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

China’s 2022 smartphone shipments the lowest in 10 years, research firm says

China’s 2022 smartphone shipments the lowest in 10 years, research firm says

SHANGHAI, Jan. 29 (Reuters) – China’s smartphone sales fell 13% year on year in 2022, the industry’s biggest decline in a decade, as consumers spend cautiously, market research firm IDC said on Sunday. The total number of devices shipped was 286 million, up from 329 million in 2022. That meant total sales volume in 2022 … Read more

Kremlin: Putin is open to ‘contacts’ with the German Scholz, reports RIA

Kremlin: Putin is open to ‘contacts’ with the German Scholz, reports RIA

Jan 29 (Reuters) – Russian President Vladimir Putin is open to contacts with German Chancellor Olaf Scholz, but has not scheduled a phone call with him, a Kremlin spokesman told state news agency RIA Novosti on Sunday. Germany, formerly the West’s main weapon in supplying Ukraine with modern main battle tanks to help it repel … Read more

Iran thwarts drone attack on military site

Iran thwarts drone attack on military site

DUBAI, Jan. 29 (Reuters) – A loud explosion at a military factory in Iran’s central city of Isfahan was caused by a “failed” drone strike, Iranian state media reported on Sunday, citing the defense ministry. “One of (the drones) was hit by the…air defenses and the other two were caught in defensive traps and exploded. … Read more

FTX founder Bankman-Fried objects to tougher bail, says prosecutors have him ‘sandbagged’

FTX founder Bankman-Fried objects to tougher bail, says prosecutors have him ‘sandbagged’

NEW YORK, Jan. 28 (Reuters) – Lawyers for Sam Bankman-Fried on Saturday urged a US judge not to bar the indicted FTX cryptocurrency manager from communicating with former colleagues as part of his bail, saying that prosecutors have “sandbagged” the trial to show their client in the “worst possible light.” The lawyers were responding to … Read more

Film academy reviews Oscar campaigns after surprise nomination

Film academy reviews Oscar campaigns after surprise nomination

LOS ANGELES, Jan. 27 (Reuters) – Hollywood’s film academy said on Friday they were reviewing this year’s campaigns for Oscar nominations, a day after a media report raised questions about the surprise kink for British actress Andrea Riseborough. On Tuesday, Riseborough was nominated for best actress for playing an alcoholic single mother in the little-seen … Read more

Wall Street ends higher, posts weekly gains as Fed meeting looms

Wall Street ends higher, posts weekly gains as Fed meeting looms

PCE: Inflation Cools With Consumer Spending American Express, Visa move higher on strong demand Chevron falls after missing earnings estimates Indexes up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan. 27 (Reuters) – Wall Street moved ahead on Friday, marking the end of a rocky week in which economic data and corporate earnings expectations … Read more

EV maker Lucid rises on report Saudi PIF to buy remaining stake

EV maker Lucid rises on report Saudi PIF to buy remaining stake

27 Jan. (Reuters) – Shares of Lucid Group (LCID.O) rose 43% on Friday, a drop in earnings after doubling market speculation that the Saudi Arabian Public Investment Fund (PIF) was looking to buy out the electric vehicle maker. The speculation stemmed from an “uncooked” warning attributed to deals website Betaville, which used the term for … Read more

Japan tightens Russian sanctions after deadly missile attacks in Ukraine

Iran thwarts drone attack on military site

TOKYO, Jan. 27 (Reuters) – Japan on Friday tightened sanctions against Russia following the latest wave of missile strikes in Ukraine, adding goods to a list of export bans and freezing the assets of Russian officials and entities. The decision comes after Russia launched missile strikes into Ukraine that killed at least 11 people on … Read more