Auto Industry
Reuters
Jul 28, 2022, 8:04 PM
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
3 Min
Reuters | Jul 28, 2022Oil Falls 3% On Uncertainty Over Future OPEC+Output, Recession FearsThe OPEC+ group of producers, including Russia, on Thursday agreed to stick to its output strategy after two days of meetings. The producer club avoided discussing policy from September onwards.2 mins read
Jaiveer Mehra | Jul 28, 2022Kerala Man Fined For “Riding Without Sufficient Fuel”As per reports, the rider was flagged down for riding in the wrong direction on a one-way street and subsequently paid a Rs 250 fine on the spot.1 min read
Reuters | Jul 28, 2022Nasdaq Falls With Dollar, Oil Rises; Earnings, Fed In FocusNasdaq closed lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike.3 mins read
Reuters | Jul 28, 2022Oil Falls On Lackluster U.S. Summer Gasoline DemandOil prices have been extremely volatile, caught in a tug-of-war between supply fears caused by Western sanctions on Russia and worries that the fight against inflation could weaken the global economy and cut demand.2 mins read
Reuters | Jul 28, 2022Yellen: U.S. Talks With India On Price Cap On Russian Oil 'Encouraging'U.S. Treasury Secretary Janet Yellen described as "encouraging" talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices and make it harder for Moscow to fund its war in Ukraine.1 min read
Reuters | Jul 28, 2022S.Korea's LGES Plans New EV Battery Plant In EuropeTesla supplier LG Energy Solution Ltd (LGES) said it was looking at sites in Europe for a new battery plant and would ramp up production in Asia outside of China, where COVID lockdowns and rising costs were weighing on profits.3 mins read
Reuters | Jul 28, 2022UK's BII To Invest In New Mahindra EV Unit At $9 Billion Valuation, Shares SoarBII will have a 4.8% ownership in the business, which will focus on four-wheel passenger electric vehicles (EVs). The unit will be wholly owned by Mahindra, the company said in a statement.1 min read
Reuters | Jul 28, 2022Indian EV Ride-Hailing Firm BluSmart Close To Raising $250 Million - CEOBluSmart, which runs an all-electric vehicle (EV) fleet, was expecting to finalise deals with impact funds and private equity investors within the next two months, Anmol Jaggi said.2 mins read
