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S.Korea’s LGES reviews plan for $1.3 bln Arizona battery plant as U.S. inflation bites

Reuters
SEOUL, June 29 (Reuters) – South Korean battery maker LG Energy Solution Ltd (LGES) (373220.KS) plans to reassess its investment plan for a standalone Arizona battery factory due to the current U.S. economic environment, a company spokesperson said on Wednesday. The spokesperson’s comments on the previously announced $1.3 billion investment......

U.S. FDA classifies recall of GE’s ventilator batteries as most serious

Reuters
June 28 (Reuters) – U.S. health regulators on Tuesday classified the recall of some backup batteries of GE Healthcare’s ventilators, which the company had initiated in mid-April, as the most serious type, saying that their use could lead to injuries or death. The CARESCAPE R860 ventilator’s backup batteries, including replacement......

India plans safety rating system for passenger cars

Reuters
Traffic moves on a road in a heat haze during hot weather on the outskirts of Ahmedabad, India, May 12, 2022. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register NEW DELHI, June 25 (Reuters) – India will introduce a safety rating system for passenger cars – a......

U.S. FDA halts sales of Juul e-cigarettes in nicotine crackdown

Reuters
June 23 (Reuters) – The Food and Drug Administration on Thursday blocked Juul Labs Inc from selling its e-cigarettes in the United States, potentially dealing a fatal blow to the once high-flying San Francisco company. Following a nearly two-year-long review of scientific and public health data submitted by the company,......

Primark to trial Click & Collect but online delivery still off the agenda

Reuters
The Primark logo can be seen on windows at Primark’s new Spanish flagship store in Madrid, Spain, October 15, 2015. REUTERS/Andrea Comas Register now for FREE unlimited access to Reuters.com Register To trial Click & Collect on children’s products Primark sales up 81% in third quarter Parent AB Foods’ sales......

Countries weigh ‘unprecedented’ trade deal package at WTO talks

Reuters
Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala at the opening ceremony of the 12th Ministerial Conference, at the World Trade Organization, in Geneva, Switzerland, June 12, 2022. Martial Trezzini/Pool via REUTERS/ Register now for FREE unlimited access to Reuters.com Register GENEVA, June 17 (Reuters) – The World Trade......

Sanctions-hit Kremlin stages ‘Russian Davos’ bereft of elite, Putin speaks Friday

Reuters
Flags with the St. Petersburg International Economic Forum (SPIEF) logo fly near the St. Isaac’s Cathedral in Saint Petersburg, Russia June 14, 2022. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register International economic forum June 15-18 in St Petersburg No Western bigwigs at ‘Russian Davos’ due to......

U.S. agency upgrades Tesla Autopilot safety probe, step before possible recall

Reuters
WASHINGTON, June 9 (Reuters) – The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830,000 Tesla (TSLA.O) vehicles with its advanced driver assistance system Autopilot, a required step before it could seek a recall. The auto safety agency in August opened a preliminary......

EU agrees single mobile charging port in blow to Apple

Reuters
IPhone 12 phones are seen at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 7 (Reuters) – Apple (AAPL.O) will have to change the connector on iPhones sold in Europe......

Americans split on nuclear energy as safety worries linger – Reuters/Ipsos poll

Reuters
WASHINGTON, June 6 (Reuters) – Just under half of Americans support nuclear power to generate electricity, a waning industry the Biden administration has been trying to revitalize with billions of dollars in public spending as part of a plan to cut U.S. greenhouse gas emissions, a new Reuters/Ipsos poll showed.......

‘Top Gun’ heirs sue Paramount over ‘Top Gun: Maverick’

Reuters
June 6 (Reuters) – The family of the author whose article inspired the 1986 Tom Cruise movie “Top Gun” on Monday sued Paramount Pictures for copyright infringement over this year’s blockbuster sequel “Top Gun: Maverick.” According to a complaint filed in Los Angeles federal court, the Paramount Global (PARA.O) unit......

Baby formula shortage could ease as Abbott reopens Michigan plant

Reuters
June 4 (Reuters) – Abbott Laboratories (ABT.N) said on Saturday that it has reopened its baby formula production plant in Sturgis, Michigan, taking a step toward alleviating an acute nationwide shortage that has sent parents scrambling for supplies. The company said it will begin production of EleCare and other specialty......

Global automakers face electric shock in China

Reuters
BEIJING, May 26 (Reuters) – If global automakers think they can extend their dominance in China into the electric era, they may be in for a shock. Kings of the combustion age such as General Motors and Volkswagen are falling behind local players in the booming electric vehicle (EV) market......

Palantir, Trafigura aim to track carbon emissions for the oil industry

Reuters
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 24 (Reuters) – Palantir Technologies Inc (PLTR.N) and global commodities trader Trafigura have set......

Biden says first shipments of baby formula flying in from Europe this weekend

Reuters
May 20 (Reuters) – The first shipments of infant formula from Europe to address a critical shortage in the United States should begin arriving this weekend, President Joe Biden said on Friday amid criticism of his administration’s handling of the issue. Biden said on Twitter the initial military cargo plane......

Factbox: The Great Rebrand: Western business reborn in Russia under new names

Reuters
May 20 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided – the most high-profile rebranding so far of companies extricating themselves from Russia. read more Scores of......

Computer chip giant ASML places big bets on a tiny future

Reuters
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......

WhatsApp to launch cloud-based tools, premium features for businesses

Reuters
A 3D-printed Whatsapp logo is placed on the keyboard in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register May 19 (Reuters) – WhatsApp is introducing free cloud-based API services in a push to get more businesses using the app, Meta......

McDonald’s to sell Russia restaurants to local operator, rebrand

Reuters
A sign with the logo is on display outside a McDonald’s restaurant in Omsk, Russia May 18, 2022. Picture taken with a drone. REUTERS/Alexey Malgavko Register now for FREE unlimited access to Reuters.com Register May 19 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of......

Exclusive: China in talks with automakers on EV subsidy extension

Reuters
SHANGHAI, May 18 (Reuters) – China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said. The move by policymakers comes......

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