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Reuters

Dec 1, 2022, 5:33 AM

U.S. Commerce Aims To Seek Chips Funding Proposals By February

The U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.

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  Reuters | Dec 1, 2022

  India's BPCL Plans To load Sokol Cargo In Sept - Report

  Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said.

  1 min read
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  Reuters | Dec 1, 2022

  India Asks Amazon To Remove Seatbelt Alarm Blockers In Road Safety Push

  The Indian government has asked online retail giant Amazon to stop selling devices designed to disable car seatbelt alarms, transport minister Nitin Gadkari told Reuters, citing potential safety risks.

  1 min read
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  Reuters | Dec 1, 2022

  Shenzhen Shuts Most Public Transport As China Battles Multiple Outbreaks

  The main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.

  3 mins read
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  Reuters | Dec 1, 2022

  Oil Climbs Ahead Of OPEC+ Meeting Next Week

  Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.

  3 mins read
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  Reuters | Dec 1, 2022

  Oil Climbs Ahead Of OPEC+ Meeting Next Week

  Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.

  3 mins read
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  Reuters | Dec 1, 2022

  SoftBank Plans $35 Million Bet On India's GoMechanic - Report

  Vision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazanah and existing investor Tiger Global also planning to invest in the $100 million funding round.

  2 mins read
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  Reuters | Dec 1, 2022

  GM Startup Cruise Recalls And Revises Self-Driving Software After Crash

  General Motors startup Cruise LLC said it had recalled and updated software in 80 self-driving vehicles after a June crash in San Francisco that left two people injured.

  3 mins read
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  Reuters | Dec 1, 2022

  Resigned Riders Of Gasoline-Fueled Motorbikes Pay For Parking In Paris

  Paris's town hall decision to make gasoline-fueled motorcycles pay for parking kicked in this Thursday, triggering reactions from riders ranging from resignation to dissatisfaction.

  1 min read