By David Shepardson WASHINGTON (Reuters) – The White House wants federal agencies to “aggressively” execute a shift to more in-person work starting next month, saying it is crucial t[...]
Read more
August 5, 2023
EV maker Lucid slashes prices of Air sedan as part of offer amid heating competition
By Abhirup Roy SAN FRANCISCO (Reuters) – Electric vehicle maker Lucid cut prices of its Air luxury sedans by as much as $12,400 as part of an offer, it said on Saturday, amid rising competition[...]
Read more
World Bank to help fund 1,000 mini solar power grids in Nigeria
ABUJA (Reuters) – The World Bank is aiming to help fund construction of 1,000 mini solar power grids in Africa’s biggest economy Nigeria in partnership with the government and private sect[...]
Read more
Berkshire posts record operating profit as rising rates boost Buffett’s returns
By Jonathan Stempel (Reuters) – Berkshire Hathaway on Saturday posted its highest ever quarterly operating profit, while gains from stock holdings helped the conglomerate led by billionaire Warr[...]
Read more
Fed’s Bowman says more US rate hikes likely will be needed
(Reuters) – The U.S. Federal Reserve will likely need to raise interest rates further to bring down inflation, Governor Michelle Bowman said on Saturday. Bowman said she supported the Fed’[...]
Read more
Canada govt body guarantees up to $2.2 billion fresh loan to Trans Mountain expansion project
(Reuters) – A Canadian government agency has guaranteed fresh commercial loans of up to C$3 billion ($2.2 billion) to the controversial Trans Mountain pipeline expansion project that has suffere[...]
Read more
US FDA approves Biogen-Sage Therapeutics pill for postpartum depression
(Reuters) -The U.S. Food and Drug Administration (FDA) on Friday approved Biogen and Sage Therapeutics’ oral pill to treat postpartum depression (PPD) in adults. The companies had sought the FDA[...]
Read more
Western Canada dock workers vote to accept contract offer
(Reuters) -Dock workers in western Canada voted to accept an improved labor contract after a month-long dispute that affected trade and disrupted operations at the country’s busiest ports, their[...]
Read more
Foxconn’s July sales drop 1.23% y/y, Q3 outlook better
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and a major supplier for Apple, said on Saturday revenue in July fell 1.23% year-on-year but forec[...]
Read more