BRUSSELS, Nov 9 (Reuters) – EU countries and European Parliament lawmakers are likely to reach a deal on a 6-billion-euro ($6 billion) satellite internet system next week, people familiar with the matter said on Wednesday, driven by the bloc’s push to cut its dependency on foreign companies and the Ukraine …
Read More »Analysis: No Santa rally for markets as central banks dampen peak rate hopes
Hawkish central banks dampen hopes of peak rates Euro zone bonds yields surge Hawkish message a reality check for markets -analysts LONDON, Dec 15 (Reuters) – Forget a year-end rally in financial markets. The message from major central banks is loud and clear: the battle to tame inflation is far …
Read More »Biden to blacklist China’s YMTC, crackdown on AI chip sector
WASHINGTON, Dec 15 (Reuters) – The Biden administration on Thursday plans to add Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip industry to a trade blacklist, broadening its crackdown on China’s chip industry, the Commerce Department said. YMTC, long in the crosshairs of the …
Read More »Germany’s half-a-trillion dollar energy bazooka may not be enough
FRANKFURT, Dec 15 (Reuters) – Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago. That’s the cumulative scale of the bailouts and schemes the Berlin government has launched to prop …
Read More »Electric vehicles confront the leap to the mass market
DETROIT, Dec 15 (Reuters) – The past year was sobering for investors who poured money into Tesla Inc (TSLA.O) and rival electric vehicle startups that hoped to emulate Tesla CEO Elon Musk’s success. As interest rates rose and financial markets gyrated, shares in many EV startups deflated. Rivian Automotive Inc …
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