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Tesla expands discounts with price cuts in Europe, Singapore, Israel
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Analysis-No China, no deal: Bid to break sovereign debt logjams gets weary thumbs up
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US Senate leader Schumer calls for AI rules as ChatGPT surges in popularity
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Spain offers to pay companies testing a 4-day work week
Bank of England fines former TSB executive over 2018 IT failure
Date: April 13, 2023
Bank of England fines former TSB executive over 2018 IT failure LONDON (Reuters) -The Bank of England said on Thursday it had fined TSB Bank’s former chief information officer Carlos Abarca 81,620 pounds ($102,115) for failing to adequately manage an IT migration in 2018 which led to disruption for millions of customers. The sanction is...
Stocks and gold cheer U.S. inflation picture, while dollar slides
Date: April 13, 2023
Stocks and gold cheer U.S. inflation picture, while dollar slides By Amanda Cooper LONDON (Reuters) -Global shares rose on Thursday, while the dollar held near two-month lows after U.S. inflation data suggested the Federal Reserve may soon be finished raising interest rates, which in turn kept gold above $2,000 an ounce. The euro hit a...
India opens new investigation into BBC in widening crackdown
Date: April 13, 2023
India opens new investigation into BBC in widening crackdown By Aftab Ahmed NEW DELHI (Reuters) -India’s financial crime-fighting agency has opened an investigation into alleged violations of foreign exchange rules by the BBC, a source told Reuters on Thursday, months after tax officials searched the broadcaster’s Mumbai and Delhi offices. The tax raids in February...
Schneider and GreenYellow target smaller businesses with energy saving technology
Date: April 13, 2023
Schneider and GreenYellow target smaller businesses with energy saving technology By America Hernandez PARIS (Reuters) – Schneider Electric and solar startup GreenYellow will target small- and medium-sized European companies hurting from high electricity prices with previously out-of-reach energy saving technology, the firms said on Thursday. While large energy-intensive businesses have long invested in demand management...
Lack of electric vans opens door for Chinese, other EV makers
Date: April 13, 2023
Lack of electric vans opens door for Chinese, other EV makers By Nick Carey LONDON (Reuters) – Legacy automakers got off to a late start with their commercial electric vans, opening the door for other electric commercial vehicle (ECV) makers to gain a foothold, as the Maxus brand from China’s SAIC Motor Corp has done...
Sovereign debtors, creditors agree on steps to jumpstart debt restructurings
Date: April 13, 2023
Sovereign debtors, creditors agree on steps to jumpstart debt restructurings By Andrea Shalal WASHINGTON (Reuters) – Global creditors, debtor nations and international financial institutions on Wednesday agreed ways to jumpstart and streamline long-stalled debt restructuring efforts, including through improved data sharing and clearer timetables. The World Bank, International Monetary Fund and India, current president of...