By Jamie Freed and Kannaki Deka (Reuters) -The U.S. Air Force plans to buy 26 Boeing Co E-7A airborne early warning and control (AEW&C) planes to replace its ageing fleet of E-3s, the Department o[...]
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March 1, 2023
Virgin Galactic finishes lengthy spacecraft upgrades, plans Q2 commercial service
By Joey Roulette WASHINGTON (Reuters) -Virgin Galactic Holdings Inc has completed a lengthy upgrade period for its centerpiece tourist spacecraft, with commercial service on track to begin in the seco[...]
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Electric vehicle maker Tesla to open office in Malaysia
KUALA LUMPUR (Reuters) – Malaysia on Wednesday said electric vehicle (EV) maker Tesla Inc will open an office in the Southeast Asian country and establish a network of charging stations for its[...]
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Hedge funds unimpressed by Chinese internet giants’ peppy earnings
By Summer Zhen HONG KONG (Reuters) – A set of bumper earnings reports from the likes of Baidu Inc and other Chinese internet giants isn’t impressing hedge funds and other investors who hav[...]
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GM cutting hundreds of jobs to reduce costs
By David Shepardson (Reuters) -General Motors Co is cutting hundreds of executive-level and salaried jobs as it looks to cut costs and streamline operations, a person briefed on the matter told Reuter[...]
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U.S. businesses in China are more pessimistic about prospects -survey
By Casey Hall SHANGHAI (Reuters) – U.S. businesses operating in China are increasingly pessimistic about their prospects in the world’s second-largest economy, according to a survey releas[...]
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HSBC raises $2 billion in additional Tier 1 bond
(Reuters) -HSBC Holdings said on Wednesday it raised $2 billion from a convertible security issue, beating its own target on strong demand for the perpetual additional Tier 1 bond. In a filing to the[...]
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Biden says ‘I’m gonna raise some taxes’ in March budget proposal
By Steve Holland and Trevor Hunnicutt VIRGINIA BEACH, Virginia (Reuters) – President Joe Biden said on Tuesday that his March 9 budget proposal to the U.S. Congress will include some higher taxe[...]
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DHL to boost Mexican investment after cargo flights move
By Kylie Madry SANTA LUCIA, Mexico (Reuters) – Logistics giant DHL will double its planned investment in Mexico through 2024, executives said on Tuesday, as it shifts cargo flights from the capi[...]
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