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Category: US

NY Fed data shows underlying inflation may be slower than thought
BusinessEconomyUS

NY Fed data shows underlying inflation may be slower than thought

By Howard Schneider WASHINGTON (Reuters) – New data from the New York Federal Reserve shows underlying inflation may have slowed…

July 6, 2023July 6, 2023
Why a $1.5 trillion source of corporate financing is choking on higher rates
AsiaBusinessEconomyEuropeUS

Why a $1.5 trillion source of corporate financing is choking on higher rates

By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – A financial stream that helped fund the world’s riskiest companies and…

July 5, 2023July 5, 2023
U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label
AsiaBusinessEconomyEntertainment and LifestyleEuropePoliticsTechnologyUS

U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label

By Foo Yun Chee BRUSSELS (Reuters) -Seven companies including Amazon, Apple, Google, Facebook-owner Meta and Microsoft say they meet the…

July 5, 2023July 5, 2023
US new vehicle sales rise on strong demand, better supply
AsiaBusinessEconomyEuropeTop NewsUS

US new vehicle sales rise on strong demand, better supply

By Pratyush Thakur and Shivansh Tiwary (Reuters) -New vehicle sales in the United States for top global automakers rose in…

July 5, 2023July 5, 2023
Duke Energy to sell distributed generation portfolio in $364 million deal
BusinessEconomyUS

Duke Energy to sell distributed generation portfolio in $364 million deal

(Reuters) – Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity…

July 5, 2023July 5, 2023
Stellantis unveils new platform underpinning move to electric vehicles
BusinessEuropeTechnologyUS

Stellantis unveils new platform underpinning move to electric vehicles

MILAN (Reuters) – Stellantis on Wednesday unveiled its new ‘STLA Medium’ vehicle platform, the first of four new electric-centric bases…

July 5, 2023July 5, 2023
Apple loses London appeal in 4G patent dispute with Optis
BusinessEconomyEuropeTechnologyUKUS

Apple loses London appeal in 4G patent dispute with Optis

LONDON (Reuters) – Apple Inc infringed two telecommunications patents used in devices including iPhones and iPads, London’s Court of Appeal…

July 5, 2023July 5, 2023
Tesla, BYD’s China deliveries hit record high in Q2
AsiaBusinessUS

Tesla, BYD’s China deliveries hit record high in Q2

By Qiaoyi Li and Brenda Goh BEIJING/SHANGHAI (Reuters) -U.S. automaker Tesla and its chief Chinese rival BYD achieved record deliveries…

July 5, 2023July 5, 2023
Beijing jabs in US-China tech fight with chip material export curbs
AsiaBusinessEconomyEuropePoliticsTechnologyUS

Beijing jabs in US-China tech fight with chip material export curbs

By Amy Lv and Brenda Goh BEIJING/SHANGHAI (Reuters) -Companies caught out by China’s decision to restrict exports of two metals…

July 4, 2023July 4, 2023
Oil prices rise 2% as market weighs supply cuts against economic outlook
BusinessEconomyEuropeMiddle EastUKUS

Oil prices rise 2% as market weighs supply cuts against economic outlook

By Natalie Grover LONDON (Reuters) -Oil prices climbed 2% on Tuesday as markets weighed August supply cuts by top exporters…

July 4, 2023July 4, 2023

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