By Victoria Waldersee BERLIN (Reuters) – Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars[...]
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Europe
Raytheon’s profit rises on China aviation boost
By Mike Stone and Pratyush Thakur WASHINGTON (Reuters) – Raytheon Technologies Corp reported a 4% rise in quarterly adjusted profit on Tuesday, as the aerospace and defense company saw strong Ch[...]
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Bitcoin could hit $100,000 by end-2024, Standard Chartered says
By Elizabeth Howcroft LONDON (Reuters) -Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called “crypto winter” is[...]
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Airline capacity constrained until 2025 due to delivery delays, spare parts -IATA
DUBLIN (Reuters) – Global airline capacity will be lower than expected this year and stay constrained until 2025 at the earliest, warned IATA director general Willie Walsh, due to delays in new[...]
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Polestar to start production in South Carolina from 2024, says CEO
SHANGHAI (Reuters) – Premium electric vehicle (EV) maker Polestar will start production in South Carolina for U.S. and European markets from 2024, Chief Executive Thomas Ingenlath told Reuters a[...]
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Big investors amp up California’s port truck-charging plan
By Lisa Baertlein LOS ANGELES (Reuters) – California’s bustling seaports, dominated by massive container vessels and soaring cranes, may seem an unlikely setting for investors seeking to c[...]
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Britain’s Cineworld shareholders to be wiped out in restructuring plan
(Reuters) -Cineworld said on Tuesday it had filed a reorganisation plan in a Texas bankruptcy court that will effectively wipe out existing shareholdings, sending its stock to an all-time low. The fil[...]
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Oil settles lower as rate-hike worries balance tighter supplies
By Laura Sanicola (Reuters) -Oil prices settled lower on Monday, after rising for three straight weeks, as concern about further interest rate hikes that could curb demand balanced the prospect of a t[...]
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Arbutus files patent lawsuit against Pfizer/BioNTech over COVID vaccines
(Reuters) -Arbutus Biopharma on Tuesday sued U.S. drugmaker Pfizer Inc and its German partner BioNTech SE in a New Jersey district court, claiming their mRNA COVID-19 vaccines infringe five of Arbutus[...]
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