PARIS (Reuters) -Saudi Aramco is set to take a 10% stake in a thermal engine joint venture between Renault and China’s Geely called Horse Powertrain, said two sources familiar with the matter, b[...]
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June 27, 2024
Analysis-US Supreme Court Purdue ruling makes mass litigation tougher to resolve in bankruptcy
By Dietrich Knauth NEW YORK (Reuters) -Bankruptcy may become a less attractive way to resolve sprawling lawsuits after a U.S. Supreme Court ruling scuttled OxyContin maker Purdue Pharma’s Chapte[...]
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Walmart Canada adds Nikola’s hydrogen fuel cell-powered electric semi-truck to fleet
(Reuters) – Nikola said it has delivered a hydrogen fuel cell powered electric semi-truck to Walmart Canada, making it the first major retailer in the country to add it to its fleet. Reuters rep[...]
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US dollar eases after soft economic data; yen inches higher
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar drifted lower against most currencies on Thursday, pressured by softening data in the world’s largest economy that backs expectati[...]
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US Supreme Court blocks Purdue Pharma bankruptcy settlement
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday blocked OxyContin maker Purdue Pharma’s bankruptcy settlement that would have shielded its wealthy Sackler family owners f[...]
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Meta must face lawsuit claiming it prefers foreign workers over US citizens
By Daniel Wiessner (Reuters) -A U.S. appeals court on Thursday revived a software engineer’s proposed class action claiming Meta Platforms refused to hire him because it preferred to give jobs t[...]
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Tata Steel warns UK furnace shutdown may start earlier than planned
LONDON (Reuters) -Tata Steel could take steps to pause or stop some blast furnace operations earlier than planned at its plant in Port Talbot, Wales, while it challenges the legal basis for a strike o[...]
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Brazil creates fewer formal jobs than expected in May
BRASILIA (Reuters) – Brazil’s economy created a net 131,811 formal jobs in May, Labor Ministry data released on Thursday showed, falling short of the 200,000 forecast in a Reuters poll of[...]
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Oil settles $1 up, war risk premium outweighs ample US stocks
By Georgina McCartney HOUSTON (Reuters) -Oil futures settled higher on Thursday on worries about global crude supply disruptions as geopolitical pressure in the Middle East and Europe mounted, while a[...]
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