Auto Industry

Reuters
Aug 29, 2022, 8:09 PM
Cubans have been left to endure six- to 18-hour blackouts, and search for ever-scarcer gasoline in the wake of a spectacular blaze that destroyed 40% of Cuba’s main fuel depot and shuttered its only supertanker port.
3 Min
Reuters | Aug 29, 2022India Shares Down As Tech, Autos Drag; Inflation Data EyedIndian shares edged lower in early trade, as technology and automobile stocks declined amid weakness in other Asian markets, while investors awaited domestic inflation data.1 min read
Reuters | Aug 29, 2022Hope For Smaller Rate Rises To Lift Wall Street, Oil GainsWall Street headed for another day of gains as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September.3 mins read
Reuters | Aug 29, 2022Oil Rises As IEA Hikes 2022 Demand Growth ForecastOil 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
Reuters | Aug 29, 2022Oil Rises On Renewed Gasoline Demand, Weak DollarOil prices rose, rebounding from losses early in the session, helped by encouraging figures on U.S. gasoline demand and as lower-than-expected U.S. inflation data drove investors into riskier assets.2 mins read
Reuters | Aug 29, 2022EU Says U.S. Plan For EV Tax Breaks Discriminatory, May Breach WTO RulesThe European Union said it was "deeply concerned" about proposed tax credits for purchases of electric vehicles in the United States because they would be biased against foreign producers and may breach World Trade Organization (WTO) rules.1 min read
Reuters | Aug 29, 2022Oil Edges Lower As Supply Disruption Concerns EaseOil prices drifted lower after gaining more than $1 in the previous session.1 min read
Reuters | Aug 29, 2022Musk Sells Tesla Stock Worth $6.9 Billion As Possibility Of Forced Twitter Deal RisesTesla CEO Elon Musk sold $6.9 billion worth of shares, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform.3 mins read
Reuters | Aug 29, 2022Nikola Names Michael Lohscheller As Next CEONikola Corp said that Lohscheller will take over as the CEO when Mark Russell retires on January 1 next year.1 min read


















































