Auto Industry

Reuters

Jul 30, 2022, 6:38 PM

Oil Rises As Tight Supply Trumps Recession Fears

Euro zone inflation hit yet another record high in June, strengthening the case for rapid European Central Bank rate increases, while U.S. consumer sentiment hit a record low.

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  Reuters | Jul 30, 2022

  Tesla's Run Of Record Deliveries May Be Reaching The End Of The Road

  This would be down from its record deliveries of 310,048 the preceding quarter, marking Tesla's first quarter-on-quarter decline in deliveries since the first quarter of 2020.

  3 mins read
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  Reuters | Jul 30, 2022

  China's Shenzhen Orders Big Firms Such As Foxconn Into Closed Loop To Curb COVID

  While Reuters could not independently verify the document, a notice at a Shenzhen office of oil giant CNOOC Ltd seen by Reuters said that the building would be closed for seven days until July 31, with staff to work from home and continue with daily COVID testing.

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  Reuters | Jul 30, 2022

  Oil Settles Up 1% At 2-Week High On Worries About Tight Supply

  Brent posted its highest close since July 4 and WTI its highest since July 8. At one point during the volatile session, both benchmarks were down around $2 a barrel.

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  Reuters | Jul 30, 2022

  Yellen Says She Had 'Productive' Meetings On Russian Oil Price Cap

  Yellen said her bilateral meetings and the overall G20 sessions in Indonesia focused on the human and economic cost of Russia's invasion of Ukraine, with the United States and other countries "unequivocal in condemning their (Russia's) shameful actions."

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  Reuters | Jul 30, 2022

  Libya's Tripoli Government Installs New Oil Company Head Despite Opposition

  The tussle over NOC has opened cracks in both the loose eastern and western camps whose rivalry has fuelled Libya's conflict for years and risks undermining the company's longstanding independence from the factional infighting.

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  Reuters | Jul 30, 2022

  Taiwan Weighs Foxconn Fine For China Chip Investment - Sources

  Foxconn, the world's largest contract electronics maker, said this week it has become a shareholder in embattled Chinese chip conglomerate Tsinghua Unigroup via a 5.38 billion yuan ($797 million) investment by a subsidiary.

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  Reuters | Jul 30, 2022

  Brazilian Ride-Hailing App 99 To Test Electric Car With China's BYD

  The tests of the vehicle, which was developed by BYD and China's Didi Chuxing, will begin this week in Sao Paulo, Brazil's financial capital, with the goal of accelerating the adoption of electric vehicles in 99's fleet.

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  Reuters | Jul 30, 2022

  U.S. Agency To Open Probe Into Fatal Florida Tesla Crash

  NHTSA has previously opened 36 special crash investigations - including the California crash - involving Tesla Inc vehicles in which advanced driver assistance systems like Autopilot were suspected of being used since 2016.

  2 mins read