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Dutch Students Devise Carbon-Eating Electric Vehicle
The sporty all-electric car from the Netherlands resembles a BMW coupe, but is unique: It captures more carbon than it emits.
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Taiwan President Warns Of 'Volatile' Challenges Facing Chip Industry
Taiwan's President Tsai Ing-wen warned the semiconductor industry faces new and "volatile" challenges, but said her government will work with the sector to overcome them.
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Uber Asks Its India Drivers To Ensure Rear Seatbelts In Their Cars Work
Ride-hailing company Uber Technologies has asked its drivers in India to ensure backseat seatbelts in their vehicles are accessible to passengers and they work, days after a local business tycoon died in a crash involving his private car.
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Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic Data
Oil prices ended nearly 1% lower, reversing earlier gains as U.S. consumer prices unexpectedly rose in August, giving cover for the U.S. Federal Reserve to deliver another hefty interest rate increase next week.
Read More →Upset By High Prices, GM's Cruise Develops Its Own Chips For Self-Driving Cars
General Motors' autonomous driving unit Cruise has developed its own chips for self-driving cars to be deployed by 2025, as they aim to bring down costs and scale up volume, executives said.
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Tesla Weighs Reset For China Retail Strategy Even As Sales Boom
Tesla is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing where traffic plunged during COVID restrictions, two people with knowledge of the plans said.
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Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower Claims
Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.
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Stocks Eye 3% Weekly Loss, Dollar Sky High Before U.S. Jobs Data
World stocks were heading for a 3% loss on the week while the dollar hit 24-year highs against the yen for a second day ahead of key U.S. jobs data, as investors brace for aggressive rate hikes from the Federal Reserve.
Read More →Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap Looms
Oil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.
Read More →Taiwan President Says She Looks Forward To Producing 'Democracy Chips' With U.S
Taiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, the latest in a string of senior officials from the county to visit.
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GM, LG Energy Joint Venture Ohio Battery Plant Begins Production
A General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production.
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Oil Dives Nearly $6 A Barrel On Demand Fears, Iraq Exports
Oil prices fell nearly $6 a barrel, the steepest decline in about a month, on fears that fuel demand could soften as global central banks hike rates to fight surging inflation, and as unrest in Iraq failed to dent the OPEC nation's crude exports.
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This Decade's Oil Boom Is Moving Offshore - Way Offshore
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada's Atlantic coast.
Read More →Oil Prices Climb 1% As U.S. Fuel Inventories Fall
Oil prices recovered slightly as data pointed to firm U.S. fuel demand, providing respite after a 5% drop a day earlier on fears that demand will suffer from increased China COVID curbs and central bank interest rate hikes.
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Musk Looks To Delay Twitter Trial Following Whistleblower Claims
Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion deal to buy Twitter Inc and amend his complaint against the social media company, according to court filings, after a whistleblower provided him with fresh ammunition.
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Stellantis Plant In Sochaux Halted Over Chip Shortage
Car production at Stellantis' Sochaux car plant in France will be suspended until Saturday, the company confirmed to Reuters, after a union official cited semiconductor shortages as the reason for the interruption.
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Tesla Likely Must Face California Agency's Race Bias Lawsuit
A California state judge said he would likely deny Tesla Inc's bid to dismiss a lawsuit by the state's civil rights agency accusing the electric car maker of widespread race discrimination at an assembly plant.
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Chinese Airline Owner Juneyao Group Plans To Enter Booming EV Market - Sources
Juneyao Group, the parent of Chinese carrier Juneyao Airlines, plans to start making electric vehicles (EV), two people with knowledge of the matter said, as it seeks to diversify from businesses that have been hit hard by COVID.
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India's State-Funded Helmet Promises 'Fresh Air' In Battle On Winter Smog
As India's capital of New Delhi prepares for winter - and the accompanying season of acrid smog - the government is promoting a motorcycle helmet fitted with filters and a fan at the back that it says can remove 80% of pollutants.
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Oil Rises On Prospect Of OPEC+ Supply Cut
Oil rose more than 1%, extending last week's gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth.
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