DETROIT (Reuters) – Insurers and industry experts say electric vehicle insurance premiums will keep rising as sales grow unless the car companies make it easier to access battery data and repair[...]
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March 20, 2023
Scratched EV battery? Your insurer may have to junk the whole car
By Nick Carey, Paul Lienert and Sarah McFarlane LONDON/DETROIT (Reuters) -For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing i[...]
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Did SVB break the Fed? Officials mull risks of more rate increases
By Howard Schneider WASHINGTON (Reuters) – At an early January meeting of the Virginia Bankers Association, executives were already nervous that Federal Reserve interest rate increases were maki[...]
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Gold flirts with record highs after topping $2,000 an ounce
By Peter Hobson LONDON (Reuters) – Gold traded at record highs in some currencies on Monday and neared all-time peaks in U.S. dollar terms after banking sector turmoil sent prices of the safe ha[...]
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Singapore to tighten shoe recycling controls after Reuters report
SINGAPORE (Reuters) – A Singapore shoe recycling project will be subject to surprise inspections following a Reuters investigation that found footwear it donated to the scheme was not recycled,[...]
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Pinduoduo owner’s revenue falls short on weak China consumer spending
By Chavi Mehta and Casey Hall (Reuters) -PDD Holdings Inc, which owns discount e-commerce platforms Pinduoduo and Temu, missed expectations on Monday for fourth-quarter revenue as China’s post-r[...]
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Indonesia sets aside $455 million to subsidise electric motorcycle sales
JAKARTA (Reuters) – Indonesia will allocate 7 trillion rupiah ($455.88 million) in state funds to subsidise electric motorcycle sales through 2024, officials said on Monday, as it pushes mass ad[...]
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Switzerland puts up 260 billion francs for Credit Suisse rescue
By John Revill ZURICH (Reuters) -Credit Suisse and UBS could benefit from more than 260 billion Swiss francs ($280 billion) in state and central bank support, a third of the country’s gross dome[...]
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Analysis-UBS swallows doomed Credit Suisse, casting shadow over Switzerland
By John O’Donnell and Stefania Spezzati LONDON (Reuters) -UBS Group has emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky be[...]
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