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Mercedes to continue EV investments despite Ukraine war disruptions

By Joseph White TUSCALOOSA, Ala. (Reuters) – Mercedes-Benz AG won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the.

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Sanctions-savaged Russia teeters on brink of historic default

By Marc Jones LONDON (Reuters) – The economic cost of Russia’s assault on Ukraine was fully exposed on Wednesday as Vladimir Putin’s sanctions-ravaged government teetered on the brink of its.

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S&P 500 Rallies as Investors Pile Into Battered Tech Stocks Ahead of Fed Decision

By Yasin Ebrahim Investing.com — The S&P 500 closed higher Tuesday, as investors piled into to beaten tech sectors ahead of the Federal Reserve decision on Wednesday. The S&P 500 rose 2.1%,.

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Cargo ship runs aground in U.S., a year after company’s other ship blocked Suez

(Reuters) – The Ever Forward container ship is currently grounded in the Chesapeake Bay near Baltimore, according to the U.S. Coast Guard, nearly a year after another ship run by.

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Wall Street jumps as S&P snaps 3-day slump; Fed on tap

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rallied on Tuesday and the S&P 500 ended a 3-day skid as another drop in oil prices and a softer-than-expected reading on producer.

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Buttressing Greenland – a bailout in China’s distressed property sector

By Engen Tham and Xie Yu SHANGHAI/HONG KONG (Reuters) – Greenland Holdings Corp Ltd, a major Shanghai-based Chinese state-backed property developer responsible for marquee projects at home and abroad, was.

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Ford doubles down on electric vehicle push in Europe

By Christoph Steitz FRANKFURT (Reuters) – U.S. carmaker Ford on Monday unveiled plans for seven new electric models in Europe, a battery-assembly site in Germany and a nickel cell manufacturing.

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Bentley to roll out one electric car annually for five years from 2025

(Reuters) – Luxury carmaker Bentley unveiled plans on Tuesday to build a new electric model annually for five years from 2025 after its annual profit skyrocketed, as the British firm.

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Yum China, BYD say China’s COVID curbs have impacted operations

SHANGHAI (Reuters) – Chinese businesses from automaker BYD to KFC operator Yum China say their operations have already been hit by the country’s latest COVID-19 curbs, with more disruption expected.

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Binance gets its first Gulf crypto licence in Bahrain

DUBAI (Reuters) – The world’s largest cryptocurrency exchange Binance has been given a crypto-asset service provider licence by Bahrain’s central bank, its first such licence in the Gulf Cooperation Council.

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