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Auto lobby urges Spain’s next government to commit to decarbonisation
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Tesla begins sale of cheaper Model Y vehicle in South Korea
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Signs ‘crypto winter’ ending as regulatory fog begins to lift
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Italy’s luxury groups set aside rivalries to keep it local
Euro zone ministers agree on gradual wind-down of spending
Date: July 14, 2023
Euro zone ministers agree on gradual wind-down of spending BRUSSELS (Reuters) – Euro zone finance ministers agreed on Thursday that the single currency area needed a “determined, gradual and realistic” reduction of government spending to boost economic growth and prepare for future challenges. In a statement agreed at the Eurogroup meeting in Brussels, the ministers...
Ericsson’s quarterly operating profit declines, beats expectations
Date: July 14, 2023
Ericsson’s quarterly operating profit declines, beats expectations By Martin Coulter LONDON (Reuters) – Sweden’s Ericsson reported a 62% fall in second-quarter adjusted operating profit on Friday, slightly beating market expectations. The Swedish telecom equipment maker’s operating profits, excluding restructuring charges, fell to 2.8 billion Swedish crowns ($271 million), compared with 7.4 billion the previous year....
Exclusive-Canada unfreezes talks with Turkey on export controls after NATO move-source
Date: July 14, 2023
Exclusive-Canada unfreezes talks with Turkey on export controls after NATO move-source By Jonathan Spicer and Huseyin Hayatsever ANKARA (Reuters) -Canada has unfrozen talks with Turkey on lifting export controls on drone parts after Ankara gave its nod for Sweden to join NATO, a person familiar with the talks said, a move seen as one of...
IMF sees ‘pockets of resilience,’ slowing momentum in global economy
Date: July 13, 2023
IMF sees ‘pockets of resilience,’ slowing momentum in global economy By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts, but data since then has shown a mixed picture, with “pockets of resilience” alongside signs of slowing momentum. The IMF...
Bosch ups investment in hydrogen, begins fuel-cell power module production
Date: July 13, 2023
Bosch ups investment in hydrogen, begins fuel-cell power module production BERLIN (Reuters) – German auto supplier Bosch will invest almost 2.5 billion euros ($2.8 billion) in hydrogen fuel cell technology from 2021 to 2026 and expects to generate roughly 5 billion in sales from it by 2030, the company said on Thursday. The planned investment...
Elon Musk thinks China is interested in an international AI framework
Date: July 13, 2023
Elon Musk thinks China is interested in an international AI framework By Kanishka Singh and Anna Tong WASHINGTON (Reuters) -Billionaire Elon Musk said on Wednesday he thinks China is interested in a cooperative international framework on artificial intelligence, from conversations he had when he visited a few weeks ago. Musk made the remarks in a...