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Reuters

Dec 1, 2022, 5:23 AM

Oil Edges Up As Supply Woes Outweigh Demand And Rate Hike Worries

Oil prices edged slightly higher in volatile trading, as worries of tight supplies outweighed fears that global demand could slow due to a strong U.S. dollar and possible large increases to interest rates.

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  Reuters | Dec 1, 2022

  Elon Musk Accuses Twitter Of Security Lapses In Court Filing

  Billionaire Elon Musk accused Twitter Inc of fraud by concealing serious flaws in the social media company's data security, which the entrepreneur said should allow him to end his $44 billion deal for the company, according to a court filing.

  1 min read
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  Reuters | Dec 1, 2022

  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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  Reuters | Dec 1, 2022

  'It Felt Like Star Wars': Hoverbike Makes U.S. Debut

  A hoverbike that the Japanese manufacturers plan to launch in the United States next year made its U.S. debut at the Detroit Auto Show, drawing perhaps inevitable comparisons to the speeder bikes of "Star Wars."

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  Reuters | Dec 1, 2022

  Loop Energy Says New Hydrogen Fuel Cell More Efficient Than Diesel Engine

  Hydrogen fuel cell maker Loop Energy said that its latest cell system can deliver better fuel economy than a diesel engine at current price levels.

  1 min read
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  Reuters | Dec 1, 2022

  Tesla Says China Sales Channel Expansion Proceeding At Normal Pace

  Tesla said that it is still expanding its sales channels in China at a normal pace, in response to a Reuters report saying it was considering closing some city centre showrooms in its second largest market.

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  Reuters | Dec 1, 2022

  Indian Shares Rise As Finance, Autos Gain; Cenbanks In Focus

  Indian shares ended higher, lifted by gains in financials and auto companies, while investors prepared for a host of central bank meetings this week to gauge the impact of rate hikes on global economy.

  1 min read
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  Reuters | Dec 1, 2022

  Tesla Completes Production Capacity Expansion At Shanghai Plant - Shanghai Govt

  Tesla completed a project to expand production capacity at its Shanghai plant, according to a statement on a Shanghai government platform for companies' environmental information disclosures.

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  Reuters | Dec 1, 2022

  Mongolian President Says He Supports Russia-China Oil And Gas Piplines Through Mongolia

  Mongolian President Ukhnaagiin Khurelsukh said that he supports the construction of oil and gas pipelines from Russia to China via Mongolia.

  1 min read