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Reuters

Dec 1, 2022, 4:40 AM

Indian Ride-Hailing Firm Ola Plans To Start Producing Electric Cars In 2024

Indian ride-hailing firm Ola Electric plans to start producing electric cars in India in 2024 with a range of up to 500 km (310 miles), Chief Executive Bhavish Aggarwal said.

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  Reuters | Dec 1, 2022

  Serbia, Kosovo Fail To Break Car Number Plate Impasse, Agree To More Talks

  The leaders of Serbia and Kosovo failed to resolve differences fuelling tension between the estranged Balkan neighbours during talks, but they agreed to resume discussions ahead of a Sept. 1 deadline that could stoke further unrest.

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  Reuters | Dec 1, 2022

  Oil Edges Off Low As Strong Export Demand Drains U.S. Crude Stocks

  Oil prices rose about 1.5% after hitting a six-month low, as a steeper-than-expected drawdown in U.S. crude stocks outweighed concerns over rising Russian output and exports as well as recession fears.

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  Reuters | Dec 1, 2022

  India 10-Year Bond Yield Sees Biggest Drop In 2 Months Tracking Oil

  Indian government bond yields declined, with the 10-year notes posting its biggest single day drop in two months in line with the slump in oil.

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  Reuters | Dec 1, 2022

  US Tells India That Indian Ship Used To Reroute Russian-Linked Fuel To New York

  U.S. has expressed concern to India that it was used earlier this year to export fuel made from Russian crude to New York through high-seas transfers.

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  Reuters | Dec 1, 2022

  Venezuela To Support Reconstruction Of Cuban Port Damaged By Oil Fire

  Maduro said that Venezuela would support Cuba in the reconstruction of its only supertanker port in Matanzas, which was partially destroyed by a fire after lightning struck one of the its crude tanks.

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  Reuters | Dec 1, 2022

  Amid Energy Crisis, EU Plans To Help Gas-Rich Mozambique Boost Security

  The European Union is planning a five-fold increase in financial support to an African military mission in Mozambique, as Islamist attacks threaten gas projects meant to reduce the EU's reliance on Russian energy.

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  Reuters | Dec 1, 2022

  Infineon Quarterly Revenue Beats, Lifts 2022 Outlook On Chip Demand

  Infineon, the leading supplier of microchips to the auto industry, on Wednesday reported a rise in third-quarter revenue and lifted its full-year outlook as it continues to benefit from a global shortage of semiconductors.

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  Reuters | Dec 1, 2022

  As US Eyes New China Chip Curbs, Turmoil Looms For Global Market

  Export restrictions being considered by Washington to halt China's advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains - and hurting U.S. businesses.

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