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Thursday, May 9, 2024
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Canada offering more than C$13 billion for VW battery plant – govt source

OTTAWA (Reuters) -Canada has agreed to provide up to C$13 billion ($9.7 billion) in subsidies and a C$700 million grant to lure Volkswagen AG into building its North American battery plant in the

Brazil mulls ‘digital tax’ on shipments from e-commerce giants -minister

SAO PAULO (Reuters) - Brazil's finance minister said on Thursday the country would implement a new "digital tax" on shipments from e-commerce giants, after backtracking earlier this week from a

Canada offering more than C$13 billion over decade for Volkswagen battery plant, govt source says

OTTAWA (Reuters) - Canada agreed to provide subsidies of up to C$13 billion ($9.7 billion) over a decade plus a C$700 million grant to lure Volkswagen AG into building its North American battery plant

Fed in discussions with banks about managing risks of AI: Waller

(Reuters) - The Federal Reserve has “regular discussions” with the banks it supervises about managing the risks associated with artificial intelligence, as more financial institutions utilize AI for

Amazon to expand in business supplies after pandemic boosts sales in Europe

LONDON (Reuters) -Amazon plans to expand its business selling office supplies in Europe and internationally after the pandemic helped boost sales as companies shopped more online and looked for bulk

US, memory chipmaker Micron settle claim of immigration-related discrimination

WASHINGTON (Reuters) - The U.S. Justice Department said on Thursday it reached a settlement with memory chipmaker Micron Technology Inc to resolve an allegation of immigration-related employment

AT&T’s dismal cash flow sparks selloff in telecoms sector

By Tiyashi Datta (Reuters) -U.S. wireless carrier AT&T Inc missed market estimates for first-quarter revenue and free cash flow, underscoring the toll from strained consumer wallets and sparking a

Saudi Arabia’s TAWAL to buy European towers from United Group

DUBAI (Reuters) - TAWAL, a unit of Saudi Telecom Company (stc), agreed to buy tower infrastructure worth 1.22 billion-euros ($1.34 billion) from United Group in its first foray into Europe's telecoms

Tesla shares sink as Musk’s sales push by price cuts hurts margins

By Aditya Soni (Reuters) -Tesla Inc's shares sank more than 8% on Thursday and dragged down other automakers after Chief Executive Elon Musk signaled the electric-vehicle maker will keep cutting

Amazon to expand office supplies business after pandemic sales boost in Europe

LONDON (Reuters) - Amazon plans to expand its business selling office supplies in Europe and internationally after the pandemic helped boost sales as companies shopped more online and looked for bulk

On Camera

If the Congress were truly a democratic party, Sam Pitroda would be a nobody

It is obscene that a man so detached from India should occupy such a powerful position in a party that governed India for most of its republican history.

Day after mass sick leave by employees, Air India Express fires crew members, cancels 85 more flights

About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.

Three Indian Navy ships deployed to South China Sea

Deployment comes at a time when Yuan Wang 03, a Chinese missile and satellite tracking vessel, has entered Indian Ocean Region.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.