(Reuters) – A fragile supply chain marred by geopolitical tensions could hit the planned expansion of electric vehicle (EV) battery production, slowing EV adoption, S&P Global Mobility warned in a …
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EU asks U.S. for same treatment as Canada and Mexico in electric vehicles sales
by Reutersby ReutersBy Jan Lopatka PRAGUE (Reuters) -The European Union asked the United States on Monday to treat EU electric vehicles, batteries and sustainable energy equipment sold in the United States the …
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Exclusive-Elon Musk reached out to EU industry chief to pledge content policing compliance
by Reutersby ReutersBy Michel Rose PARIS (Reuters) -Elon Musk has assured the European Commission that Twitter will abide by tough European rules on illegal online content policing now that the social network …
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Apollo holds crypto for clients as it expands in digital assets
by Reutersby ReutersBy Hannah Lang (Reuters) – Apollo Global Management Inc has begun holding cryptocurrency on behalf of its clients through a partnership with digital asset platform Anchorage Digital, in a major …
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OPEC+ ‘only a phone call away’ if markets need balancing – UAE minister
by Reutersby ReutersBy Maha El Dahan, Alex Lawler and Yousef Saba ABU DHABI (Reuters) -The United Arab Emirates’ energy minister said on Monday that OPEC+ was always willing to balance crude oil …
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Senior Chinese diplomat urges U.S. to end ideological bias – Chinese state media
by Reutersby ReutersBEIJING (Reuters) – Senior Chinese diplomat Wang Yi said Washington should not let itself be blinded by ideological bias when dealing with China, the Chinese state news agency Xinhua reported …
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By Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabia’s gross domestic product expanded by 8.6% in the third quarter compared with the same period in 2021, according to initial government estimates …
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Russian rouble stable after Moscow ditches Black Sea grain deal
by Reutersby Reuters(Reuters) – The Russian rouble pared early losses to gain ground on Monday in the first session since Moscow said it would suspend its role in the landmark Black Sea …
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Portugal’s quarterly growth accelerates, consumption defies inflation
by Reutersby ReutersLISBON (Reuters) -Portugal’s economic growth accelerated to 0.4% in the third quarter from the previous quarter’s 0.1% thanks to an unexpected rise in private consumption despite high inflation, although annual …
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Asia bond funds dump China in favour of cash after high-yield rout
by Reutersby Reuters(Clarifies wording in paragraph 6) By Summer Zhen HONG KONG (Reuters) – Bond fund managers with strategies focused on Asian high-yield issuers have switched to cash and other non-China assets …
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(Reuters) – Twitter will revise its user verification process, Elon Musk said in a tweet on Sunday, just days after he took over one of the world’s most influential social …
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Thermo Fisher to buy diagnostics firm Binding Site for $2.6 billion
by Reutersby Reuters(Reuters) – Thermo Fisher Scientific Inc said on Monday it would buy Binding Site Group from European private equity firm Nordic Capital in an all-cash transaction valued at 2.25 billion …
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(Reuters) – Electric vehicle maker Nikola Corp said on Monday it was working with KeyState Natural Gas Synthesis to create Pennsylvania state’s first low-carbon hydrogen production supply chain. However, Nikola …
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BENGALURU (Reuters) – The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, it said on Monday, identifying …
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Jazeera Airways plans to get around $2 billion from banks for Airbus deal
by Reutersby ReutersKUWAIT (Reuters) – Jazeera Airways is planning to get around $2 billion from commercial banks to fund 70% of a deal it has with Airbus for 28 A320neo airliners, the …
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JERUSALEM (Reuters) – Israel and Bahrain hope to seal a free trade agreement before the end of the year, officials from both countries said on Monday. Israel normalised diplomatic relations …
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India’s April-Sept fiscal deficit touches $74.91 billion, tax receipts rise
by Reutersby ReutersNEW DELHI (Reuters) – India’s federal fiscal deficit in the first half of the financial year through September rose to 6.20 trillion rupees ($74.91 billion) from 5.27 trillion a year …
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Exclusive-Output of Apple iPhones at major China plant could fall 30% amid COVID curbs -source
by Reutersby ReutersBy Yimou Lee TAIPEI (Reuters) – Production of Apple Inc’s iPhones could slump by as much as 30% at one of the world’s biggest factories next month due to tightening …
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Bond investors like short maturities, on guard even as smaller Fed hikes loom
by Reutersby ReutersBy Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Many bond investors are playing it safe on the short end of the yield curve, even as Federal Reserve officials have started to …
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Swedish economy heading for ‘tough winter’, new finance minister says
by Reutersby ReutersBy Johan Ahlander and Anna Ringstrom STOCKHOLM (Reuters) -The Swedish economy is heading into a recession next year, driven by rampant inflation and the war in Ukraine, the country’s new …
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Global jobs growth will ‘deteriorate significantly’ this quarter – ILO
by Reutersby ReutersBy Emma Farge GENEVA (Reuters) – Global employment growth will “deteriorate significantly” this quarter, hit by the economic turmoil caused by the Ukraine war and by the impact of tighter …
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Rocket maker Firefly Aerospace looks to raise up to $300 million -sources
by Reutersby ReutersBy David Carnevali and Joey Roulette (Reuters) – FireFly Aerospace, the U.S. rocket builder that reached orbit in space this month, joining the likes of SpaceX and Rocket Lab, is …
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Chinese developer Greenland seeks offshore bond payment extension
by Reutersby ReutersBy Xie Yu HONG KONG (Reuters) – Chinese property developer Greenland Holdings Corp said on Monday it was seeking its offshore bondholders’ approval to extend repayment on its bonds due …
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By Chris Taylor NEW YORK (Reuters) – Next time you are visiting the National Archives Museum in Washington, D.C., check out the 1297 copy of the Magna Carta, essentially the …
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TOKYO (Reuters) -Japan’s Panasonic Holdings Corp said on Monday it will start building a new battery plant in Kansas in November and aims to begin mass production by March 2025, …