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News
Volkswagen earmarks €16 billion for job cuts, plant closures, source says
4+ day, 5+ hour ago (184+ words) BERLIN, Sept 10 (Reuters) – Volkswagen estimates the total cost of job cuts and potential plant closures, part of a landmark restructuring pact struck last week, at around €16 billion ($18.6 billion), a person familiar with the matter said on Thursday. The German carmaker,…...
Brent holds above $100 as tanker attacks deepen supply fear
4+ day, 17+ hour ago (222+ words) NEW DELHI, Sept 10 – Oil prices held firm on Thursday after Brent crude breached $100 a barrel, with traders bracing for deeper supply disruption as Iran and the United States launched their largest attacks on shipping since their six-month-old conflict began. Brent…...
US startup Covenant to launch cruise missile production in Germany next year
5+ day, 5+ hour ago (472+ words) BERLIN, Sept 9 (Reuters) – U.S. defence startup Covenant plans to begin mass production of low-cost cruise missiles in Germany in early 2027 to meet demand from European countries looking to procure long-range weapons to counter what they see as a growing threat…...
One third of Gulf oil is still missing despite ‘dark crossings’, data shows
5+ day, 3+ hour ago (497+ words) By Dmitry Zhdannikov and Anushree Mukherjee LONDON, Sept 9 – Estimates of Middle Eastern crude flows have varied wildly since tankers began “dark crossings” of the Strait of Hormuz, meaning they sail without transponder signals to avoid Iranian attacks. The clandestine shipments…...
Factbox-Venezuela’s mining sector: more data needed on geological potential
6+ day, 2+ hour ago (501+ words) Sept 8 (Reuters) – Following are facts about Venezuela’s mining sector, which is attracting interest from U.S. President Donald Trump’s administration. CONFUSION OVER RESERVES AND RESOURCES In 2019, then-Venezuelan President Nicolas Maduro and Delcy Rodriguez, who is acting president, announced a five-year…...
Taiwan flexes chip diplomacy muscles as it faces pressure to share AI wealth with allies
1+ week, 17+ hour ago (523+ words) By Ben Blanchard and Wen-Yee Lee TAIPEI, Sept 7 (Reuters) – Taiwan flexed its chip diplomacy muscles at a major trade show last week, portraying itself as a democratic and reliable supplier for the AI revolution, while signalling a willingness to share…...
Greer says agriculture, non-tariff barrier announcements likely during Xi visit
1+ week, 4+ day ago (153+ words) Sept 3 (Reuters) - The United States and China are set to make some announcements on agriculture and non-tariff barriers during a visit by Chinese President Xi Jinping to Washington this month, U.S. Trade Representative Jamieson Greer said on Thu... Greer…...
Boeing paid $3.1 million fine to FAA over widespread safety violations
1+ week, 4+ day ago (352+ words) WASHINGTON, Sept 2 (Reuters) – Boeing paid a $3.1 million fine to the U.S. Federal Aviation Administration this year, after the agency said the planemaker had committed a series of safety violations, including actions tied to the 2024 Alaska Airlines MAX 9 mid-air emergency, the…...
Europe may accelerate space launches to meet satellite demand
1+ week, 5+ day ago (491+ words) PARIS, Sept 2 (Reuters) – The European Space Agency is considering increasing the launch rate of its Ariane 6 and Vega-C rockets in the coming years to overcome a potential bottleneck in satellite deployments, the agency’s chief said on Wednesday. Director General Josef…...
US private payroll growth slows in August; factory orders rebound in July
1+ week, 5+ day ago (703+ words) WASHINGTON, Sept 2 (Reuters) – U.S. private payrolls increased less than expected in August as strength in the education and health services sector was offset by job losses in manufacturing and a few other industries. Private employment rose by 38,000 jobs last month…...