US requests Tesla driver-assist documents; company raises capex forecast

US requests Tesla driver-assist documents;  company raises capex forecast

WASHINGTON, Jan. 31 (Reuters) – Tesla Inc (TSLA.O) announced on Tuesday that it had received requests from the US Department of Justice for documents related to its Full Self-Driving and Autopilot driver assistance systems as regulations tighten. Reuters reported in October that Tesla is under criminal investigation over claims that the company’s electric vehicles could … Read more

The Norwegian wealth fund posts a record loss of $164 billion

The Norwegian wealth fund posts a record loss of 4 billion

The loss in 2022 surpasses the previous record set in 2008 Inflation and geopolitical tensions remain risk factors Record inflow of money from the oil and gas industry OSLO, Jan. 31 (Reuters) – The Norwegian wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion kroner ($164.4 billion) for 2022, … Read more

Turkey’s advance in Iraq brings with it a deeper conflict

Turkey’s advance in Iraq brings with it a deeper conflict

SARARO, Iraq, Jan. 31. (Reuters) – Three Turkish military outposts, towering over the abandoned village of Sararo in northern Iraq, pierce the skyline, part of a raid that forced residents to flee after days of shelling last year. The outposts are just a few of dozens of new military bases Turkey has established on Iraqi … Read more

Scholz’s bid to rally Ukraine’s support in South America fails

Scholz’s bid to rally Ukraine’s support in South America fails

SANTIAGO/BRASILIA, Jan. 30 (Reuters) – German Chancellor Olaf Scholz’s bid this week to rally support for Ukraine in the face of the Russian invasion on his first South American tour fell through, with Brazilian President Luiz Inacio Lula da Silva reiterated his view of both sides shared guilt. Scholz has attempted to project unity in … Read more

Adani’s crucial share sale 85% subscribed as institutions pumped funds

Adani’s crucial share sale 85% subscribed as institutions pumped funds

MUMBAI, Jan. 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale moved closer to full subscription on Tuesday as investors pumped in cash after a tumultuous week for his group in which the shares were ravaged by a destructive short-seller -report. The secondary share sale of flagship Adani Enterprises (ADEL.NS) was 85% underwritten … Read more

Western allies disagree on jets for Ukraine as Russia claims gains

Western allies disagree on jets for Ukraine as Russia claims gains

Biden says ‘no’ when asked about F-16s for Ukraine Zelensky says Moscow is seeking “big revenge.” Russian administrator claims foothold in Vuhledar Kiev could recapture ground if western weapons arrive – group KYIV, Jan. 31 (Reuters) – Ukraine’s defense minister will meet President Emmanuel Macron in Paris on Tuesday amid a debate among Kyiv’s allies … Read more

Exclusive: Bed Bath & Beyond is preparing to file for bankruptcy as early as this week

Exclusive: Bed Bath & Beyond is preparing to file for bankruptcy as early as this week

NEW YORK, Jan. 30 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) is gearing up to seek bankruptcy protection as early as this week and has liquidators lined up to close additional stores unless a last-minute buyer appears, four people familiar with the matter said Monday. The timing of an eventual bankruptcy filing was in … Read more

In a diplomatic coup, the Taiwanese president addresses the elected Czech president

In a diplomatic coup, the Taiwanese president addresses the elected Czech president

Pavel won the Czech presidential election on Saturday Pavel, the Taiwanese Tsai emphasize their shared values ​​in conversation China opposes other countries doing business with Taiwan Beijing considers Taiwan a renegade province TAIPEI/PRAGUE, Jan. 30 (Reuters) – Taiwanese President Tsai Ing-wen held a phone call with Czech President-elect Petr Pavel on Monday, a highly unusual … Read more

Ford is lowering the prices of the Mustang Mach-E, following Tesla

Ford is lowering the prices of the Mustang Mach-E, following Tesla

Jan 30 (Reuters) – Ford Motor Co (FN) slashed prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle on Monday, weeks after global rival Tesla Inc (TSLA.O) lowered prices of its electric vehicles reduced by as much as 20%. Ford shares fell 1.5% at the start of trading. Tesla … Read more

US court rejects J&J bankruptcy strategy for tens of thousands of talk cases

US court rejects J&J bankruptcy strategy for tens of thousands of talk cases

30 Jan. (Reuters) – A US appeals court has overruled Johnson & Johnson’s (JNJ.N) attempt to bankrupt tens of thousands of lawsuits over its talc products, ruling that the healthcare conglomerate improperly filed a subsidiary in Chapter 11. even though it did not get into financial trouble. The decision of the U.S. 3rd Circuit Court … Read more