(Reuters) – Electric-vehicle startup Faraday Future Intelligent Electric said on Monday it has appointed Xuefeng Chen as global chief executive officer, sending shares up 1.4% in extended tradin[...]
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November 28, 2022
Retailers on track for record Cyber Monday -Adobe Analytics
By Uday Sampath Kumar and Siddharth Cavale (Reuters) -Spending on Cyber Monday, the biggest U.S. online shopping day, may hit a record $11.6 billion according to one preliminary estimate, as discounts[...]
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The yuan’s the new dollar as Russia rides to the redback
By Elena Fabrichnaya and Samuel Shen MOSCOW/SHANGHAI (Reuters) – Chinese entrepreneur Wang Min is delighted about Russia’s embrace of the yuan. His LED lights company can price contracts t[...]
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Investors hope Beijing will lift COVID curbs faster as protests rattle markets
By Karin Strohecker and Dhara Ranasinghe LONDON (Reuters) -Rare protests rippling across China over Beijing’s zero-COVID-19 policy may have unleashed a fresh wave of political uncertainty but co[...]
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Ford recalls 634,000 vehicles worldwide over fire risks
By David Shepardson (Reuters) -Ford Motor Co is recalling 634,000 sport utility vehicles (SUVs) worldwide over fire risks from possible cracked fuel injectors and will urge owners to have their cars i[...]
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China regulator says Tesla recalls more than 80,000 cars
BEIJING (Reuters) -Tesla Inc is recalling more than 80,000 China-made and imported cars produced from as early as 2013, for software and seat belt issues, a statement by the Chinese market regulator r[...]
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Irish privacy regulator fines Facebook 265 million euros
By Padraic Halpin DUBLIN (Reuters) -Ireland’s data privacy regulator imposed a 265 million euro ($277 million) fine on social media giant Facebook on Monday, bringing the total it has fined pare[...]
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Credit Suisse bonds, stock fall as bank turnaround worries investors
(Reuters) -Credit Suisse bonds fell and the cost of insuring its debt against default rose on Monday as the Swiss bank struggled to win over rattled investors following an exodus of client cash and wi[...]
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Fed has ‘a ways to go’ on interest rate hikes, Bullard says
(Reuters) – The Federal Reserve needs to raise interest rates quite a bit further and then hold them there throughout next year and into 2024 to gain control of inflation and bring it back down[...]
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