Oil prices rebound on Russian pipeline constraints and recession fears

Oil prices rebound on Russian pipeline constraints and recession fears

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Join now for FREE unlimited access to Reuters.com Register Russia’s oil exports halted via southern section of Druzhba pipeline EU proposes ‘final’ text to resuscitate Iran nuclear deal Dollar … Read more

Dreaded ‘dip’ slashes billions from startup valuations

Dreaded ‘dip’ slashes billions from startup valuations

Aug 9 (Reuters) – Several high-flying startups are being brought down to earth as recent carnage in global stock markets and lackluster demand for new listings force companies to raise funds at a huge discount to their exorbitant valuations. Easy money from venture capital deals is quickly evaporating in an inflation-driven high interest rate environment … Read more

AppLovin offers to buy video game software maker Unity for $17.5 billion

AppLovin offers to buy video game software maker Unity for .5 billion

People play ‘Pokemon GO’ during the Pokequan GoBoat Adventure cruise on the Occoquan River in the small town of Occoquan, Virginia, U.S. August 14, 2016. REUTERS/Sait Serkan Gurbuz Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Games software company AppLovin Corp (APP.O) made an offer on Tuesday to buy peer … Read more

EXCLUSIVE Russia begins stripping airliners for parts as sanctions bite

EXCLUSIVE Russia begins stripping airliners for parts as sanctions bite

This content was produced in Russia, where law restricts coverage of Russian military operations in Ukraine MOSCOW, Aug 8 (Reuters) – Russian airlines, including state-controlled Aeroflot (AFLT.MM), are retiring jetliners to get spare parts they can no longer buy from abroad in because of Western sanctions, four industry sources told Reuters. The measures are in … Read more

US clears first Boeing 787 Dreamliner delivery in 21 – sources

US clears first Boeing 787 Dreamliner delivery in 21 – sources

The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 8 (Reuters) – The U.S. government on Monday approved delivery of the first Boeing (BA.N) 787 Dreamliner since 2021, paving … Read more

Chile to ‘punish’ those responsible for a sinkhole near a copper mine

Chile to ‘punish’ those responsible for a sinkhole near a copper mine

A sinkhole that was exposed last week has doubled in size, in a mining area near the town of Tierra Amarilla, in Copiapo, Chile, August 7, 2022. REUTERS/Johan Godoy Join now for FREE unlimited access to Reuters.com Register SANTIAGO, Aug. 8 – Chile will seek to impose tough sanctions on those responsible for a massive … Read more

Full of money, Pfizer buys Global Blood Therapeutics for $5.4 billion

Full of money, Pfizer buys Global Blood Therapeutics for .4 billion

Aug 8 (Reuters) – Pfizer Inc on Monday agreed to pay $5.4 billion in cash to sickle cell drugmaker Global Blood Therapeutics (GBT.O) as it seeks to capitalize on a surge in revenue from his COVID-19 vaccine and treatment. Pfizer will pay $68.50 per GBT share, representing a 7.3% premium to its Friday closing price … Read more

Indonesia says Tesla strikes $5 billion deal to buy nickel products – media

Indonesia says Tesla strikes  billion deal to buy nickel products – media

Tesla cars are parked at the construction site of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 20, 2022. REUTERS/Hannibal Hanschke/ Join now for FREE unlimited access to Reuters.com Register JAKARTA, Aug 8 (Reuters) – U.S. automaker Tesla (TSLA.O) has signed deals worth around $5 billion to buy materials for its batteries … Read more

Tata Motors to buy Ford India manufacturing plant for $91m

Tata Motors to buy Ford India manufacturing plant for m

Tata Motors logos are pictured outside their flagship showroom in Mumbai May 28, 2013. Picture taken May 28, 2013. REUTERS/Vivek Prakash Join now for FREE unlimited access to Reuters.com Register Aug 8 (Reuters) – Tata Motors Ltd (TAMO.NS) on Sunday signed a deal to buy Ford Motor’s manufacturing plant in the western state of Gujarat … Read more

Automakers say US Senate bill will jeopardize 2030 goals for electric vehicles

Automakers say US Senate bill will jeopardize 2030 goals for electric vehicles

FILE PHOTO – Volkswagen employees stand next to Volkswagen electric cars during a ceremony at German automaker Volkswagen’s first battery cell production plant ‘SalzGiga’ in Salzgitter, Germany, July 7, 2022. REUTERS / Fabrizio Bensch Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 7 (Reuters) – A group representing General Motors (GM.N), Toyota … Read more