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Reuters

Dec 1, 2022, 4:00 AM

Italy, Intel Close To $5 Billion Deal For Chip Factory - Sources

Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.

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  Reuters | Dec 1, 2022

  Lyft Posts Record Quarter, Sees Operating Profit Of $1 Billion In 2024

  Ride-hailing firm Lyft Inc forecast an adjusted operating profit of $1 billion for 2024 after reporting record earnings for the second quarter, betting on strength in the rideshare market as it rebounds from pandemic lows.

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  Reuters | Dec 1, 2022

  Baidu Bags China's First Fully Driverless Robotaxi Licenses

  China search engine giant Baidu Inc said on Monday it has obtained permits to operate fully driverless robotaxi services on open roads from two Chinese cities, the first of their kind in the country.

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  Reuters | Dec 1, 2022

  U.S. House Lawmakers Look To Jump-Start Self-Driving Legislative Push

  Two members of the U.S. House of Representatives are launching a bipartisan effort to help revive legislative efforts to boost self-driving vehicles.

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  Reuters | Dec 1, 2022

  Oil Costs Spur India To Produce Ethanol From Farm Waste

  India opened its first factory to produce ethanol from rice straw or stubble on Wednesday as part of measures to reduce its reliance on oil imports and meet its net zero carbon goal.

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  Reuters | Dec 1, 2022

  Sierra Leone Doctors Strike Over Pay, Fuel Allowances

  Doctors across Sierra Leone began an indefinite strike on Monday to protest low pay and lack of benefits, leaving dozens of patients in hospital waiting rooms in need of care.

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  Reuters | Dec 1, 2022

  Chip Stocks Slip As Taiwan Tensions Mount

  Semiconductor stocks fell globally as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a fresh escalation in tensions between Washington and Beijing.

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  Reuters | Dec 1, 2022

  Spiralling Fuel Costs Hit Damascus Drivers

  Damascus minibus driver Khaled al-Hassi remembers a time when he could fill his tank with cheap fuel to drive passengers across the Syrian capital and take home enough money for food, drink and a comfortable life.

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  Reuters | Dec 1, 2022

  Ukraine To Resume Excise Tax On Fuel To Replenish Budget During War

  The Ukrainian government has asked parliament to partially restore excise tax on petrol and diesel fuel to boost the state budget, depleted by months of war with Russia.

  1 min read