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Asian stocks rally as bank jitters calm, Alibaba lifts mood
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Ride-hailing app Cabify raises $110 million for expansion in LatAm, Spain
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UK broadcasters to stay prominent on smart TVs and speakers
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Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?
EU approves law to end sales of new CO2-emitting cars by 2035
Date: March 28, 2023
BRUSSELS (Reuters) – European Union countries’ energy ministers gave final approval on Tuesday to a law ending sales of new CO2-emitting cars in the EU in 2035, after Germany won an exemption for cars running on e-fuels. The law will now enter into force. It will require all new cars sold to have zero CO2...
Home battery sales in Germany may surge 59% this year -study
Date: March 28, 2023
FRANKFURT (Reuters) – German sales of batteries to store solar energy at home may jump 59% this year as more residents seek a cheaper, renewable and more reliable power supply, industry association BVES said on Tuesday. “We expect to be cracking the 1-million-unit level in 2023,” said BVES, presenting an industry-commissioned study undertaken by advisory...
UK’s Bellway to buy back shares, hike social housing output
Date: March 28, 2023
By Aby Jose Koilparambil (Reuters) -UK’s Bellway will build a bigger share of homes in its social housing programme this fiscal year, its chief said on Tuesday, after the housebuilder announced a 100 million pound ($123.1 million) share buyback despite a fall in interim profit. A recent uptick in buyer sentiment has not entirely allayed...
Stocks rise after bank sale fuels investor risk appetite
Date: March 28, 2023
By Amanda Cooper LONDON (Reuters) -Global stocks rose and the dollar eased on Tuesday, after a deal backed by the U.S. regulator for First Citizens BancShares to buy up Silicon Valley Bank soothed some of the recent concern about the health of the banking sector. U.S. banking regulators said on Monday they planned to tell...
Euro 7 emissions proposals, the sequel Europe’s carmakers don’t want to see
Date: March 28, 2023
By Christina Amann and Marie Mannes BERLIN/STOCKHOLM (Reuters) – European carmakers are fighting back against proposed emission regulations they argue are too costly, rushed and unnecessary, but which the European Commission says are needed to cut harmful emissions and prevent a repeat of the Dieselgate scandal. European Union countries and lawmakers will negotiate “Euro 7”...
Nvidia shows new research on using AI to improve chip designs
Date: March 28, 2023
By Stephen Nellis (Reuters) – Nvidia Corp, the world’s leading designer of computer chips used in creating artificial intelligence, on Monday showed new research that explains how AI can be used to improve chip design. The process of designing a chip involves deciding where to place tens of billions of tiny on-off switches called transistors...