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NEW DELHI (Reuters) – Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for conspiring with executives of a formerly New York listed company to devise a $265 million scheme to bribe Indian officials to boost their solar energy business. Adani Group denied the allegations as “baseless”, while Indian…
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union formally approved imposing tariffs on Chinese-made electric vehicles (EVs) on Tuesday after an investigation that has divided the bloc and prompted retaliation from Beijing. The European Commission has set rates ranging from 7.8% for Tesla (NASDAQ:) to 35.3% for China’s SAIC…
By Nivedita Bhattacharjee BENGALURU (Reuters) – Two NASA astronauts aboard Boeing (NYSE:)’s Starliner will stay on the International Space Station for months because of a faulty propulsion system whose problems included helium leaks. Back on Earth, SpaceX’s Polaris (NYSE:) Dawn mission has been delayed because of helium issues on ground…
By Lisa Barrington (Reuters) – Hong Kong’s Cathay Pacific Airways (OTC:) said on Monday it was inspecting all 48 of its Airbus A350 widebody jets after the in-flight failure of a component in an engine that is made by British manufacturer Rolls-Royce (OTC:). WHAT HAPPENED ON THE FLIGHT? A problem…
BRASILIA (Reuters) – A Brazilian Supreme Court justice on Friday ordered the country’s telecommunications regulator Anatel to shut down Elon Musk’s social media platform X after the billionaire failed to comply with an order to name a legal representative in Brazil. WHAT IS THE CONFLICT ABOUT? Justice Alexandre de Moraes…
(Reuters) – China will impose export controls on some antimony products from Sept. 15, it said on Thursday, citing national security, adding to measures imposed by Beijing since last year to curb shipments of strategic minerals. Following are details on Chinese restrictions and the antimony market. WHAT IS ANTIMONY AND…
By Arriana McLymore NEW YORK (Reuters) – Shein’s vast array of $5 shirts, $20 dresses and $15 shoes could face more trademark scrutiny under a new EU rule that tightens oversight on intellectual property rights. Shein, a China-founded e-commerce giant, is pushing toward a London IPO. The EU’s digital rules…
By Gus Trompiz PARIS (Reuters) – A wave of civil unrest in New Caledonia, a French overseas territory in the southern Pacific that is a leading nickel producer, has halted mining operations and supported a rally in prices for the metal. Here’s why New Caledonia’s nickel industry matters politically and…
(Reuters) – The PC just got an AI makeover, raising hopes that the buzzy technology would help revive an industry that has been on a steady decline over the last few years. Here’s everything we know about AI PCs: WHAT ARE AI PCS? Manufacturers say these devices process data more…
By Alex LawlerLONDON (Reuters) – OPEC+ oil producers are making voluntary output cuts totalling about 2.2 million barrels per day (bpd) for the first half of 2024, led by Saudi Arabia rolling over an earlier voluntary cut.These curbs from the Organization of the Petroleum Exporting Countries and allies, known as…
