TOKYO – Japan’s factory activity expanded in May for the first time in seven months thanks to increases in output and new orders and buoyed by a positive outlook for the year ahead, a priv[...]
Read more
June 1, 2023
Tesla doubles discounts on Model 3 cars in US inventory
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc has doubled discounts on some already made new Model 3 electric cars and offered discounts on the Model Y and others in its U.S. inventory to e[...]
Read more
Chinese tech entrepreneurs keen to ‘de-China’ as tensions with US soar
By David Kirton SHENZHEN, China (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder. Before 2019, there were few major impediments to havin[...]
Read more
US passenger railroad Amtrak CEO to testify before House panel
By David Shepardson WASHINGTON (Reuters) – U.S. passenger railroad Amtrak CEO Stephen Gardner will testify on June 6 before a U.S. House Transportation and Infrastructure railroads subcommittee,[...]
Read more
Walmart has not made changes to LGBTQ-themed merchandise
By Siddharth Cavale BENTONVILLE, Arkansas (Reuters) – Walmart on Wednesday said it has not made any changes to its LGBTQ-related merchandise tied to Pride Month, or to security measures in place[...]
Read more
Aussie housing dip over, prices to rebound into next year on rate view- Reuters poll
By Vivek Mishra BENGALURU (Reuters) – Australia’s housing market outlook has improved significantly, with home prices expected to on average stagnate this year compared to the near double-[...]
Read more
Analysis-Struggling China local governments find a fundraising loophole, lifeline in “pearl bonds”
SHANGHAI/HONG KONG (Reuters) – China’s cash-strapped local governments have suddenly rushed to an unusual corner of the debt market in Shanghai where ambiguous rules offer ways to skirt re[...]
Read more
US extends by another year temporary suspension of tariffs on Ukrainian steel
By Kanishka Singh WASHINGTON (Reuters) – The United States will extend by another year the temporary suspension of tariffs on Ukrainian steel, the Commerce Department said on Wednesday, citing t[...]
Read more