By Hyunjoo Jin and Christoph Steitz (Reuters) -Tesla has slashed prices of its Model Y cars across Europe including in Germany, a week after the company cut prices in China in the face of uncertain el[...]
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January 17, 2024
Verizon to Take $5.8 Billion Hit in Fourth Quarter from Unit Write Down
(Reuters) -U.S. telecom company Verizon said on Wednesday it will take a $5.8 billion write-down in the fourth quarter, as it cut the value of its declining wireline business. The company cut its fina[...]
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Canada challenges US decision to maintain duties on softwood lumber – Ottawa
OTTAWA, Jan 17 (Reuters) – Canada is challenging the U.S. decision late last year to maintain duties on exports of Canadian softwood lumber, Trade Minister Mary Ng said in a statement on Wednesd[...]
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US manufacturing output ekes out small gain in December
WASHINGTON (Reuters) – Production at U.S. factories barely rose in December as increases in motor vehicle output were partially blunted by declines in machinery as well as electrical equipment,[...]
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UK antitrust body wins appeal over BMW and VW information request
LONDON (Reuters) -Britain’s antitrust regulator can demand information from companies based outside the United Kingdom, the Court of Appeal in London ruled on Wednesday in a case arising from an[...]
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Hapag-Lloyd, Maersk join forces in deal covering 3.4 million containers
By Vera Eckert FRANKFURT (Reuters) -Hapag-Lloyd and Maersk have signed an agreement for a new long-term collaboration as they strive to transport a combined 3.4 million containers (TEU) via 290 vessel[...]
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Exclusive-Orange and MasMovil’s Spanish deal set for EU antitrust nod, sources say
By Foo Yun Chee BRUSSELS (Reuters) – French telecoms group Orange and Spanish rival MasMovil are set to gain conditional EU antitrust approval for their Spanish tie-up, two people with direct kn[...]
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In first look at 2025, OPEC expects robust oil demand growth
By Alex Lawler LONDON (Reuters) -OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and said 2025 will see a robust increase in oil use, led by China and[...]
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Wall Street’s ‘fear gauge’ hits two-month high as stocks slide
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A decline in U.S. stocks sent Wall Street’s “fear gauge” to a two-month high on Wednesday, as investors tempered rate cut expectations[...]
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