Russia seen cutting key rate by 100 bps to 10% on Friday
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Russia seen cutting key rate by 100 bps to 10% on Friday

Please try another search Economy2 hours ago (Jun 06, 2022 10:41AM ET) © Reuters. FILE PHOTO: National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. REUTERS (Reuters) – The Russian central bank is expected to cut its key interest rate by 100 basis points to 10% on Friday as… […]

Stellantis recalls 219,000 Jeep SUVs over fire risks
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Stellantis recalls 219,000 Jeep SUVs over fire risks

[1/2] The Stellantis logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David ‘Dee’ Delgado/File PhotoWASHINGTON May 16 (Reuters) – Chrysler-parent Stellantis said on Tuesday it is recalling 219,000 Jeep Cherokee SUVs worldwide for fire risks and warned owners to park outside until repairs are… […]

US Inflation Nearer 1980 Peak Than Thought, Summers Group Says
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US Inflation Nearer 1980 Peak Than Thought, Summers Group Says

© Reuters. US Inflation Nearer 1980 Peak Than Thought, Summers Group Says (Bloomberg) — US inflation is running even closer today to its 1980 peak, fresh analysis of historical price data shows, suggesting that the Federal Reserve’s task of bringing price gains back to its target is tougher than previously thought. A group of economists… […]

OpenAI chief goes before US Congress to propose licenses for building AI
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OpenAI chief goes before US Congress to propose licenses for building AI

WASHINGTON, May 16 (Reuters) – The CEO of OpenAI, the startup behind ChatGPT, told a Senate panel on Tuesday the use of artificial intelligence to interfere with election integrity is a “significant area of concern”, adding that it needs regulation.”I am nervous about it,” CEO Sam Altman said about elections and AI, adding rules and… […]

Chinese warships return to West Pacific for live-fire drills
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Chinese warships return to West Pacific for live-fire drills

BEIJING, May 16 (Reuters) – Two Chinese warships have ventured into the Western Pacific for live-fire exercises, the military said on Tuesday, shortly after one of China’s two aircraft carriers returned from a patrol, in its latest projection of force into more distant waters.The destroyer Dalian and guided-missile frigate Huangshan sailed to an unidentified area… […]

Tesla succession plan, vehicle demand in focus at annual meet
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Tesla succession plan, vehicle demand in focus at annual meet

May 16 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months.At the company’s annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step down as CEO… […]

Tesla applies to expand Shanghai plant, add pouch battery cell output
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Tesla applies to expand Shanghai plant, add pouch battery cell output

May 16 (Reuters) – Tesla Inc (TSLA.O) has applied for regulatory clearance to expand its Shanghai plant and to begin producing for the first time pouch-type battery cells, albeit in small numbers.An undated public notice said the potential expansion would give the Shanghai Gigafactory the capacity to produce 1.75 million powertrain units annually, up from… […]

Ousted board of Philippine casino sues Japanese tycoon Okada after resort seized
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Ousted board of Philippine casino sues Japanese tycoon Okada after resort seized

Please try another search Economy2 hours ago (Jun 06, 2022 10:26AM ET) © Reuters. FILE PHOTO: Universal Entertainment Corp’s founder Kazuo Okada attends a news conference at the Tokyo District Court in Tokyo, Japan September 14, 2017. REUTERS/Issei Kato By Neil Jerome Morales MANILA (Reuters) – The ousted board of the Philippines’ biggest casino said… […]