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Analysis: Retailers Turn To Robots In Cost Inflation Fight
While retail has been slower to adopt automation than sectors such as autos and electronics, it has been picking-up the pace - from the introduction of basic self check-out tills in stores to the use of robots and AI in supply chains.
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Tesla Plans To Ramp Up Model Y Production From Giga Texas In 2023: Report
The electric-vehicle manufacturer is currently preparing to roll out 75,000 Model Y vehicles from Gigafactory Texas in the first quarter of 2023, according to the report.
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Oil Slides Over 3% On Russian Price Cap Talks, U.S. Gasoline Build
Oil prices fell more than 3% continuing a streak of volatile trading, as the Group of Seven (G7) nations considered a price cap on Russian oil above the current market level.
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Proposed G7 Oil Price Cap To Have Little Immediate Impact On Russian Revenue
G7's proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues, as it is broadly in line with what Asian buyers are already paying.
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Turkish Strikes Hit Oil Installations In Northern Syria - Report
Turkish drones are targeting key oil installations run by the Kurdish-led Syrian Democratic Forces (SDF) in northeast Syria.
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Russia Says It Won't Accept Oil Price Cap And Is Preparing Response
Russia "will not accept" a price cap on its oil and is analysing how to respond, the Kremlin said.
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Bosch To Beat Forecasts, Double Down On India - Report
Bosch is set to earn more than 87 billion euros in revenues in 2022
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Redwood Materials Joins Electric Vehicle, Battery Trek To South Carolina
Redwood said it will build a $3.5 billion battery materials campus in Ridgefield, about 30 miles (48.28 km) northwest of Charleston, that will recycle, refine and remanufacture cathode and anode materials
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Oil Dips 1.5% Ahead Of OPEC+ Meeting, EU Russian Oil Ban
Oil futures slipped 1.5% in choppy trading ahead of a meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+).
Read More →Oil Rises As China Eases COVID Curbs, Dollar Weakens
Oil prices rose about a dollar per barrel after top crude importer China eased COVID curbs in two major cities.
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Elon Musk Expects Neuralink's Brain Chip To Begin Human Trials In 6 Months
Elon Musk said on Wednesday he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months.
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Nayara Energy Offers Gasoil For The First Time Since Sept
India's Nayara Energy has issued a tender to sell high-speed diesel or gasoil for first time since September.
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Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit Gains
Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.
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India Govt Steps Up Audit Of EV Firms Taking Subsidies - Report
The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received.
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India Probes Possible Misappropriation Of Incentives By EV Makers
India is investigating the possible misappropriation of incentives given to EV makers under a Rs. 10,000 crore programme to promote their faster adoption.
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Analysis-EU Unity Over Russia Sanctions Falters As Europe's Economy Wilts
EU leaders agreed on Thursday to a ninth package of sanctions but talks were acrimonious, with Poland and the Baltic states that neighbour Russia campaigning for tougher measures, while states further west, such as Germany, were more hesitant.
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Oil Rises On Hopes For China's Economy; Recession Fears Limit Gains
China, the world's top crude oil importer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions but said it plans to step up support for the economy in 2023.
Read More →World Shares Extend Rout, Oil Prices Drop On Recession Worries
The selling spilled over into commodities markets, where oil prices dropped over $2 per barrel. Gold prices faced their biggest weekly loss in four weeks after the Federal Reserve indicated it was not done hiking rates.
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Oil Prices Slid 2% As Dollar Firms And Central Banks Hike Interest Rates
After rising for three straight days, Brent futures fell $1.49, or 1.8%, to settle at $81.21 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.17, or 1.5%, to settle at $76.11.
Read More →Oil Prices Climb By $2 Amid Forecasts For 2023 Demand Uptick
Brent crude futures settled up $2.02, or 2.4%, to $82.70 per barrel, while U.S. West Texas Intermediate (WTI) crude futures settled up $1.94 to $77.28.
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