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Reuters
Dec 1, 2022, 5:24 AM
India's Ola will cut about 200 engineering jobs to reduce redundancy across its two main businesses of ride-hailing and electric vehicle manufacturing, the SoftBank Group-backed company said.
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Reuters | Dec 1, 2022India Slashes Taxes On Aviation Fuel Exports, Domestic Crude OilIndian government lowered taxes on aviation turbine fuel exports to 5 rupees per liter from 9 rupees per liter, a government notification said.0 mins read
Reuters | Dec 1, 2022Oil Prices Up After Basra Spill, But Log Weekly DeclineOil prices rose slightly as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.3 mins read
Reuters | Dec 1, 2022Putin Tells Europe: If You Want Gas Then Open Nord Stream 2President Vladimir Putin denied Russia had anything to do with Europe's energy crisis, saying that if the European Union wanted more gas it should lift sanctions preventing the opening of the Nord Stream 2 pipeline.1 min read- Reuters | Dec 1, 2022India's August Crude Imports Fall m/m On Monsoon Demand LullIndia's crude oil imports fell more than 13% in August month-on-month, government data showed, as monsoon rains restricted activity and slowed consumption in the world's third-biggest oil consumer.5 mins read
- Reuters | Dec 1, 2022Oil Edges Up As Supply Woes Outweigh Demand And Rate Hike WorriesOil 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.2 mins read
Reuters | Dec 1, 2022Elon Musk Accuses Twitter Of Security Lapses In Court FilingBillionaire 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
Reuters | Dec 1, 2022Tesla Weighs Reset For China Retail Strategy Even As Sales BoomTesla 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.3 mins read
Reuters | Dec 1, 2022'It Felt Like Star Wars': Hoverbike Makes U.S. DebutA 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."1 min read
