TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it would start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and increase gradually its sales this decade, into an offer to develop its hydrogen activity. Honda will target annual sales of around 2,000 units of … Read more
PARIS, Feb 1 (Reuters) – Airbus (AIR.PA) and Qatar Airways have settled a dispute over grounded A350 planes, the airlines said on Wednesday, avoiding a potentially damaging lawsuit in the UK after an 18-year dispute. month that tore the lid. out of the global jet aircraft market. The “amicable and mutually acceptable settlement” ends a … Read more
Feb 1 (Reuters) – When Hindenburg Research disclosed a short position in Adani Group last week, some U.S. investors said they were intrigued by the actual mechanics of its trading because Indian securities rules make it difficult for foreigners to bet against companies there. Hindenburg’s bet has been lucrative so far. His allegations, which the … Read more
NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship company on Wednesday called off its $2.5 billion share sale in a dramatic reversal as the rout sparked by criticism from a U.S. short seller erased billions more of the value of the Indian tycoon’s shares. The withdrawal of the Adani Enterprises (ADEL.NS) stock offering marks … Read more
WASHINGTON, Feb 1 (Reuters) – The White House on Wednesday unveiled new efforts to reduce credit card late fees and lower prices charged by Apple Inc (AAPL.O) and Google parent company Alphabet Inc ( GOOGL.O) on mobile app stores. . The move is part of a broader policy to promote competition in consumer markets, officials … Read more
Up to 500,000 people expected to join UK strikes Government says steep pay rises will fuel inflation Schools are closed, most trains are not running More strikes involving health workers planned for next week LONDON, Feb 1 (Reuters) – Up to half a million British teachers, civil servants and train drivers walked out on Wednesday … Read more
NEW DELHI, Feb 1 (Reuters) – India’s government on Wednesday unveiled a $550 billion budget for the next fiscal year which starts on April 1, with a record capital spending plan while containing the budget deficit. Prime Minister Narendra Modi’s party, which faces elections in key states this year and a national vote in 2024, … Read more
BENGALURU, Feb 1 (Reuters) – Indian tycoon Gautam Adani lost his title as Asia’s richest person on Wednesday as the rout of his conglomerate’s biggest companies worsened to $84 billion following a a report on short sellers. A Hindenburg Research report last week alleged the group’s misuse of offshore tax havens and stock manipulation, as … Read more
HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net profit of $56 billion for 2022, the company said on Tuesday, bringing in around $6.3 million per hour last year and setting not just a corporate record, but a historical record for the Western oil industry. The oil majors are expected to break their … Read more
WASHINGTON, Jan 31 (Reuters) – Tesla Inc (TSLA.O) disclosed on Tuesday that the U.S. Justice Department has requested documents related to its fully autonomous driving assistance (FSD) and Autopilot systems as regulatory scrutiny is intensifying. The automaker said in a filing that it “has received requests from the DOJ for documents related to Tesla’s Autopilot … Read more