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Uber, DoorDash sue New York City over minimum wage law

BY Reuters  • July 7, 2023July 7, 2023
By Daniel Wiessner (Reuters) -Uber Technologies Inc, DoorDash Inc and other app-based food delivery companies filed lawsuits on Thursday seeking to strike down New York City’s novel law setting[...]
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Business Economy Politics Technology Updated US

Broadcom to invest in a $1 billion EU-funded chip programme in Spain

BY Reuters  • July 7, 2023July 7, 2023
MADRID (Reuters) – U.S. chipmaker Broadcom will invest in a European Union-funded programme to develop a semiconductor industry in Spain, Chief Executive Charlie Kawwas said late on Thursday.[...]
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Business Economy Europe Politics Updated US

Where are germanium and gallium produced, what are they used for?

BY Reuters  • July 7, 2023July 7, 2023
(This July 4 story has been refiled to specify data on gallium is for primary gallium only in paragraph 12 and add Canadian gallium producer in paragraph 8) (Reuters) – China said on Monday it w[...]
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Asia Business Economy Europe Politics Updated US

Yellen seeks to calm a fraught but close-knit US-China trade relationship

BY Reuters  • July 7, 2023July 7, 2023
By David Lawder and Joe Cash WASHINGTON/BEIJING (Reuters) – As U.S. Treasury Secretary Janet Yellen tries to steady an increasingly tense relationship with China, the world’s two largest e[...]
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Asia Business Economy Politics Top News US

VW ready to deal with China metal curbs; chipmakers play down fallout

BY Reuters  • July 7, 2023July 7, 2023
By Ben Blanchard and Jan Schwartz TAIPEI (Reuters) -Volkswagen is monitoring metals markets after China imposed export restrictions on two minor metals used in semiconductors and electric vehicles, it[...]
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Asia Business Economy Europe Politics Technology Top News Updated US

Canada agrees up to C$15 billion in incentives for Stellantis-LGES battery plant

BY Reuters  • July 7, 2023July 7, 2023
By Ismail Shakil OTTAWA (Reuters) -Canada will provide up to C$15 billion ($11.23 billion) in production incentives for a Stellantis-LG Energy Solution (LGES) electric vehicle battery plant, the feder[...]
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Asia Business Canada Economy Europe Politics Technology Updated

US state attorneys general clash over EPA emissions plan

BY Reuters  • July 6, 2023July 6, 2023
By David Shepardson WASHINGTON (Reuters) -A group of 25 Republican state attorneys general on Thursday urged President Joe Biden’s administration to abandon plans to sharply cut vehicle tailpipe[...]
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Business Politics Top News Updated

Fed lending to banks eases a bit in latest week

BY Reuters  • July 6, 2023July 6, 2023
NEW YORK (Reuters) – Federal Reserve lending to banks ebbed in the latest week, central bank data released Thursday said. Lending via the central bank’s discount window stood at $3.4 billion on[...]
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Business Economy Politics US

Venezuela to regulate private shipments of food and medicine, sources say

BY Reuters  • July 6, 2023July 6, 2023
By Mayela Armas and Vivian Sequera CARACAS (Reuters) – Venezuela is planning to introduce new regulations on courier shipments of food, medicine and other products in an effort to raise more tax[...]
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