Month: August 2022

Reuters exclusively reported Panasonic Energy Co, a major Tesla supplier, is working on new technology to increase battery energy density by a fifth by 2030. As more automakers roll out electric vehicle (EV) models, investors are looking for evidence that Tesla and established battery suppliers like Panasonic can keep their lead in the industry. The […]

Reuters exclusively revealed the Biden administration is discussing possibly lifting its ban on U.S. sales of offensive weapons to Saudi Arabia, but any final decision is expected to hinge on whether Riyadh makes progress toward ending the war in neighboring Yemen. Senior Saudi officials pressed their U.S. counterparts to scrap a policy of selling only […]

Reuters revealed that the nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, threatening a key source of funding for the sanctions-stricken country and its weapons programmes. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a potent hacking threat and leading to […]

Reuters exclusively reported that the Czech Finance Ministry has proposed that state-controlled utility CEZ pay a dividend of 48 crowns per share this year, rather than the 44 crowns proposed by the company’s board. The higher dividend, to be voted on at an annual meeting on June 28, would amount to 25.8 billion crowns rather than […]

Reuters exclusively revealed that world oil demand growth will slow in 2023, as surging crude and fuel prices help drive up inflation and act as a drag on the global economy. Fuel use has rebounded from the 2020 pandemic-induced slump and is set to exceed 2019 levels this year even as prices hit record highs. […]

Reuters revealed that China’s Didi is in talks with state-backed Sinomach Automobile to buy a third of its electric-vehicle unit, signalling the ride-hailer’s regulatory troubles are in the rearview mirror as it focuses on growth. The deal, if completed, would accelerate Didi Global Inc’s strategic expansion in the world’s largest EV market and help cushion […]

Reuters exclusively reported that EIG is in early discussions with Repsol to buy a slice of the Spanish company’s oil and gas exploration and production business. The U.S. fund is seeking to purchase up to 25% of Repsol’s so-called upstream business, in a deal that would give the Spanish group cash for its plans to […]

Reuters exclusively revealed that Russia warned U.S. news organisations earlier this Monday they risked being stripped of their accreditation unless the treatment of Russian journalists in the U.S. improves. Since Russia invaded Ukraine on Feb. 24, some Russian state media have been prevented from operating in the United States and some other Western states by […]