(Reuters) – Tesla Inc Chief Executive Elon Musk promises to unveil a third part of his Master Plan on March 1, in which he has set out bold goals for growth of the electric-car maker. PART I (2006) – THE SECRET TESLA MOTORS MASTER PLAN (JUST BETWEEN YOU AND ME): BUILD SPORTS CAR AND AFFORDABLE …
Factbox-Tesla CEO Musk signals Part 3 of Master Plan is ready Read More »
By Blake Brittain (Reuters) – The U.S. government should face a patent lawsuit over COVID-19 vaccines, not vaccine maker Moderna Inc, the Department of Justice told a Delaware federal court on Tuesday. The Justice Department’s court filing said the United States should be liable for any infringement of Arbutus Biopharma Corp and Genevant Sciences GmbH’s …
U.S. backs Moderna, says government should face COVID-19 vaccine lawsuit Read More »
MEXICO CITY (Reuters) – Steelmaker Ternium is considering building a new $2.2 billion steel production plant near its current Pesqueria site in northern Mexico, the company’s chief executive said Wednesday, though a final decision has not yet been made. “We will disclose the location pretty soon,” Chief Executive Maximo Vedoya said in a call with …
Ternium CEO says could build new $2 billion steel plant in northern Mexico Read More »
By Ilona Wissenbach and Hakan Ersen FRANKFURT (Reuters) -An IT failure at Lufthansa stranded thousands of passengers and forced flights to Germany’s busiest airport to be cancelled or diverted on Wednesday, with the airline blaming botched railway engineering works that damaged broadband cables. More than 200 flights were cancelled in Frankfurt, a vital international transit …
Lufthansa IT meltdown strands thousands of passengers Read More »
By Shreyashi Sanyal and Amruta Khandekar (Reuters) – European shares ended higher on Wednesday, as gains in luxury firms pushed France’s blue-chip index close to its record high level, offseting concerns that strong U.S. data would pave the way for further monetary tightening by the Federal Reserve. The pan-European STOXX 600 index closed 0.4% higher, …
France’s blue-chip index powers gains in European shares Read More »
By Aishwarya Nair, Paul Lienert and Joseph White (Reuters) -Ford Motor Co has identified measures to secure 8% margins on its next-generation electric vehicles due at mid-decade, but could take years to close an overall cost disadvantage of up to $8 billion against competitors, executives said on Wednesday. Ford can save up to $2.5 billion …
Ford fights $8 billion cost deficit, aims to secure 8% EV margins Read More »
By Andy Bruce and William Schomberg LONDON (Reuters) – British inflation fell by more than expected in January and there were signs of cooling price pressure in parts of the economy watched closely by the Bank of England, adding to signs that further hefty interest rate hikes are unlikely. Annual consumer price inflation (CPI) cooled …
Slowdown in UK inflation eases pressure on Bank of England Read More »
15 feb (Reuters) – La mayoría de las empresas peruanas evaluadas por Fitch Ratings no encara un riesgo inmediato de refinanciamiento, aunque ciertas compañías con perfiles más débiles podrían tener problemas para accceder a capital y cumplir con pagos de deuda en el corto plazo, dijo el miércoles la agencia crediticia. Solo un 20% de …
Fitch considera adecuada liquidez de empresas peruanas, preocupa la crisis política Read More »
BARCELONA (Reuters) – Spanish pharmaceutical firm Grifols plans to lay off around 2,300 employees, or 8.5% of its global workforce, amid a strategy overhaul aimed at reaching annual savings of around 400 million euros ($427 million), it said on Wednesday. The company, which uses blood plasma to make medicines, said in a statement it would …
Grifols to lay off 8.5% of workforce under $427 million savings plan Read More »
By Sourasis Bose (Reuters) – Fertilizer companies Nutrien Ltd, Mosaic Co and CF Industries are expected to take a sales hit in the fourth quarter as farmers cut back on purchases to offset high energy costs. “The inventory levels are low and they need to be restocked, yet the buying patterns are still very, very …
Fertilizer makers in for another slow quarter as demand wilts Read More »
