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October 22, 2021

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Mekelle struck, residents flee Amhara as Ethiopia battle intensifies

Reuters
Members of Amhara special forces stand guard on the Ethiopia-Eritrean border near the town of Humera, Ethiopia July 1, 2021. REUTERS/Stringer Friday’s strike hits university campus, say humanitarian sources Fourth day of aerial bombardments in city of Mekelle Air campaign comes amid heavy fighting in Amhara region Nearly a year......

Stellantis powers up electric plans with Samsung SDI U.S. deal

Reuters
A Stellantis sign is seen outside the company’s headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo Follows similar deal with battery maker LGES JVs to provide up to 80 GWh annual battery capacity Stellantis aims for over 40% of U.S. sales from EVs Group targets global......

EV truck maker Rivian plans in-house battery cell manufacturing

Reuters
The Rivian R1T all-electric truck is pictured at an event, held by the electric vehicle startup, for customers who preordered the truck, in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino/File Photo/File Photo SAN FRANCISCO, Oct 1 (Reuters) – Electric truck maker Rivian Automotive, which currently sources batteries from......

China marks national day with mass air incursion near Taiwan

Reuters
TAIPEI, Oct 1 (Reuters) – Taiwan’s air force scrambled again on Friday to warn away 25 Chinese aircraft that entered its air defence zone, the defence ministry in Taipei said, the same day as China marked its national day, the founding of the People’s Republic of China. Chinese-claimed Taiwan has......

Foxconn strikes deal to acquire former Lordstown Ohio plant

Reuters
A Lordstown Motors beta version of its all electric pickup truck, the Endurance, is seen at the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook/File Photo WASHINGTON/DETROIT, Sept 30 (Reuters) – Global technology firm Foxconn will buy an assembly plant owned by U.S. electric vehicle startup......

REUTERS IMPACT China’s Huayou Cobalt seeks lithium as expands battery minerals portfolio

Reuters
Batteries for electric vehicles are manufactured at a factory in Dongguan, China September 20, 2017. REUTERS/Bobby Yip BEIJING, Sept 30 (Reuters) – Zhejiang Huayou Cobalt (603799.SS) is seeking to invest in lithium mining and processing, its executive vice chairman told Reuters, as China’s biggest cobalt refiner strives to expand its......

EXCLUSIVE The king of oil bets on batteries for a green world

Reuters
Alex Beard, head of oil at trading firm Glencore, looks on during an interview in Tlalnepantla, state of Mexico, Mexico, August 17, 2017. REUTERS/Ginnette Riquelme/File Photo Beard’s fund to invest in UK battery storage Batteries can cushion shocks and help power trading UK facing energy crisis LONDON, Sept 30 (Reuters)......

S&P 500, Dow gain amid inflation concerns, debt ceiling debate

Reuters
Dow top gainer, boosted by Boeing Fed Chair Powell expresses frustration over supply chain woes Indexes: Dow up 0.26%, S&P rises 0.16%, Nasdaq off 0.24% NEW YORK, Sept 29 (Reuters) – Wall Street ended firmer on Wednesday in a partial rebound from the previous day’s broad sell-off, with remarks from......

Samsung Electronics close to finalising $17 bln Texas chip plant -sources

Reuters
SEOUL/SAN FRANCISCO, Sept 29 (Reuters) – Samsung Electronics Co Ltd (005930.KS) is close to finalising the construction of a $17 billion semiconductor factory in Williamson County in the U.S. state of Texas, three people with knowledge of the matter said. Samsung told Reuters that it is continuing due diligence in......

ASML hikes financial forecasts, sees sales of $28-35 bln by 2025

Reuters
AMSTERDAM, Sept 29 (Reuters) – ASML Holding NV (ASML.AS), one of the key suppliers to computer chip makers, increased its financial forecasts on Wednesday and said it would have revenue growth of around 11% annually through 2030 amid booming demand for its products. In a pre-market statement, the company estimated......

North Korea says it test-fired new hypersonic missile

Reuters
SEOUL, Sept 29 (Reuters) – The projectile North Korea fired off its east coast on Tuesday was a newly developed hypersonic missile, state news media KCNA reported on Wednesday, the latest in a series of new weapons tested by the reclusive state. North Korea fired the missile towards the sea......

U.S. says Chinese government blocking airplane purchases

Reuters
U.S. Commerce Secretary Gina Raimondo speaks during a Reuters interview at the Department of Commerce in Washington U.S., September 23, 2021. REUTERS/Kevin Lamarque WASHINGTON, Sept 28 (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Tuesday the Chinese government is preventing its domestic airlines from buying “tens of billions of......

N.Korea fires missile, accuses U.S. of ‘double standards’

Reuters
SEOUL, Sept 28 (Reuters) – North Korea fired a missile towards the sea off its east coast on Tuesday, South Korea’s military said, as Pyongyang called on the United States and South Korea to scrap their “double standards” on weapons programmes to restart talks. The missile was launched from the......

EV maker Polestar strikes $20-bln deal with Gores Guggenheim SPAC

Reuters
Sept 27 (Reuters) – Swedish electric-car maker Polestar said on Monday it will go public by merging with a U.S.-listed blank-check firm backed by billionaire Alec Gores and investment bank Guggenheim Partners at an enterprise value of $20 billion. The deal with Gores Guggenheim (GGPI.O) will provide Polestar cash proceeds......

Cryptocurrency exchanges scramble to drop Chinese users after Beijing’s ban

Reuters
SHANGHAI, Sept 27 (Reuters) – Beijing’s new blanket ban on all cryptocurrency trading and mining – the broadest yet by a major economy – has sent crypto exchanges and service providers scrambling to sever business ties with mainland Chinese clients. Shares in a range of Chinese crypto-related firms plunged on......

Some Apple, Tesla suppliers suspend production in China amid power pinch

Reuters
Sept 27 (Reuters) – Several Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) suppliers have suspended production at some Chinese factories for a number of days to comply with tighter energy consumption policies, putting supply chains at risk in the peak season for electronics goods. Two major Taiwanese chipmakers, however, said......

China condemns Britain for Taiwan Strait warship mission

Reuters
Officers of the Indonesian Navy greet the crew of the visiting British Royal Navy ship HMS Richmond docked at Tanjung Priok harbour in Jakarta May 22, 2011. REUTERS/Supri/Files BEIJING, Sept 27 (Reuters) – China strongly condemned Britain on Monday for sailing awarship through the sensitive Taiwan Strait, saying it was......

China’s biggest air show to display self-sufficiency drive, military prowess

Reuters
Airshow China to open on Tuesday in southern city of Zhuhai Local firms have ramped up presence as travel restricted Display debuts include AG600 and Wing Loong II drone ZHUHAI, China, Sept 27 (Reuters) – China’s drive for self-sufficiency in aerospace and its growing military prowess will be on display......

Erdogan: Turkey intends to buy more Russian defence systems

Reuters
Turkish President Tayyip Erdogan addresses the 76th Session of the U.N. General Assembly in New York City, U.S., September 21, 2021. REUTERS/Eduardo Munoz/Pool ISTANBUL, Sept 26 (Reuters) – President Tayyip Erdogan said Turkey still intended to buy a second batch of S-400 missile defense systems from Russia, a move that......

China’s Geely to set up 5,000 battery swapping stations by 2025

Reuters
The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. Picture taken August 17, 2021. REUTERS/Aly Song/Files BEIJING, Sept 26 (Reuters) – China’s Geely (GEELY.UL) aims to set up 5,000 battery swapping stations for electric vehicles (EV) globally by 2025, as sales grow in the......

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