MEXICO CITY (Reuters) – Mexico’s headline inflation likely reached its lowest level in more than two years during the first half of June, but remained above the central bank’s target[...]
Read more
June 19, 2023
Renault names Luca de Meo as new head of Ampere electric vehicle unit
PARIS (Reuters) – French carmaker Renault appointed on Monday its group chief executive Luca de Meo as the future chairman and CEO of Ampere, the electric vehicle division which Renault is aimin[...]
Read more
Intel spends $33 billion in Germany in landmark expansion
By Friederike Heine, Supantha Mukherjee and Andreas Rinke BERLIN/STOCKHOLM (Reuters) -Intel will spend more than 30 billion euros ($33 billion) to develop two chip-making plants in Magdeburg as part o[...]
Read more
Canada investing C$350 million to boost drive for sustainable aerospace industry
OTTAWA (Reuters) – Canada is investing C$350 million ($265 million) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Ch[...]
Read more
Costs at American Lithium’s Peru project up to $700 million, CEO says
By Kylie Madry (Reuters) – Costs of the first phase of construction at American Lithium’s Falchani lithium mine in Peru likely have risen some 20% from an original estimate to $700 million[...]
Read more
US opens safety probe into Hyundai Ioniq 5 EVs over power loss reports
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators are investigating nearly 40,000 Hyundai Ioniq 5 electric vehicles over reports of power loss while driving tied to a battery charg[...]
Read more
RTX awarded $264 million US Navy modification contract to produce AIM-9X missiles
(Reuters) – Raytheon Technologies on Monday said it was awarded a $264 million modification contract from the United States Navy to produce and deliver 571 short-range AIM-9X Sidewinder missiles[...]
Read more
European shares slide, Germany’s DAX retreats from record high
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares fell on Monday, as investors awaited further stimulus measures from China to revive demand and eyed testimony from Federal Reser[...]
Read more
RTX: Pratt & Whitney engines unit to take $500 million free cashflow hit
PARIS (Reuters) – RTX expects to take a $500 million hit to free cash flow due to a supply chain problem with the GTF engine made by its Pratt & Whitney subsidiary, the company said during a[...]
Read more