Category Archives:
Battery maker ACC picks Stellantis’ Comau for role in French gigafactory
MILAN (Reuters) - Automotive Cells Company (ACC) has picked Turin-based Comau to design and develop the battery module production lines for a gigafactory it is building in the French town of Douvrin, ...
Oct 06, 2022
AmEx names former SEC chairman to board
(Reuters) - American Express Co said on Thursday Jay Clayton, former chairman of the U.S. Securities and Exchange Commission, has been elected to its board of directors, effective Oct. 5. Clayton spen...
Oct 06, 2022
Explainer-Why Russia stands to gain most from OPEC+ oil production cuts
LONDON (Reuters) - OPEC+ surprise deep oil production cuts agreed this week are set to benefit Russia most while tightening supply to the West already suffering from record energy prices. OPEC+ and th...
Oct 06, 2022
India’s Nykaa and Dubai’s Apparel Group forge Gulf alliance
NEW DELHI (Reuters) -Indian cosmetics and fashion retailer Nykaa and Dubai-based lifestyle and fashion conglomerate Apparel Group have struck an alliance to expand in the Gulf region, the companies sa...
Oct 06, 2022
A French court divides by three an antitrust fine against Apple – source
PARIS (Reuters) - A French court on Thursday divided by three, to 372 million euros ($366.31 million), a fine against iPhone maker Apple linked to practices the antitrust watchdog had described as ant...
Oct 06, 2022
IMF’s Georgieva sees ‘darkening’ outlook for global economy, rising recession risks
By Andrea Shalal WASHINGTON (Reuters) - The International Monetary Fund will next week downgrade its forecast for 2.9% global growth in 2023, Managing Director Kristalina Georgieva said on Thursday, c...
Oct 06, 2022
Brazil real set for bumpy ride ahead of presidential vote runoff: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) - Brazil's real is set for a bumpy ride ahead of the country's election runoff later this month, as political tensions simmer following a surprisingly good perf...
Oct 06, 2022
Exclusive-Germany to slide into recession next year: source, citing provisional figures
BERLIN (Reuters) - The German government expects Europe's largest economy to slide into recession next year, contracting 0.4% as an energy crisis, rising prices and supply bottlenecks take their toll,...
Oct 06, 2022
U.S. weekly jobless claims increase more than expected
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased more than expected last week, but the labor market remains tight even as demand for labor is coolin...
Oct 06, 2022
Google’s Russian subsidiary files lawsuit against state bailiffs – court documents
MOSCOW (Reuters) - Google's Russian subsidiary has filed a lawsuit against Russian state bailiffs, court documents show, in a year that has seen the unit file for bankruptcy in Russia and have more th...
Oct 06, 2022
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