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Reuters

Dec 1, 2022, 5:04 AM

Barclays Sees Crude Surplus In Near-Term, Cuts Brent Price View

Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "resilient" Russian supplies.

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  Reuters | Dec 1, 2022

  Australia To Target Vehicle Emissions To Boost Electric Car Supply

  Australia's government said it plans to introduce new regulations targeting vehicle carbon emissions to boost the uptake of electric cars, as it looks to catch up with other developed economies.

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  Reuters | Dec 1, 2022

  Musk Approaches Brain Chip Startup Synchron About Deal Amid Neuralink Delays -Sources

  Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch-up in the race to connect the human brain directly to machines, according to four people familiar with the matter.

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  Reuters | Dec 1, 2022

  EV Maker Nikola Beats Revenue Estimates On Higher Deliveries

  Nikola Corp exceeded market estimates for quarterly revenue as the electric-vehicle maker delivered more semi trucks after a production ramp-up, sending its shares 6% higher in trading before the bell.

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  Reuters | Dec 1, 2022

  U.S. Lawmakers Urge Joint Use Of Funds For Broadband, EV Charge Stations

  A group of 10 U.S. House Democrats asked President Joe Biden's administration to build electric vehicle charging stations together with broadband internet infrastructure under the $1 trillion infrastructure law approved in November 2021.

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  Reuters | Dec 1, 2022

  Foxconn To Build Autonomous Electric Tractors At Ohio Facility

  Taiwan's Foxconn, the world's largest contract electronics maker, said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio, facility starting in early 2023.

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  Reuters | Dec 1, 2022

  Foxconn Starts To Feel Sting Of Slowing Smartphone Sales

  Apple iPhone assembler Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom.

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  Reuters | Dec 1, 2022

  S.Korean EV Battery Maker SK On Raises $1.5 Billion In Expansion Push - Report

  The battery unit of energy group SK Innovation Co Ltd has been in talks with a local private equity consortium which includes EastBridge Partners, Korea Investment Partners and Stella Investment

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  Reuters | Dec 1, 2022

  Oil Settles Up As IEA Hikes 2022 Demand Growth Forecast

  Oil prices settled up more than $2 after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices have some consumers switching to oil.

  2 mins read