The United States and Japan on Tuesday signed a trade deal on electric vehicle battery minerals that is key to strengthening their battery supply chains and granting Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The swiftly negotiated agreement prohibits the two countries from enacting bilateral export restrictions on the minerals […]
China
The U.S. dollar fell against a basket of currencies for a second straight day on Tuesday as easing worries about a banking crisis revived investors’ appetite for riskier currencies. Investors took solace from First Citizens BancShares’ agreement to buy all of failed lender Silicon Valley Bank’s deposits and loans, and the fact that no further […]
Shares of First Citizens BancShares Inc climbed to a record high on Tuesday, extending gains for a second day after scooping up the assets of failed peer Silicon Valley Bank. First Citizens BancShares rebounds to record high, https://fingfx.thomsonreuters.com/gfx/mkt/gdvzqkemmpw/Pasted%20image%201680024643514.png First Citizens rallied as much as 7.2%, briefly hitting an all-time peak of $959.99 before paring gains. […]
EU antitrust regulators gave unconditional approval for Alphabet unit Google’s acquisition of Croatian maths app Photomath, the European Commission said in a statement on Tuesday. The EU Commission said the deal would not reduce competition in the markets for “online homework and study help tools that include maths as a subject offering and general search […]
Relativity Space could revolutionise space travel with 3D printing. Relativity Space launched its Terran 1, an entirely 3D-printed rocket, from Launch Complex 16 in Cape Canaveral, Florida last Wednesday night. Standing at 110 ft. tall and 7.5 ft. wide, Terran 1 is the largest 3D-printed object to attempt orbital flight. As a two-stage, expendable rocket, […]
China has urged Apple to strengthen its data security and personal privacy protection, the country’s state planner said in a statement on Tuesday. Chairman of National Development and Reform Commission Zheng Shanjie made the comments when he met Apple CEO Tim Cook on Monday, the statement said. HONG KONG (Reuters) Inside Telecom provides you with […]
The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says China has imposed on Lithuania. Representatives of the European Parliament and the Council, the grouping of EU countries, reached a provisional deal on the anti-coercion […]
Germany’s antitrust regulator is reviewing Microsoft’s market power in a move that could lead to an investigation of the U.S. tech giant’s business practices and potential bans if they are found to damage competition. The Bundeskartellamt said it would decide whether Microsoft should be designated as a company “of paramount significance for competition across markets”. […]
About 17% of all fuel stations in France were missing at least one product as of Monday night, France’s petroleum association UFIP said, citing French energy ministry data. About 29% of fuel stations in the Ile-de-France region, where capital city Paris is located, were missing at least one product, the data showed. Two regions in […]
UK shares extended gains on Tuesday, supported by an upbeat performance in energy heavyweight BP, while lenders gained following reassuring comments by Bank of England Governor Andrew Bailey on the stability of the banking sector. Bailey said in a speech that UK banks were resilient in the face of strains in the global banking system, […]