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Musk Wants Twitter To Be 'Most Respected Advertising Platform': Report
Musk, Twitter co-founder Jack Dorsey and investors in the deal had previously suggested moving away from advertising and seeking revenue from subscriptions and other means.
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Analysis-Ford, VW Pop The Automated-Vehicle Bubble With Argo AI Exit
As Ford, General Motors Co and other companies began to realize they would need to step up investment over a longer period of time, "it was never clear what the financial returns were going to be" on automated vehicles, Evangelos Simoudis, an investor, author and corporate adviser
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Oil Prices Ease On Chinese Demand Data, Stronger Dollar
Brent crude futures for December delivery settled at $93.26 a barrel, down 24 cents, 0.3%, after rising 2% last week. U.S. West Texas Intermediate crude lost $84.58 a barrel, losing 47 cents, 0.6%. Both benchmarks had fallen by $2 a barrel earlier in the session.
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Nigeria Orders Final Seizure Of houses, Cars Of Former Oil Minister
Alison-Madueke was a key figure in the administration of former President Goodluck Jonathan who served as petroleum minister from 2010 to 2015. She has been dogged by corruption allegations since she left office but denies the charges.
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Oil Rises On Strong Crude Demand, Despite China Fears
Figures on Wednesday showed record U.S. crude exports, a hopeful sign for demand, even as crude stocks rose. The U.S. dollar weakened in early trade on hopes that interest-rate hikes may become less aggressive.
Read More →Western Officials Finalizing Plans For Russia Oil-Price Cap
Officials said no price range has been decided yet, however one person familiar with the process said the cap will be determined in line with the historical average of $63-64 a barrel - a level that could form a natural upper limit.
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Tesla Cars Will Not Be Approved As Fully Self Driving This Year, Musk Says
Tesla says the cars still need to be driven with human oversight.
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Oil Prices Settle Up; China Demand Hopes Outweigh Recession Worry
Traders were squaring up positions ahead of the weekend after the WTI's November contract expiry, increasing volatility.
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Russia Poised To Largely Skirt New G7 Oil Price Cap
The Group of Seven countries agreed last month to cap Russian oil sales at an enforced low price by Dec. 5 but faced consternation from main players in the global oil industry who feared the move could paralyse the trade worldwide.
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Indian Rupee Could Hit 84-85/USD By March On Trade Deficit, Oil Woes -Elara Global
Higher-than-expected jobs additions in September and an unexpected dip in the unemployment rate cemented bets of another 75 basis points Fed rate hike next month, pressuring the rupee.
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France Orders Fuel Depot Strikers Back To Work, Union Vows To Challenge It
The French energy ministry said it was requisitioning some staff at the Gravenchon-Port Jerome depot run by Exxon's Esso France business, where the hardline CGT remains on strike despite a pay deal with other unions.
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Druzhba Pipeline Leak Reduces Russian Oil Flows To Germany
The discovery of the leak in the main route carrying oil to Germany, which operator PERN said it found on Tuesday evening, comes as Europe is on high alert over its energy security.
Read More →Oil Prices Rise 2% On Low Diesel Stocks Ahead Of Winter
Brent crude futures for December delivery rose $2.12 to $94.57 a barrel, a 2.29 per cent gain. U.S. crude rose $1.84, or 2.1 per cent, to $89.11 per barrel.
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Indian EV Maker Euler Motors Expects To Ramp Up Monthly Production To 1,000 Units
Euler Motors is expecting its order book to swell to 15,000 units by the end of the financial year from over 9,000 currently, buoyed by strong demand, Euler CEO Saurav Kumar told Reuters.
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Battery Maker ACC Picks Stellantis' Comau For Role In French Gigafactory
ACC, a joint venture of Stellantis, Mercedes Benz and TotalEnergies, has a plan worth over 7 billion euros ($6.9 billion) to build three gigafactories in France, Germany and Italy with a capacity of 40-gigawatt hours (GWh) each by 2030.
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Honda To Build JV U.S. Battery Plant, Retool Ohio Plants
Honda and LG are initially committing to investing $3.5 billion and creating 2,200 jobs but said the overall investment is projected to reach $4.4 billion.
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SoftBank-backed tech unicorn Kavak expands in Middle East
Kavak plans to invest $130 million over the next two years in the three Middle-Eastern countries, which are set to represent 7-10% of its business.
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PepsiCo Confirms Tesla Semi Truck Deliveries To Start In December
PepsiCo said in a statement that the trucks would be used at its Frito-Lay plant in Modesto, California, and its PepsiCo beverages factory in Sacramento. PepsiCo has been aiming to reduce fuel costs and emissions, and reserved 100 of the trucks in 2017.
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Toshiba India To Supply Batteries For EVage's Electric Vans
This is the first deployment of lithium titanium oxide (LTO) cells into commercial delivery vans and will help EVage vehicles with battery safety and performance, the companies said.
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Gas Price Cap Deal Eludes EU Countries, For Now
The 27-country EU is plotting its next move to tame soaring energy prices and shield consumers from surging bills, as Europe heads into a winter of scarce Russian gas, a cost of living crisis and the looming threat of recession.
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