Month: November 2022

Reuters exclusively reported that Tesla is under criminal investigation in the United States over claims the company’s electric vehicles can drive themselves. The U.S. Department of Justice probe, which started last year but was previously undisclosed, focuses on whether Tesla misled consumers, investors, and regulators by making unsupported claims about its driver assistance technology. The […]

Reuters was first to report Russia’s finance ministry has significantly cut expectations of taxable oil production for 2023, according to the draft budget for the next three years, in the expectation that Western sanctions will mean an overall decline in output and refining volumes. The post Reuters reveals Russia’s finance ministry cuts 2023 taxable oil […]

Reuters exclusively reported Italy is attempting to weaken a pledge 10 European governments intend to make to stop export credit support for fossil fuel projects. The pressure from Italy comes as delegates from nearly 200 countries prepare for a United Nations climate change summit next week in Egypt. The post Reuters reveals Italy pushes to […]

Reuters was first to report that Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk unveiled in 2010. The post Reuters reveals Tesla’s Cybertruck to start mass production at the end of 2023 appeared first […]

Reuters exclusively reported Brazilian coffee farmers are defaulting on contracts for a second straight year, failing to deliver on pre-agreed sales and exposing trade houses to losses. The defaults, less widespread than last year, have scrambled the coffee market, leaving traders reluctant to agree to forward sales for next year’s crop or the one after. […]

Reuters exclusively reported Greece plans to raise up to 8 billion euros from debt markets in 2023 by issuing new short-and long-term issues. The country emerged from a decade-long debt crisis in 2018 and since then has relied solely on bond markets to cover its borrowing needs. The post Reuters reveals Greece to borrow up […]

Reuters exclusively revealed that in March, clothing retailer Gap joined numerous Western companies in announcing that it was halting deliveries to Russia to protest its invasion of Ukraine. But Russian customs records reviewed by Reuters show that between March 11 and July 16, Gap’s franchisee in Moscow received 1,585 clothing shipments with a declared value […]

Reuters was first to report that production of Apple’s iPhones could slump by as much as 30% at one of the world’s biggest factories next month due to tightening COVID-19 curbs in China. The post Reuters reveals output of Apple iPhones at major China plant could fall 30% amid COVID curbs appeared first on Reuters […]

Reuters exclusively revealed KKR & Co Inc has raised nearly $6 billion for its second Asia Pacific infrastructure fund at the first close, marking the biggest ever private equity fundraising for the sector in the region. The record commitments to the fund just seven months after its launch underscores investors’ appetite to buy into diversified […]

Reuters exclusively revealed that Mexico is considering direct agreements with farmers in the United States, Argentina, and Brazil to secure non-genetically modified yellow corn imports, citing the country’s deputy agriculture minister, who added that a 2024 ban on genetically modified corn would not be amended. He said Mexico is on track to halve its U.S. […]