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S.Korea's Yoon Asks Biden To Resolve Concerns Over EV Subsidy Rules
South Korean President Yoon Suk-yeol asked U.S. President Joe Biden to help address Seoul's concerns that new U.S. rules on electric vehicle subsidies will hurt the country's automakers, Yoon's office said.
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Oil Slumps Over 3% On U.S. Rail Agreement, Demand Concerns
Oil futures fell over 3% on a tentative agreement that would avert a U.S. rail strike, expectations for weaker global demand and continued U.S. dollar strength ahead of a potentially large interest rate increase.
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Kenya Scraps Petrol Subsidy After President Warned It Was Unsustainable
Kenya scrapped a subsidy on petrol a day after new President William Ruto said subsidies were unsustainable.
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Magna Invests $77 Million In India's EV Startup Yulu To Enter Micromobility Market
Magna is investing $77 million in India's EV startup Yulu to enter the micromobility market.
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Oil Rises 1% On Supply Concerns, Expectations For Fuel Switching
Oil edged up 1% as an international energy watchdog expects an increase in gas-to-oil switching due to high prices this winter.
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Elon Musk Accuses Twitter Of Security Lapses In Court Filing
Musk accused Twitter of fraud by concealing serious flaws in the social media company's data security.
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Compass Minerals Picks Lithium Extraction Technology To Supply Ford, Others
Compass Minerals will use a lithium extraction technology developed by EnergySource Minerals LLC to produce the electric vehicle battery metal for Ford & others.
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Indian Shares Post Weekly Decline As Tech, Autos Tumble
Indian shares dropped nearly 2% to register a weekly decline, dragged by a sharp fall automobile stocks.
Read More →Ecuador Reaches Preliminary Deals On Oil, Mining With Indigenous Groups
Ecuador reached a preliminary agreement with indigenous groups to declare a temporary moratorium on 16 oil blocks, Energy and Mining Minister Xavier Vera said, a turning point in negotiations aimed at staving off renewed street protests.
Read More →Oil Prices Settle Higher Amid Supply Concerns Heading Into Winter
Oil prices settled higher, shaking off weaker demand expectations as supply concerns mount heading into the winter.
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Pares Early Gains On Dollar Demand From Importers, Oil Refiners
The Indian rupee trimmed early gains against the U.S. currency on Thursday, weighed down by dollar demand from importers and oil companies.
Read More →U.S. Shares Rally While Oil Climbs, Dollar Dips
Wall Street equity indexes closed higher as some investors bet that August data would show easing U.S. inflation while others were encouraged by news that Ukraine had made progress against Russia in a war that has hurt the global economy.
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Taiwan's ProLogium Seeks European Site For $8bln Battery Plant
Taiwanese battery maker ProLogium Technology Co has shortlisted four European countries - France, Germany, Poland and the United Kingdom - for an $8 billion solid-state lithium battery plant, consulting firm Accuracy said.
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Israel's StoreDot Moves Closer To 2024 Production Of Fast-Charge Batteries
Israeli startup StoreDot has shipped production-ready samples of its fast-charge electric vehicle battery cells to strategic partners and potential customers as it moves closer to a planned 2024 production date, the company said.
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Indian Shares Fall As Autos Skid
Indian shares ended lower, dragged by auto stocks, while a weaker broader market weighed on sentiment.
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Auto Parts Supplier Aptiv To Acquire 85% Of Intercable Unit In EV Tech Push
Auto parts supplier Aptiv Plc said it would acquire a majority stake in a unit of Italy' Intercable for 595 million euros ($605.71 million), allowing the U.S. company access to technology used in electric vehicles (EVs).
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Vedanta Sees No Funding Problems For Indian Chip JV With Foxconn
India's Vedanta does not see any funding problems for a $19.5 billion semiconductor venture with Taiwan's Foxconn, its chairman told CNBC-TV18, adding he hoped the project would foster local electronics clusters.
Read More →Vedanta, Foxconn JV Pick Gujarat For Setting Up $20 Billion India Semiconductor Foray - Sources
Vedanta Ltd has selected Indian Prime Minister Narendra Modi's home state of Gujarat for its semiconductor project, two sources told Reuters, the first major step in its $20 billion joint venture with Taiwan's Foxconn.
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Oil Up Nearly 3% As OPEC+ Agrees To Small Oil Output Cut
Oil prices rose about 3%, as OPEC+ members agreed to a small production cut of 100,000 barrels per day to bolster prices.
Read More →Musk Can Use Whistleblower Claims, But Judge Won't Delay Twitter Trial
Elon Musk's can use a whistleblower's claims in his legal case against Twitter Inc but the billionaire cannot delay the trial over his attempt to walk away from his $44 billion deal for the company, a judge ruled.
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