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France upbeat on attracting major Tesla investment – Le Maire

France upbeat on attracting major Tesla investment – Le Maire

Jul 9, 2023 | Business, Economy, Europe, US

PARIS (Reuters) – French Finance Minister Bruno Le Maire on Sunday said he was “very hopeful” Tesla Chief Executive Elon Musk will pick France for a substantial investment linked to the production of electric vehicles in Europe. Musk recently met...
‘Chinese storm’ looming over Europe’s EV sector, Renault chairman warns

‘Chinese storm’ looming over Europe’s EV sector, Renault chairman warns

Jul 8, 2023 | Asia, Business, Economy, Europe

By Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) – A “Chinese storm” is looming over Europe’s growing electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia’s superpower dominates key...
San Francisco’s new venture capital hotspot: The Presidio

San Francisco’s new venture capital hotspot: The Presidio

Jul 8, 2023 | Business, Economy, Entertainment and Lifestyle, Top News

By Krystal Hu SAN FRANCISCO (Reuters) – Venture capital firm Headline used to be in one of San Francisco’s most eye-catching skyscrapers: the pyramidal Transamerica building that has defined the skyline for decades. Employees enjoyed the views from the...
TotalEnergies boss: 2024 U.S. election could cause energy shock

TotalEnergies boss: 2024 U.S. election could cause energy shock

Jul 8, 2023 | Business, Economy, Elections, Europe, US

PARIS (Reuters) – The U.S. presidential election could trigger a major energy shock if Republicans were to win and decide to halt hydrocarbon exports, Patrick Pouyanné, the chief executive of French oil major TotalEnergies, said on Saturday. “The only...
Ant’s surprise share buyback values firm at steep 75% discount to IPO

Ant’s surprise share buyback values firm at steep 75% discount to IPO

Jul 8, 2023 | Business, Economy, Technology

By Julie Zhu and Josh Ye HONG KONG (Reuters) -Ant Group on Saturday announced a surprise share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit after a...
Wall Street ends choppy day lower after jobs data

Wall Street ends choppy day lower after jobs data

Jul 7, 2023 | Business, Economy, Top News, US

By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended lower on Friday in a seesaw session, as investors digested a U.S. jobs report that showed weaker-than-expected growth and awaited more economic data...
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