Auto Industry

Reuters

Nov 30, 2022, 6:47 PM

Twitter Lays Off Staff As Musk Blames Activists For 'Massive' Ad Revenue Drop

Tweets by staff of the social media company said teams responsible for communications, content curation, human rights and machine learning ethics were among those gutted, as were some product and engineering teams.

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  Reuters | Nov 30, 2022

  Panasonic To Start Building Kansas Battery Plant Next Month

  The conglomerate's energy unit said in July it had picked Kansas as the site for a new plant to supply batteries primarily to Tesla Inc, joining other battery producers planning massive U.S. investments to qualify for new EV tax credit rules and to tap that market's potentially massive demand.

  2 mins read
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  Reuters | Nov 30, 2022

  Oil Prices Slide $2 On China Demand Worries, U.S. Midterm Elections

  U.S. inventories of distillate fuels finished October at their lowest levels for any October since 1951, according to the U.S. Energy Information Administration.

  2 mins read
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  Reuters | Nov 30, 2022

  Ford's Shuttered Unit Argo Lays Off 78 Employees In Austin -Govt Notice

  The Pittsburg-based Argo AI earlier this year commenced driverless operations in Austin and Miami.

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  Reuters | Nov 30, 2022

  Indian Petrochemical Demand Could Rise Threefold By 2040- IOC Exec

  India, Asia's third-largest economy, annually consumes 25 million to 30 million tonnes of petrochemicals. Its per capita consumption is about a third of global average.

  1 min read
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  Reuters | Nov 30, 2022

  Oil Sinks About 4% After Weak Factory Data Sparks Demand Concerns

  Oil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.

  2 mins read
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  Reuters | Nov 30, 2022

  Russian Crude Prices Recover On Strong India, China Demand

  Spot prices for Russia's key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said.

  3 mins read
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  Reuters | Nov 30, 2022

  Big Oil Offers Big Returns But Keeps Spending Tight

  The West's energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices.

  3 mins read
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  Reuters | Nov 30, 2022

  Oil Rises As IEA Hikes 2022 Demand Growth Forecast

  Oil prices rose by over 1% after the International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers to switch to oil.

  2 mins read