Auto Industry

Reuters

Oct 27, 2022, 1:29 PM

Wall Street Dives, Oil Surges As Investors Prepare For More Rate Hikes

U.S. stocks tumbled after a stronger-than-expected jobs report locked in expectations that the Federal Reserve is sticking with a steady diet of rate hikes, while supply cuts continued to boost oil prices.

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  Reuters | Oct 27, 2022

  Bangalore, India's IT Hub, Directs Uber, Others To Stop Three-Wheeler Services

  Karnataka has asked cab aggregators Uber, SoftBank-backed Ola and Rapido to stop three-wheeler services in Bengaluru.

  1 min read
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  Reuters | Oct 27, 2022

  Explainer - How Will Elon Musk Pay For Twitter?

  Musk bought himself some time, after a judge accepted the billionaire's request to halt a Twitter lawsuit to allow him to close his proposed $44 billion buyout of the social media company.

  3 mins read
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  Reuters | Oct 27, 2022

  Putin Orders Seizure Of Exxon-Led Sakhalin 1 Oil And Gas Project

  Putin signed a decree that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia's Far East.

  2 mins read
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  Reuters | Oct 27, 2022

  Kremlin Welcomes Elon Musk Proposal For Ukraine Settlement Denounced By Kyiv

  The Kremlin praised Tesla boss Elon Musk for suggesting a possible peace deal to end the war in Ukraine.

  1 min read
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  Reuters | Oct 27, 2022

  Tesla's Logistical Challenges Overshadow Record Deliveries

  Tesla Inc on Sunday announced lower-than-expected electric vehicle deliveries in the third quarter, as logistical challenges overshadowed its record deliveries.

  4 mins read
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  Reuters | Oct 27, 2022

  Tesla's Robot Waves But Can't Walk, Yet; Musk Plans To Make Millions Of Them

  Musk showed off a prototype of its humanoid robot 'Optimus', predicting the electric vehicle maker would be able to produce millions.

  5 mins read
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  Reuters | Oct 27, 2022

  Biden Says U.S. Willing To Continue Talks With S.Korea On EV Subsidy

  President Joe Biden has expressed willingness to continue talks with South Korea over recent U.S. legislation that denies subsidies to most foreign makers of electric vehicles.

  1 min read
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  Reuters | Oct 27, 2022

  Indian Refiners Scout For Oil Deals Ahead Of EU Ban On Russian Crude

  Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia.

  3 mins read