About Reuters
Articles of Reuters
Renault-Nissan Ordered To Pay Additional Wages, Despite Warning India Unit Could Become 'Unviable'
Nissan and its union have been locked in an industrial arbitration dispute since July after the two sides failed to reach a mutual agreement over several issues including higher wages. A previous wage agreement expired in March 2019.
Read More →
Ford Counterattacks In 'Cruise' Dispute With GM: Report
Ford reiterated on Friday its position that GM's suit is frivolous. The effort to nullify GM's trademarks for the use of the word "cruise" takes the fight to a new level.
Read More →
Mass production of Aurus Senat cars starts at Ford Sollers car factory
Aurus is Russia's first luxury car brand
Read More →
China's Tech Crackdown Thwarts Pony.ai's U.S. Listing Plans
The Committee on Foreign Investments in the United States, which reviews deals of companies with foreign ties for potential national security risks, has also been scrutinizing SPAC deals.
Read More →
LG Elec Cuts Q2 Operating Profit By 21% After GM Bolt EV Recall
LG Chem said in July during its second-quarter earnings call that the fires could be related to two defects which occurred during the battery module manufacturing process.
Read More →
U.S. Weighs 2050 Target In Bid To Wean Airlines Off Fossil Fuels
The administration is looking at a 2050 target for airlines to fly on 100% jet fuel from renewable sources, said two sources, who spoke anonymously to be candid about the discussions.
Read More →
Didi In Talks With State-Backed Westone To Hand Over Data Control: Report
Didi is in discussions with Westone Information Industry Inc, which would be the main third-party company to manage its massive data stored domestically as per domestic regulators' guidance, said two people with knowledge of the matter.
Read More →
Oil Falls In Biggest Weekly Decline In Months On Demand Worries
For the week, global benchmark Brent shed more than 6%, its largest week of losses in four months, and WTI tumbled nearly 7% in its biggest weekly decline in nine months.
Read More →
SK Innovation To Split Off Battery Unit, Shares Fall
The battery unit, which is aiming to turn profitable next year, accounted for nearly 6% of the company's revenue in the second quarter.
Read More →
HPCL To Operate Expanded Mumbai Refinery At Full Rate By Mid-October
HPCL shut the 150,000 bpd Mumbai refinery from April 1 for maintenance and capacity expansion. It has started one crude unit post maintenance and the second unit, which is being revamped to add 40,000 bpd, is in pre-commissioning stage
Read More →
Chinese EV Maker Li Auto To Raise $1.52 Billion In Hong Kong Listing
The deal follows that of rival Xpeng Inc, which raised $1.8 billion in its dual primary listing in late June.
Read More →
Taiwan's Foxconn Buys $90.8 Million Wafer Plant From Macronix, Eyeing EV Chips
In a joint news conference, Foxconn and Macronix said the sale of the 6-inch wafer fabrication plant (fab) in Taiwan's chip-making hub of Hsinchu will be finalised by the end of this year. The plant is not currently in operation.
Read More →
India's July Gasoline Sales Above Pre-Pandemic Levels: Report
Daily sales of gasoline rose to 76,500 tonnes in July, a jump of about 3.6 per cent over the corresponding 2019 period and 5.7% over June this year, preliminary industry data showed on Friday.
Read More →
Tesla Agrees To Pay $1.5 Million To Settle Claims Over Temporary Battery Voltage Reduction
Owners of the vehicles will get $625 each, which is "many times the prorated value of the temporarily reduced maximum voltage," according to the proposed settlement documents filed Wednesday in U.S. District Court in San Francisco.
Read More →
Amazon-Backed Rivian In Talks With Ministers Over UK Factory: Report
The company, which is also backed by Ford Motor Co, has been in negotiations with the British government for weeks about the construction of a plant near Bristol, the report added.
Read More →
Elon Musk's Neuralink Raises Over $200 Million From Google Ventures, Others
Neuralink aims to implant wireless brain computer chips to help cure neurological conditions including Alzheimer's, dementia and spinal cord injuries and fuse humankind with artificial intelligence.
Read More →
Oil Prices Drop, But On Track For Steep Weekly Gain
Even with coronavirus cases rising in the United States, all around Asia and parts of Europe, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.
Read More →
EV Charging Firm Allego To Go Public Via Apollo-Backed Blank-Check Deal
Founded in 2013, Allego was acquired by asset manager and global investor Meridiam in 2018. It has deployed more than 26,000 charging ports across 12 European countries.
Read More →
India June Crude Imports Hit 8-Month Low As Virus Dampens Demand
Crude oil imports rose in June by 16.3 per cent to 15.90 million tonnes from a year earlier, but dropped 7.8 per cent from May, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed.
Read More →
Electric Car Startup Canoo Names Former Diplomat As President
Sheeran, who joined the Canoo board last December, is the executive chairman of the McCain Institute, a Washington think tank.
Read More →
