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Month: May 2023

Exclusive-G7 summit statement to target China’s ‘economic coercion’ -source
AsiaBusinessCanadaEconomyEuropePoliticsUKUS

Exclusive-G7 summit statement to target China’s ‘economic coercion’ -source

By Trevor Hunnicutt WASHINGTON (Reuters) -Leaders of the Group of Seven (G7) countries are set to discuss concern about China’s…

May 13, 2023May 13, 2023
Indexes slip with tech-related shares; consumer sentiment drops
BusinessEconomyTop NewsUS

Indexes slip with tech-related shares; consumer sentiment drops

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended slightly lower on Friday, led by weaker megacap shares following…

May 12, 2023May 12, 2023
France lands battery gigafactory with sweeteners, zero-carbon power
AsiaBusinessEconomyEurope

France lands battery gigafactory with sweeteners, zero-carbon power

By Gilles Guillaume and Elizabeth Pineau PARIS (Reuters) -France beat competition from Germany and the Netherlands for ProLogium’s first overseas…

May 12, 2023May 14, 2023
Soros Fund Management cut Tesla stake, added Netflix in 1st quarter
AsiaBusinessEconomyUS

Soros Fund Management cut Tesla stake, added Netflix in 1st quarter

By David Randall NEW YORK (Reuters) – Soros Fund Management, the family office of billionaire George Soros, slashed its stakes…

May 12, 2023May 13, 2023
Debt ceiling worries deepen as early June U.S. default reinforced
BusinessEconomyPoliticsTop NewsUS

Debt ceiling worries deepen as early June U.S. default reinforced

By Richard Cowan WASHINGTON (Reuters) – The Washington standoff over raising the U.S. government’s $31.4 trillion borrowing limit is adding…

May 12, 2023May 12, 2023
Analysis-Biden’s power plant proposal poses huge test for carbon capture
BusinessEnvironmentPoliticsTop NewsUS

Analysis-Biden’s power plant proposal poses huge test for carbon capture

By Valerie Volcovici and Timothy Gardner (Reuters) – The Biden administration’s plan to decarbonize the U.S. power sector envisions the…

May 12, 2023May 12, 2023
Elon Musk says he has found new Twitter CEO
BusinessEconomyTechnologyTop News

Elon Musk says he has found new Twitter CEO

By Chavi Mehta, Sheila Dang and Dawn Chmielewski (Reuters) – Elon Musk said on Thursday he has found a new…

May 11, 2023May 11, 2023
Big US banks to pay billions to replenish failure fund
BusinessEconomy

Big US banks to pay billions to replenish failure fund

By Pete Schroeder WASHINGTON (Reuters) -Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund…

May 11, 2023May 11, 2023
Why the US delayed China sanctions after shooting down a spy balloon
AsiaEconomyPoliticsTop NewsUS

Why the US delayed China sanctions after shooting down a spy balloon

By Michael Martina WASHINGTON (Reuters) -When an alleged Chinese spy balloon traversed the United States in February, some U.S. officials…

May 11, 2023May 11, 2023
BusinessEconomyElectionsPoliticsTop NewsUS

Biden warns of recession unless Republicans back his debt ceiling plan

By Nandita Bose VALHALLA, N.Y. (Reuters) -U.S. President Joe Biden piled pressure on Republican lawmakers on Wednesday to move quickly…

May 10, 2023May 10, 2023

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