Business

June 16 (Reuters) – Electric-vehicle startup Faraday Future Intelligent Electric (FFIE.O) said on Friday it was planning a reverse stock split, as it looks to regain compliance with Nasdaq’s minimum bid price requirements.Nasdaq requires shares trade above $1 and sends a notice when a company trades below that mark for 30 consecutive business days.Companies then… […]

June 16 (Reuters) – An earthquake of magnitude 4.8 struck France on Friday, the German Research Center for Geosciences (GFZ) said.The earthquake’s epicenter was near a commune in the Charente-Maritime region of western France, at a depth of 10 km (6.21 miles), GFZ said.There was no immediate information on casualties or damage from the quake.The… […]

PARIS, June 16 (Reuters) – Airbus (AIR.PA) has signed orders this month including 60 A320-family jets with a lessor and 10 A350s with a major airline, said the planemaker’s Chief Commercial Officer Christian Scherer.The deals come on top of any business to be announced at next week’s Paris Airshow and will be booked at end-June,… […]

[1/2] Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo FuentesPARIS, June 16 (Reuters) – Tesla (TSLA.O) is close to achieving fully autonomous vehicles,… […]

UNITED NATIONS, June 15 (Reuters) – U.N. Secretary-General Antonio Guterres said on Thursday that countries must start phasing out oil, coal and gas – not just emissions – and demanded fossil fuel companies “cease and desist” measures that aim to “knee-cap” climate progress.”The problem is not simply fossil fuel emissions. It’s fossil fuels – period,”… […]

[1/2] A general view shows the Tesla Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. REUTERS/Annegret HilseBERLIN, June 15 (Reuters) – Tesla (TSLA.O) will hire fewer temporary workers at its plant outside Berlin than it did in its ramp-up phase and refrain from Saturday shifts, but it is still on track to achieve its… […]

[1/4] Google, Microsoft and Alphabet logos and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoSAN FRANCISCO, June 15 (Reuters) – Alphabet Inc (GOOGL.O) is cautioning employees about how they use chatbots, including its own Bard, at the same time as it markets the program around the world,… […]

LONDON, June 14 (Reuters) – Lawmakers on Britain’s powerful Treasury Select Committee have written to the Financial Conduct Authority to question the regulator’s supervision of Odey Asset Management (OAM) and its founder Crispin Odey.The letter sent to the FCA on Wednesday, and signed by the committee’s chair Harriett Baldwin, follows allegations of sexual misconduct by… […]

BEIJING, June 14 (Reuters) – The global communications director of the China-led Asian Infrastructure Investment Bank (AIIB) said on Wednesday he had resigned and criticised the bank as “dominated by the Communist Party”, allegations which the AIIB said were “baseless”.Bob Pickard announced the move on his personal Twitter account, saying he had left because of… […]

LIMA, June 13 (Reuters) – World Bank President Ajay Banga wants the lender to focus on more “scalable, replicable” projects across Latin America and elsewhere for transport and infrastructure and digitization of government and financial services to speed development.Banga, on his first foreign trip since taking office, told Reuters on Monday that he wanted the… […]