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Author Articles
Biden Says Weighs Reducing Tariffs On China, Asking OPEC To Pump More Oil
Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production
Sri Lanka To Default On Debt, No Money For Fuel, Minister Says
Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-payment of coupons on two of its sovereign bonds, while the energy minister said the country had run out of money to pay for fuel.
First Electric Scooter Series On Mission To Push Safer Micromobility
Organisers of the world's first electric scooter series say they are on a mission to promote and develop micromobility as a safe and integrated element of city life.
Qatar Looks To Bolster Spain's EU-Funded COVID Recovery Projects, Supply More LNG
The bilateral deal represents the first major agreement between a European nation and a non-EU country aimed at leveraging the reach of the EU's Next Generation programme
Equities Bounce Back While Yields, Oil Prices Drop
U.S. Treasuries rallied, with the yield on the benchmark 10-year note tumbling from a more than three-year high to below 3% as investors reassessed the inflation outlook before U.S. consumer price index (CPI) data
Oil Tumbles About 6% As China COVID Lockdowns Weigh
Crude imports by China in the first four months of 2022 fell 4.8% from a year ago, but April imports were up nearly 7%.
U.N. Official Still Hopes Musk Will 'Step Up' To Fight World Hunger
David Beasley, the U.N. World Food Programme official who clashed with Elon Musk on Twitter last year, said he hadn't given up on the Tesla billionaire contributing to the fight against world hunger.
Thousands Queue For Petrol, Gas In Sri Lanka Amid Warnings Of Food Shortages
Lines formed in many parts of Colombo, a city of around 900,000 people, as residents tried to stock up on fuel, which is mostly imported and is in extremely short supply
Tesla Cut From S&P 500 ESG Index, And Elon Musk Tweets His Fury
An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc from the widely followed S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles
Oil Edges Higher On Tight Supply, Rising U.S. Refining Activity
Brent crude futures for July settled up 47 cents to $114.03 a barrel, while U.S. West Texas Intermediate (WTI) crude for July delivery ended up 56 cents to $110.33 a barrel.
France Sanguine Differences Over EU Ban On Russian Oil Will Be Resolved
France's new foreign minister said she was optimistic that those still opposed to a new European Union sanctions package that would phase out Russian oil imports to the bloc could be convinced and that the bloc would reach a deal.
Tata Motors Gets Nod From Gujarat Government To Takeover Ford's Sanand Plant - Report
Tata Motors Plans to manufacture 2 lakh EVs annually at the Sanand plant by the year 2026.
Oil Steadies After Choppy Trade, U.S. Says Export Ban Not Ruled Out
Oil prices steadied on Tuesday after choppy trade as tight supply worries offset concerns over a possible recession and China's COVID-19 curbs.
Hungary Says Its Backing Of EU's Russia Oil Ban Hinges On Hundreds Of Millions Of Dollars
Hungary upped the stakes in talks about European Union oil sanctions on Wednesday, saying a deal was out of reach until Brussels offers a "solution" measured in hundreds of millions of dollars to replace Russian oil in the Hungarian economy.
Indian Government In Talks With Russian Over Cut-Price Oil Deal - Report
India is in talks with Russia over a deal to buy oil at discounted rates, the chairman of India's state-run Hindustan Petroleum Corp. said on Thursday, at a time when much of the West is shunning Russian crude over the conflict in Ukraine.
India's Crude Oil Imports Rise In March On Demand Recovery
India's crude imports rose about 4.2% in March to 19.03 million tonnes from a year earlier, government data showed on Monday, as consumption picked up in the world's third-largest oil importer after COVID-19 curbs were eased.
Enough Nickel, Lithium For 14 Million EVs In 2023 - Report
Automotive consultancy LMC has forecast global EV sales will hit 9 million in 2023 and 14.2 million in 2025.
Auto Parts Maker Aptiv Joins Rivals To Flag Earnings Hit From China Lockdowns
Aptiv has a "heavy presence" in Shanghai, a city that has been under strict lockdowns due to surging COVID-19 cases.
Uber To Cut Costs, Slow Down Hiring, CEO Tells Staff
The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc
Factbox - South Korean EV Battery Makers In $13 Billion Spree To Win U.S. Market
South Korean battery makers have stepped up their U.S. investment ambitions and cumulative spending announcements since 2018
