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Netflix names Microsoft as partner for ad-supported subscription plan
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Biden savors Israel ‘homecoming’ as high-wire Saudi leg looms
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Turkey reports deal to restore Ukrainian grain exports, UN says more work needed
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Scorching heatwave sparks wildfires in Europe
EV disruptors hit industry speed bumps that have plagued legacy automakers for years
Date: July 13, 2022
By Joseph White and Ben Klayman DETROIT (Reuters) – Electric vehicle startups that promised to disrupt the automotive industry by using a software- and technology-heavy approach are now scrambling to cut costs amid the type of industry slowdown that has bedeviled Detroit automakers over the years. To remain a player in an increasingly competitive business...
UK rail workers announce July 27 strike in pay row
Date: July 13, 2022
LONDON (Reuters) – British rail workers and station staff will strike this month in disputes over pay and conditions, two unions said, announcing the latest in a growing catalogue of industrial unrest as workers demand wage rises to cope with soaring inflation. The 24-hour walkout by members of the RMT and TSSA will take place...
U.S. annual consumer inflation posts largest increase since 1981
Date: July 13, 2022
By Lucia Mutikani WASHINGTON (Reuters) – U.S. annual consumer prices jumped 9.1% in June, the largest increase in more than four decades, leaving Americans to dig deeper to pay for gasoline, food, healthcare and rents, and the Federal Reserve most certain to hike interest rates by another 75 basis points at the end of the...
Explainer-Can Elon Musk defy a court if ordered to buy Twitter?
Date: July 13, 2022
By Tom Hals WILMINGTON, Del. (Reuters) – Twitter Inc has sued Elon Musk to force him to go through with the $44 billion acquisition of the social media company. What happens if Twitter succeeds and the world’s richest man, who regularly taunts securities regulators, refuses to comply with the court order? CAN A COURT ORDER...
Venezuelan gold legal battle resumes in London
Date: July 13, 2022
By Kirstin Ridley and Marc Jones LONDON (Reuters) – A long-running legal battle between Venezuelan President Nicolas Maduro and opposition leader Juan Guaido over who should hold the key to more than $1.5 billion of gold stored at the Bank of England resumed at the London High Court on Wednesday. The UK Supreme Court ruled...
Biden greeted as old friend in Israel at start of Middle East tour
Date: July 13, 2022
By Steve Holland TEL AVIV (Reuters) -U.S. President Joe Biden arrived on Wednesday in Israel, which embraced him as an old friend on the first leg of a high-stakes trip dominated by efforts to bring it closer to Saudi Arabia and to persuade Washington’s Gulf allies to pump more oil. Landing at Ben Gurion Airport,...