Sono Motors signs up new partner for solar car
BERLIN – Germany’s Sono Motors has signed up a new partner for its partly solar-powered cars and is sticking to its goal of commercial production in 2023, after abandoning talks…
BERLIN – Germany’s Sono Motors has signed up a new partner for its partly solar-powered cars and is sticking to its goal of commercial production in 2023, after abandoning talks…
(Reuters) – Peloton Interactive Inc’s strength training product, Peloton Guide, would be available at a starting price of $295, about 40% lower than what it had originally planned, the company…
WASHINGTON – Countries around the world should provide $15 billion in grants this year and $10 billion a year thereafter to manage the long-term risks of COVID-19, the International Monetary…
By Julien Ponthus and Sudip Kar-Gupta LONDON/PARIS -French stocks and bonds fell on Tuesday as markets started to acknowledge the risk of far-right candidate Marine Le Pen winning this month’s…
LONDON -Global sovereign borrowing will reach $10.4 trillion in 2022, nearly a third above the average before the coronavirus pandemic, S&P Global Ratings said in a report. Despite an economic…
By Julie Gordon OTTAWA -Canada’s Liberals find themselves in a bind ahead of this week’s budget: the economy has recovered from the pandemic, yet Prime Minister Justin Trudeau has pledged…
By Jesús Aguado and Emma Pinedo MADRID – Spain’s central bank on Tuesday lowered its economic growth forecast for this year and next due to the impact of inflation stoked…
(Reuters) – Memory chipmaker Micron Technology Inc on Tuesday named chip firm Qorvo Inc’s finance chief Mark Murphy as its new chief financial officer. Micron lost its former CFO David…
FRANKFURT – Germany’s chemical and pharmaceutical industry on Tuesday agreed a lump sum payment for workers and put further collective wage bargaining on hold, citing uncertainty stemming from Russia’s attack…
By Hari Kishan and Vivek Mishra BENGALURU – The U.S. Treasury yield curve, already hammered into a flat line after one of its worst quarters in decades, is set to…
By Muhammed Husain (Reuters) -Britain’s Go-Ahead said it plans to expand its transport operations and reinstate its pre-COVID-19 dividend policy after a months-long strategic review, lifting its shares on Tuesday.…
PARIS – Poland on Tuesday blocked a French-proposed compromise on how to implement a minimum corporate tax across the European Union in another blow to a global overhaul of international…
(Reuters) – Russia’s banks will need a wider recapitalisation, Andrey Kostin, CEO of No.2 lender VTB, has told the TASS news agency, with the scale of it to be determined…
ATHENS – Credit servicer doValue Greece, a subsidiary of Italy’s biggest debt recovery firm doValue, said on Tuesday it was awarded a new loan servicing mandate for a 500 million…
By Elvira Pollina MILAN -The chances of the U.S. fund KKR pushing ahead with a firm bid for Telecom Italia (TIM) faded, with the two sides deadlocked on Tuesday over…
By Jonathan Saul LONDON – The risk of coming across floating mines in the major Black Sea shipping route is adding to perils for merchant ships sailing in the region,…
By Tetsushi Kajimoto TOKYO – An advisory panel to Japan’s finance minister on Tuesday recommended that the law should be changed to revoke Russia’s most-favoured-nation trading status following Moscow’s invasion…
By Huw Jones LONDON – Banks have begun quietly trying to persuade the European Union to tone down proposals to toughen scrutiny of non-EU lenders to ensure the planned measures…
(Reuters) -UnitedHealth Group Inc and Change Healthcare have agreed to extend the closing date of their merger by another nine months to Dec. 31, the companies said on Tuesday, more…
By Nupur Anand MUMBAI – India’s largest private lender HDFC Bank’s $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the…
(Reuters) -Kinross Gold Corp is selling its Russian assets to Highland Gold Mining group of companies for a total of $680 million in cash, the Canadian company said on Tuesday,…
By Francesco Guarascio BRUSSELS -The European Commission will propose on Tuesday to EU nations sweeping new sanctions against Russia, including banning imports of coal, wood, chemicals and other products worth…
By Dominique Vidalon PARIS -French food group Danone said on Tuesday that “all options are on the table” regarding its business in Russia and that there was no decision at…
LONDON – Global nickel smelting activity climbed in March, including in major producer Russia despite the Ukraine conflict, data from satellite surveillance of nickel plants showed. Production in Russia has…
BANGKOK – Thailand’s leading joint business group on Tuesday trimmed its economic growth forecast for this year to 2.5%-4.0% from a previous forecast of 2.5%-4.5% due to the impact of…