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US and World News

  • US and World News

    EV battery production faces supply chain, geopolitical headwinds – report

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (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 …

  • US and World News

    EU asks U.S. for same treatment as Canada and Mexico in electric vehicles sales

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By 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 …

  • US and World News

    Exclusive-Elon Musk reached out to EU industry chief to pledge content policing compliance

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By 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 …

  • US and World News

    Apollo holds crypto for clients as it expands in digital assets

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By 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 …

  • US and World News

    OPEC+ ‘only a phone call away’ if markets need balancing – UAE minister

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By 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 …

  • US and World News

    Senior Chinese diplomat urges U.S. to end ideological bias – Chinese state media

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    BEIJING (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 …

  • US and World News

    Saudi Q3 GDP grows 8.6%, boosted by higher oil prices

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    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 …

  • US and World News

    Russian rouble stable after Moscow ditches Black Sea grain deal

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (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 …

  • US and World News

    Portugal’s quarterly growth accelerates, consumption defies inflation

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    LISBON (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 …

  • US and World News

    Asia bond funds dump China in favour of cash after high-yield rout

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (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 …

  • US and World News

    Elon Musk says Twitter will revise how it verifies users

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (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 …

  • US and World News

    Thermo Fisher to buy diagnostics firm Binding Site for $2.6 billion

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (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 …

  • US and World News

    Nikola, KeyState to collaborate on hydrogen supply

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (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 …

  • US and World News

    India cenbank to start pilot of digital rupee on Nov 1

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    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 …

  • US and World News

    Jazeera Airways plans to get around $2 billion from banks for Airbus deal

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    KUWAIT (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 …

  • US and World News

    Israel, Bahrain hope to seal free trade deal by end of year

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    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 …

  • US and World News

    India’s April-Sept fiscal deficit touches $74.91 billion, tax receipts rise

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    NEW 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 …

  • US and World News

    Exclusive-Output of Apple iPhones at major China plant could fall 30% amid COVID curbs -source

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By 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 …

  • US and World News

    Bond investors like short maturities, on guard even as smaller Fed hikes loom

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By 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 …

  • US and World News

    Swedish economy heading for ‘tough winter’, new finance minister says

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By 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 …

  • US and World News

    Global jobs growth will ‘deteriorate significantly’ this quarter – ILO

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By 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 …

  • US and World News

    Rocket maker Firefly Aerospace looks to raise up to $300 million -sources

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By 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 …

  • US and World News

    Chinese developer Greenland seeks offshore bond payment extension

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By 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 …

  • US and World News

    Carlyle’s David Rubenstein on how to invest now

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    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 …

  • US and World News

    Panasonic to start building Kansas battery plant next month

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    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, …

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