By Michael Martina WASHINGTON (Reuters) -U.S. utility company Duke Energy said on Wednesday it had disconnected large-scale batteries made by Chinese company CATL from North Carolina Marine Corps base[...]
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December 7, 2023
BAT’s US writedown puts tobacco transition in spotlight
By Emma Rumney LONDON (Reuters) -British American Tobacco’s admission that its U.S. cigarette brands will be worthless within decades has ramped up pressure on the company to prove it can better[...]
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EV maker Nio considers more job cuts after shedding 10% staff – Bloomberg News
(Reuters) – Chinese electric vehicle (EV) maker Nio Inc may undertake further job cuts after the company announced plans to cut 10% of its workforce last month, Bloomberg News reported on Thursd[...]
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Robinhood launches commission-free crypto trading in EU
(Reuters) -Trading app operator Robinhood Markets Inc said on Thursday it has launched commission-free crypto trading to customers in the European Union. “It is the only custodial crypto platfor[...]
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Analysis-Market bets for 2024 thrown into chaos by US recession conundrum
By Naomi Rovnick LONDON (Reuters) – Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will[...]
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Analysis-Global small-cap stocks lure bargain hunters after sluggish 2023
By Samuel Indyk and Lewis Krauskopf LONDON/NEW YORK (Reuters) – Shares of smaller companies that have lagged for most of 2023 are drawing investors on both sides of the Atlantic, as they weigh t[...]
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McDonald’s plots rapid growth with 10,000 new stores, loyalty expansion
By Deborah Mary Sophia (Reuters) -McDonald’s is planning to open about 10,000 restaurants globally by 2027, in what could be the fast-food giant’s fastest period of growth in its history,[...]
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Marketmind: Oil’s slide bolsters rate-cut wagers
A look at the day ahead in European and global markets from Tom Westbrook Oil prices defied worries over war in the Middle East and OPEC+ production cuts with a slump to five-month lows overnight, and[...]
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US military grounds V-22 Osprey aircraft after fatal Japan crash
By Idrees Ali and Tim Kelly WASHINGTON/TOKYO (Reuters) -The U.S. military said on Wednesday it was grounding its fleet of V-22 Osprey aircraft after a crash last week off the coast of Japan that kille[...]
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