Groton Selected as Navy awards $642M contract boost for Virginia class submarine work
Groton, CT – General Dynamics Electric Boat Corp. has secured a $642.3 million contract modification to continue design and support work for the Navy’s Virginia class submarine program, the Pentagon announced. Contract…
BMW sees Q3 surge in battery-electric vehicle sales
BERLIN (Reuters) – German carmaker BMW saw group sales of its battery-electric vehicles surge by 79.6% year on year in the third quarter of 2023 to 93,931 units, the company said on…
Indian inflation seen easing to 5.50% in Sept on softening food price rises- Reuters poll
By Milounee Purohit BENGALURU (Reuters) – Indian retail inflation likely eased to 5.50% last month, within the Reserve Bank of India’s (RBI) tolerance band, on moderating food price rises and government subsidies…
UK grocery inflation eases to lowest level since July 2022 -Kantar
By James Davey LONDON (Reuters) – British grocery inflation eased to its lowest rate for 15 months heading into October, industry data showed on Tuesday, providing more relief for shoppers hurt by…
ECB’s Villeroy : inflation to still land at around 2 pct by 2025 despite violence in Israel
PARIS (Reuters) – Inflation should still land at the European Central Bank’s target of around 2% by 2025 despite the violence in Israel weighing on commodity prices, ECB policymaker Francois Villeroy de…
Should new tech rules apply to Microsoft’s Bing, Apple’s iMessage, EU asks
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are asking Microsoft’s users and rivals whether Bing should comply with new tough tech rules and also whether that should be the…
Hollywood writers union ratifies three-year labor contract after strike
By Lisa Richwine LOS ANGELES (Reuters) -Members of the Writers Guild of America (WGA) approved a new three-year contract with major studios on Monday, five months after the union called a strike…
Major airlines suspend flights after attack on Israel
By Douglas Gillison, Joanna Plucinska and Sophie Yu (Reuters) -Major international air carriers suspended or scaled back flights to or from Tel Aviv, while Russia banned night flights to Israel, after a…
Virgin Australia clocks first profit in 11 years as travel demand recovers
(Reuters) -Bain Capital-owned Virgin Australia said on Tuesday that the airline returned to a profit for the first time in 11 years for fiscal 2023, buoyed by a strong recovery in travel…
China developer Kaisa tells court creditors will get less than 5% back if liquidated
HONG KONG (Reuters) – Struggling Chinese property developer Kaisa Group said creditors would get less than 5% of their money back if it is forced into liquidation, a lawyer for one creditor…
Marketmind: Markets regain footing with focus back on Fed
A look at the day ahead in European and global markets from Brigid Riley With markets having mostly recovered their composure after the shocking recent developments in the Middle East, some dovishly…
Mexico calls for end to Texas cargo inspections as governor ‘complicating migration situation’
By Kylie Madry MEXICO CITY (Reuters) – Mexico on Monday called for the U.S. government to mediate with Texas state authorities to ease inspections for cargo trucks crossing the border, as the…
Japan to chair G7 finance ministers meeting at IMF conference on Oct 12
By Tetsushi Kajimoto TOKYO (Reuters) – Japan will chair a meeting of finance ministers and central bank governors from the Group of Seven (G7) advanced nations on Oct. 12 to discuss the…
Deloitte expands as PwC Maldives, Sri Lanka network firms exit – memo
BENGALURU (Reuters) -Accounting giant Deloitte is acquiring some of rival PricewaterhouseCoopers’ (PwC) Maldives and Sri Lanka network firms, according to a Deloitte memo seen by Reuters, strengthening the company’s presence in the…
Kokusai Electric trims indicative IPO pricing about 3%
By Sam Nussey, Makiko Yamazaki and Miho Uranaka TOKYO (Reuters) -Japanese chip equipment maker Kokusai Electric on Tuesday trimmed the indicative pricing for its $730 million initial public offering by about 3%,…
China funds look to Mideast cash as US investments wane
By Summer Zhen HONG KONG (Reuters) – Chinese funds are seeking new capital sources in the Middle East and other markets, managers say, in a shift that could reshape investment flows as…
Mexico antitrust body probes Walmex ‘monopolistic’ moves, shares slump
By Daina Beth Solomon MEXICO CITY (Reuters) -Mexico’s antitrust watchdog, Cofece, on Monday said it has summoned a supermarket retailer to face allegations of imposing prices and terms on its suppliers or…
Hollywood’s striking actors, studios to resume talks on Wednesday
(Reuters) – Negotiators for the SAG-AFTRA actors’ union and the Alliance of Motion Picture and Television Producers (AMPTP) met on Monday, the parties said in a joint statement. Both parties concluded negotiations…
Coal industry faces 1 million job losses from global energy transition – research
SINGAPORE (Reuters) – The global coal industry may have to shed nearly 1 million jobs by 2050, even without any further pledges to phase out fossil fuels, with China and India facing…
Argentina central bank to weigh rate hike at Thursday meeting -source
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s central bank board will discuss the possibility of hiking the benchmark interest rate from its current 118% at its meeting later this week, a…
Rising Asia debt levels could temper growth -World Bank chief economist
By Andrea Shalal MARRAKECH, Morocco (Reuters) – Rising debt levels among “seemingly healthy” countries in Asia could drag growth in the region below currently forecast levels, World Bank Chief Economist Indermit Gill…
Tesla’s China-made EV sales volume falls 10.9% year-on-year in Sept
BEIJING/SHANGHAI (Reuters) – U.S. automaker Tesla sold 74,073 China-made electric vehicles (EVs) in September, a 10.9% decrease from a year earlier, showed data from the China Passenger Car Association (CPCA) on Sunday.…
Kaiser healthcare unions say weeklong strike possible early next month
By Steve Gorman LOS ANGELES (Reuters) -The labor coalition that staged a 72-hour strike by 75,000 healthcare workers against Kaiser Permanente last week is giving the company nearly three more weeks to…
Wall Street advances as investors monitor Mideast conflict headlines
By Sinéad Carew and Shashwat Chauhan (Reuters) – Wall Street’s major indexes closed higher on Monday while energy stocks rallied as investors digested the latest news about the conflict between Israel and…
UAW workers strike Mack Trucks after rejecting contract
By David Shepardson (Reuters) -Union workers at Volvo Group-owned Mack Trucks went on strike on Monday after overwhelmingly rejecting a proposed five-year contract, the United Auto Workers said, the latest tentative labor…
Oil, gold jump on Middle East conflict; US stocks end higher
By Caroline Valetkevitch NEW YORK (Reuters) – Oil prices jumped more than 4%, gold gained and the safe-haven U.S. dollar edged up against the euro on Monday as military clashes between Israel…
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