Author: Press Room
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© Reuters. An employee works on the automobile assembly line of Bluecar electric city cars at Renault car maker factory in Dieppe, western France, September 1, 2015. REUTERS/Philippe Wojazer/File Photo BERLIN (Reuters) – Europe’s electric vehicle (EV) sector risks falling behind without a robust EU industrial strategy, autos group ACEA said on Thursday citing new report findings, amid China’s dominance of the supply chain and U.S. incentives for its automakers. A new report by France’s Ecole Polytechnique university shows an “immense scale of challenges” for the European Union in developing an EV supply chain, the European Automobile Manufacturers’ Association (ACEA)…
Dec. 14, 2023 8:32 AM ETBy: Liz Kiesche, SA News Editor alexsl Initial jobless claims for the week ended Dec.9: -19K to 202K vs. 220K expected and 221K prior (revised from 220K). Continuing claims: 1.876M vs. 1.887M expected and 1.856M prior (revised from 1.861M).
Two utilities and two media organizations are suing over a referendum in Maine that closed a loophole in federal election law that allows foreign entities to spend on local and state ballot measures.The three lawsuits take aim at the proposal overwhelmingly approved by voters on Nov. 7 to address foreign election influence.The Maine Association of Broadcasters and Maine Press Association contend the new law that goes into effect on Jan. 5 imposes a censorship mandate on news outlets, which are going to be required to police campaign ads to ensure there’s no foreign government influence.ME VOTERS MAY SOON BAN FOREIGN…
A group of coworkers in Kentucky won $50,000 on scratch cards they got as holiday gifts.They won $50 on a ticket, so bought some more – and ultimately ended up with $50,000.”We were all so excited,” one of the winners told Kentucky Lottery. “I was on the floor.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A group of coworkers in Kentucky won $50,000 on the lottery after repeatedly winning on scratch cards.Sheila Colter from Bowling Green, who works as a second shift supervisor…
Stay informed with free updatesSimply sign up to the Oil myFT Digest — delivered directly to your inbox.Opec+ now controls barely half of global oil production as demand growth slows “drastically” and US output reaches new highs, the west’s energy watchdog said on Thursday.The International Energy Agency said recent production cuts to prop up the oil price have reduced the market share of Opec+ to just 51 per cent — the lowest since the expanded cartel was set up in 2016.Despite the output cuts, oil prices are lingering below $75 a barrel, compared with nearly $100 in September, with the…
© Reuters. The Bank of England is seen in the City of London August 7, 2013. REUTERS/Toby Melville/File Photo By David Milliken, Andy Bruce and Suban Abdulla LONDON (Reuters) – The Bank of England stuck to its guns on Thursday and said British interest rates needed to stay high for “an extended period”, a day after the U.S. Federal Reserve signalled it would cut U.S. interest rates next year. The BoE’s Monetary Policy Committee voted 6-3 to keep rates at a 15-year high of 5.25%, in line with economists’ expectations in a Reuters poll last week. The three dissenting votes…
© Reuters. People walk past a booth of Zeekr, Chinese automaker Geely’s premium electric vehicle (EV) brand, at a shopping mall in Beijing, China November 3, 2023. REUTERS/Tingshu Wang/File Photo SHANGHAI (Reuters) – Zeekr, the premium electric vehicle brand of Chinese automaker Geely, unveiled on Thursday lithium iron phosphate batteries it developed that support fast charging. Zeekr becomes the latest manufacturer to launch such a battery in a competitive market, as it moves to cut dependence on external suppliers for the key component of electric vehicles, or EVs. At its battery plant in the province of Zhejiang, the company said…
2/2 © Reuters. FILE PHOTO: Firefighters tackle fire in a field as forest fires ravage the Bolivian Amazon, in San Buenaventura, Bolivia November 22, 2023. REUTERS/Claudia Morales//File Photo 2/2 By Gloria Dickie DUBAI (Reuters) – A deal for the world to transition away from fossil fuels was hailed as a historic achievement on Wednesday at the U.N. climate summit in Dubai, but there’s a good chance it won’t achieve its ultimate goal – holding global warming to 1.5 degrees Celsius. For months, COP28 President Sultan al-Jaber had described that 1.5C limit – first stated in the 2015 Paris Agreement -…
Jabil Non-GAAP EPS of $2.60 beats by $0.02, revenue of $8.4B beats by $40M