GM, Stellantis invest in EV magnet startup in move to reduce China reliance
(Reuters) – General Motors and Stellantis said on Wednesday they will invest in startup Niron Magnetics, part of a plan to develop electric-vehicle magnets without rare earths as the automotive industry aims…
Paraguay courts Taiwanese investors, warns against China reliance – finance minister
By Daniela Desantis and Lucinda Elliott ASUNCION (Reuters) – Paraguay is seeking more Taiwanese investment to diversify its farm-driven economy focused on exporting raw materials to China, incoming Finance Minister Carlos Fernandez…
Reliance spin-off Jio Financial valued at $20 billion, above estimates
By Chris Thomas and Sethuraman N R BENGALURU (Reuters) -Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was set at a much higher-than-expected 261.85 rupees…
Biman Bangladesh to buy 10 Airbus jets, breaking Boeing reliance – minister
By Ruma Paul and Tim Hepher DHAKA/PARIS (Reuters) – State-owned carrier Biman Bangladesh Airlines has decided to purchase 10 planes from Airbus, in a shift from its Boeing-dominated fleet, the South Asian…
‘Unacceptable’: GOP Reps, Defense Experts Raise Red Flags Over Pentagon’s Reliance On China For Critical Minerals
‘Unacceptable’: GOP Reps, Defense Experts Raise Red Flags Over Pentagon’s Reliance On China For Critical Minerals Micaela Burrow on February 8, 2023 Congress and defense experts warned that reliance on China, including…
India’s Reliance Industries misses profit view on windfall tax
By Sethuraman N R BENGALURU (Reuters) -Reliance Industries Ltd on Friday reported a bigger-than-expected drop in quarterly profit as India’s biggest company by market valuation took a hit from the government’s windfall…
Deutsche Bank CEO warns of reliance on government aid packages
BERLIN (Reuters) – Deutsche Bank Chief Executive Christian Sewing appealed for caution regarding German government relief packages and said the country should not come to rely on extending aid measures, speaking at…
Goldman Sachs says U.S., Europe could end reliance on Chinese EV batteries by 2030 -FT
(Reuters) – The United States and Europe could cut their dependence on China for electric vehicle batteries through more than $160 billion of new capital spending by 2030, the Financial Times reported…
Deutsche Bank CEO warns of ‘danger’ of European reliance on foreign banks
FRANKFURT (Reuters) -Deutsche Bank Chief Executive Christian Sewing on Friday warned of the “danger” of European reliance on foreign banks, equating the threat to the region’s dependence on outsiders for energy that…
MCKENNA: Dems’ Reliance On One Key Slice Of The Electorate Could Be Fatal To Their Election Chances
MCKENNA: Dems’ Reliance On One Key Slice Of The Electorate Could Be Fatal To Their Election Chances Michael McKenna on October 30, 2022 Before we head into the final days of this…
JPMorgan names former Reliance M&A head as India investment banking chief
BENGALURU (Reuters) – JPMorgan Chase & Co said on Monday it named former Reliance Industries executive Navin Wadhwani as the head of its Indian investment banking business, under a slew of management…
White House Calls For Less Reliance On OPEC As It Blocks Domestic Drilling
White House Calls For Less Reliance On OPEC As It Blocks Domestic Drilling Jack McEvoy on October 5, 2022 White House spokesman John Kirby said on Wednesday that the U.S. needs…
India’s Reliance unveils $9.4 billion plan to boost oil to chemicals
By Nidhi Verma and Sudarshan Varadhan NEW DELHI (Reuters) – Reliance Industries Ltd, operator of the world’s biggest refining complex, will invest 750 billion rupees ($9.38 billion) over 5 years to expand…
Analysis-Experts question reliance on monkeypox vaccine with little data, short supply
By Jennifer Rigby and Natalie Grover LONDON (Reuters) – A reliance on vaccines in short supply and questions over their best use are hampering efforts to curb the global spread of monkeypox…
India’s Reliance signs franchise deal with fashion house Balenciaga
MUMBAI – India’s bigger retailer Reliance said on Thursday that had signed a long-term franchise deal with French fashion house Balenciaga, the latest in a flurry of deals the conglomerate has signed…
Russia needs economic ‘perestroika’ to end reliance on energy exports – cenbank chief
LONDON – Russia must reduce its decades-old reliance on exports of raw materials and stimulate private enterprise to avoid slipping back towards a Soviet-style technological lag with the West, the governor of…
EU looking to Israel to help it reduce energy reliance on Russia
JERUSALEM – The European Union is looking to Israel to help reduce its energy dependence on Russia following the Russian invasion of Ukraine, European Commission President Ursula von der Leyen said in…
Exclusive-Europe aims to revive magnesium output by 2025 to cut China reliance
By Eric Onstad LONDON – EU policymakers have launched a drive to restart domestic output of magnesium, used in aluminium and steel products, with at least three firms working on projects, according…
India’s Reliance, Apollo Global plan joint bid for Walgreens’ Boots business
(Reuters) -Indian conglomerate Reliance Industries Ltd and U.S. buyout firm Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots, a spokesperson for Apollo confirmed on Wednesday.…
Berliners’ reliance on Russian fuel exposes German dilemma on Ukraine
By Vera Eckert, Shadia Nasralla and Ron Bousso FRANKFURT/LONDON – People on the streets of Berlin have waved Ukrainian flags in demonstrations of support since Russia invaded Ukraine in February. But those…
Analysis-Impermanence nation: Canada’s growing reliance on temporary residents to meet labor needs
By Anna Mehler Paperny TORONTO – Canada is increasingly relying on temporary residents to meet its labor force needs, according to a Reuters analysis of official data, but this phenomenon makes workers…
Italy must reduce reliance on Russian gas, lift domestic production -Draghi
ROME – Italy must reduce its reliance on gas imports from Russia and is ready to take further measures to protect consumers from rising energy prices after the invasion of Ukraine, Prime…
Reliance invests $200 million in InMobi’s Glance
By Yuvraj Malik – India’s Reliance Industries is investing $200 million in Glance, a lock screen content company backed by Alphabet and owned by ad-tech firm InMobi, to bring the service to…
India’s Reliance plans to turn syngas into blue hydrogen
By Nidhi Verma NEW DELHI – India’s Reliance Industries Ltd plans to produce blue hydrogen at a “competitive cost” of about $1.2-$1.5 per kg as it repurposes its $4-billion gasification assets, the…
Allianz launches $235 million bid for Greece’s European Reliance
FRANKFURT – Allianz on Friday said it will pay about 207 million euros ($235 million) to acquire Greek insurer European Reliance, a move that will create the country’s fifth-largest insurer based on…
Senators Introduce Bipartisan Legislation To End US Reliance On Chinese Minerals
A Republican and Democratic senator introduced legislation Friday that aims to end U.S. reliance on rare-earth metals sourced from and produced in China. The Restoring Essential Energy and Security Holdings Onshore for…
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