KYIV (Reuters) – Ukraine’s grid operator told consumers to brace for more blackouts in Kyiv and other regions on Monday as it seeks to reduce the strain on energy infrastructure damaged by Russian missile and drone attacks. Rolling blackouts are becomi…
Global hedge funds advance in October amid stocks rally
NEW YORK (Reuters) – Global hedge funds posted a 2% gain in October, helped by a rally in stock markets and a combination of higher inflation and interest rates, data provider HFR said in a statement on Monday. Equities, event-driven and macro hedge fu…
Bosch agrees to pay $25 million to settle California diesel emissions probe
(Reuters) – German auto supplier Bosch has agreed pay $25 million to resolve California’s probe into the company’s role in the diesel emissions scandals at Volkswagen and Fiat Chrysler, state Attorney General Rob Bonta said on Monday. The settlement, w…
Stellantis pauses paid ads on Twitter after Musk takes over
DETROIT (Reuters) – Stellantis said on Monday it is pausing all paid advertising posts on Twitter as it waits to see what the platform will look like under the leadership of its new owner Elon Musk. “We’re pausing paid advertising posts until we have a…
U.S. judge suspends many of New York’s new gun restrictions
By Jonathan Allen NEW YORK (Reuters) -A federal judge in New York temporarily suspended many parts of the state’s new gun restrictions on Monday to allow members of a gun-owners’ rights group to continue their lawsuit challenging the new law as unconst…
U.S. citizen killed in central Baghdad -police sources
BAGHDAD (Reuters) – A U.S. citizen was killed on Monday in central Baghdad after a failed attempt to kidnap him, Iraqi police sources said. The body was taken to a hospital in the capital’s Karrada district and an initial hospital report indicated that…
Germany likely to block Chinese takeover of Elmos’ chip production
FRANKFURT (Reuters) – The German government will likely block the Chinese takeover of Elmos’ chip factory, the Dortmund-based company said on Monday. The economics ministry had been examining the sale to competitor Silex, a Swedish company that is a su…
Renault’s talks with Geely complicated by Nissan concerns -sources
By Norihiko Shirouzu, Maki Shiraki and David Dolan BEIJING/TOKYO (Reuters) – Nissan Motor Co’s concerns about technology transfers have complicated its partner Renault’s plans to sell a large stake in its gasoline-engine business to China’s Geely, thre…
James Hardie cuts fiscal 2023 profit forecast
(Reuters) – James Hardie Industries on Tuesday lowered its earnings forecast for fiscal 2023 for the second time, as the world’s largest fiber cement maker flagged uncertainties around soaring inflation and slowing housing activity in its key markets. …
Ford’s EV guru Field talks bottlenecks and opportunities
By Paul Lienert (Reuters) – An inadequate charging network and insufficient access to battery raw materials are critical bottlenecks that could shackle demand for electric vehicles, according to Ford Motor Co’s chief electrification executive on Monday…