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Benchmark Yield At Near 4-Month High On Spike In U.S. Yields, Oil
The high oil prices have a direct impact on inflation in India, one of the largest importers of the commodity.
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Oil Falls By Nearly 2% As Recession Fears Outweigh Tight Supply Prospects
Oil prices fell amid comments from U.S. Federal Reserve officials about rising interest rates and their effect on the economy.
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Iran Toughens Crackdown As Some Oil Workers Reported To Join Protests
Protests have swept Iran since Mahsa Amini, a 22-year-old from Iran's Kurdish region, died on Sept. 16 while being held for "inappropriate attire", marking one of the boldest challenges to the Islamic Republic since the 1979 revolution.
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Oil Settles Lower On China COVID Flare-Up, Recession Fear
World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said inflation remained a continuing problem.
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Battery Maker Envision AESC Seeking Potential Investors To Fund Expansion
Japan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief executive Shoichi Matsumoto told Reuters.
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Long Petrol Queues In Tunisia Stir Anger After Promise Of Fuel Deliveries
Many petrol stations started running out of fuel over the weekend as imports slowed and national supplies dropped, leading to lines of cars stretching kilometres in some places, causing bad traffic in Tunisian cities.
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Hyundai's Air Taxi Unit Picks Honeywell As Avionics Supplier
Under the collaboration, Honeywell will work with Supernal, Hyundai's U.S.-based eVTOL firm, to explore integration of the aerospace supplier's 'Anthem' flight deck into the air taxis, which are slated to enter commercial service in 2028.
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Ukraine To Impose Electricity Supply Restrictions
Ukraine has started restricting electricity supplies across the country after Russia knocked out more power plants.
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Slovakia's InoBat Eyes Electric Car Battery Plant In Spain
The declaration is not a finalised agreement and other locations, including the United Kingdom, remain under consideration for its Western European gigafactory, the company added in a statement, explaining that it plans to make a decision on the location before the end of the year.
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BMW Invests $1.7 Billion To Build Electric Vehicles In U.S
BMW said it was making a new $1 billion investment in its Spartanburg, South Carolina plant to prepare for EV production and will spend $700 million on a new high-voltage battery assembly facility in nearby Woodruff, South Carolina, and create at least 300 jobs.
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Hyundai Breaks Ground On $5.5 Billion U.S. EV, Battery Plant
Hyundai broke ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in its top market.
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Honda To Cut Car Output At Two Japanese Plants In October
Two lines at Honda's Suzuka plant in western Japan will cut production by about 20% in October, while its assembly plant in Saitama prefecture, north of Tokyo, will lower production plans by about 40% for the month.
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Explainer-What Is An 'Everything App' And Why Does Elon Musk Want To Make One?
The concept of an everything app, often referred to as a "super app," is massively popular in Asia and tech companies across the world have tried to replicate it.
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Twitter Slips As Investors Await Funding Details On Musk's $44 Billion Deal
Shares of the microblogging site were down marginally at $51.12, after rising 20% since Musk this week proposed to go ahead with the April bid of $54.20 per share to take Twitter private.
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China's BYD Wins Five-Star European Safety Rating For Electric SUV
BYD received a five-star Euro NCAP safety rating for its electric ATTO 3 crossover SUV.
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Oil Jumps More Than 3% Ahead Of OPEC+ Meeting On Supply Cuts
Oil rose by nearly $3 a barrel on expectations of a large cut in crude output from the OPEC+ producer group and as a weaker U.S. dollar made oil purchases less expensive.
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Lyft Hikes Service Fee For Rides As Insurance Costs Rise
Lyft is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs.
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As Carmakers Unveil New EVs, France Ups Subsidies For Poorer Buyers
Renault and Stellantis unveiled new French-made electric vehicles (EVs) at the Paris Motor Show.
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A Foxconn Tesla? Taiwan Tech Giant Targets 5% Of EV Manufacturing By 2025
Foxconn said it hopes to one day make cars for Tesla as it ramps up EV manufacturing, in a strategy to diversify its business.
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Apple Supplier Foxconn 'Cautiously Optimistic' About Q4 Outlook
Foxconn said it was "cautiously optimistic" about its fourth-quarter revenue outlook after reporting record-breaking September sales.
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