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 Ingrid Melander and Andrew Gray LUXEMBOURG (Reuters) -China respects the status of former Soviet member states as sovereign nations, its foreign ministry said on Monday, distancing itself from comments by its envoy to Paris that triggered an uproar among European capitals. Several European Union foreign ministers had said comments by ambassador Lu Shaye –…
By Nivedita Balu and Tiyashi Datta (Reuters) – U.S. tech giants will emphasize how artificial intelligence can be the next growth driver when they report quarterly results this week, while investors scrutinize if cost cuts have boosted profits to their satisfaction. Microsoft Corp and Google parent Alphabet Inc kick off earnings for the companies on…
By Mrinmay Dey and Dawn Chmielewski (Reuters) – NBCUniversal Chief Executive Jeff Shell is leaving after acknowledging an inappropriate relationship with a woman in the company, following a complaint that prompted an investigation, parent company Comcast Corp said on Sunday. “I had an inappropriate relationship with a woman in the company, which I deeply regret,”…
By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) -Thyssenkrupp said on Monday its chief executive Martina Merz, who launched a major overhaul of the German industrial conglomerate, is leaving, causing shares to plunge. Merz took over as CEO in 2019 after a string of profit warnings and a failed steel merger that brought Thyssenkrupp to…
KHARTOUM (Reuters) – Sudan’s conflict between the army and a paramilitary group called the Rapid Support Forces (RSF) has prompted foreign countries to race to extract their diplomats and citizens. Several countries evacuated nationals by air, while some went via Port Sudan on the Red Seaabout 800 km (500 miles) by road from Khartoum. This…
(Reuters) – Tesla Inc raised its capital expenditure forecast for 2023 on Monday as the automaker ramps up output at its factories to take advantage of the rising interest in electric vehicles. The company, led by Elon Musk, said in a filing that it expects to spend between $7 billion and $9 billion this year,…
By Andrew Gray LUXEMBOURG (Reuters) – EU foreign policy chief Josep Borrell expressed confidence on Monday that the bloc would finalise a plan within days to buy ammunition for Ukraine after Kyiv expressed frustration at wrangling among EU member states. “Yes, still there is some disagreement. But I am sure everybody will understand that we…
By Aidan Lewis and Khalid Abdelaziz KHARTOUM (Reuters) – Fighting in Sudan since April 15 has killed hundreds of people, sparked a humanitarian crisis with thousands fleeing their homes and prompted foreign countries to evacuate their citizens for fear of an all-out civil war in an already unstable region. WHAT TRIGGERED THE VIOLENCE? Tension had…
QUITO (Reuters) – Ecuadorean opposition lawmakers and President Guillermo Lasso – or his lawyer – are scheduled to testify this week in impeachment hearings that could see the conservative former banker censured and removed from office. WHAT IS THE PRESIDENT ACCUSED OF? Lasso, who has an antagonistic relationship with lawmakers, is accused of political responsibility…
