, in a letter to Democratic Senate Majority Leader Chuck Schumer, showing they could block such a plan by Democrats. Citing an economy “in free fall,”…
WASHINGTON (Reuters) – President Joe Biden said on Friday he was not yet ready to invoke the 14th Amendment to avoid the United States defaulting on its debts as early as June 1, comments which for the first time suggested he has not ruled out the option. “I’ve not gotten there yet,” Biden said in…
By Andrew Goudsward and Steve Gorman WASHINGTON (Reuters) – A Pennsylvania man found guilty of felony assault and other charges for pepper-spraying police officers outside the U.S. Capitol was sentenced on Friday to 14 years behind bars, the longest prison term to date for anyone convicted in the riot of Jan. 6, 2021. Peter J….
By Maria Martinez BERLIN (Reuters) -German industrial production fell more than expected in March, partly due to a weak performance by the automotive sector, spurring again recession fears in Europe’s largest economy. Production decreased by 3.4% on the previous month following a slightly revised increase of 2.1% in February, the federal statistical office said on…
By Laurie Chen BEIJING (Reuters) – China’s hawkish state media tabloid, the Global Times, criticised on Monday a letter of protest by South Korea’s embassy in Beijing, the latest public spat amid worsening ties between the Asian neighbours. South Korea’s recent diplomatic push towards Japan and the U.S. would “induce and aggravate the … collapse…
By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Treasury is open to reducing its 64% stake in Monte dei Paschi di Siena (MPS) through one or more share sales on the market, three people briefed on the matter told Reuters. Such an option, however, would only be considered if financially advantageous and as long…
By Angie Teo, Chayut Setboonsarng and Devjyot Ghoshal BANGKOK (Reuters) -Shanghai resident Daniel Bian drank in the sweeping views over the Thai capital as he lay on a deckchair beside a swimming pool on the 19th floor of a luxury condominium. “I feel alive. I feel free,” said an excited Bian, dapper in tinted sunglasses,…
By Joe Cash BEIJING (Reuters) -China’s exports were expected to have risen again in April, albeit at a less robust pace than a month earlier, a Reuters poll showed, supported by unfulfilled orders after last year’s COVID disruptions though slowing global growth is darkening the outlook. Outbound shipments last month from the world’s second largest…
(Reuters) -At least seven pedestrians were killed and several others injured on Sunday when an SUV mowed down people near a homeless shelter that attends to migrants in Brownsville, Texas, police said. The male driver was in custody, Lieutenant Martin Sandoval of the Brownsville Police Department said, adding he was charged with reckless driving and…
