By Maya Gebeily Qlayaa, LEBANON (Reuters) – The last time Lebanese farmer Zakaria Farah stepped onto his fields outside the southern town of Qlayaa was in January – but it was not to plant. With shelling in the distance, he swiftly dug his hands into the soil to gather samples that could determine his family’s […]
By Alvise Armellini ROME (Reuters) – U.S. President Joe Biden must drop his re-election bid or Donald Trump is sure to return to the White House, former Italian prime minister Matteo Renzi said on Wednesday. Renzi, 49, led a centre-left government from 2014-2016 and was close to the administration led by former President Barack Obama, […]
PARIS (Reuters) – Stellantis, the carmaker whose brands include Peugeot, Fiat and Chrysler, announced on Wednesday a partnership with the French state’s CEA research organisation to work on a next generation of battery cells for electric vehicles. WHY IT MATTERS: Carmakers around the world are exploring battery technologies to reduce the cost of electric vehicles […]
WASHINGTON (Reuters) – A measure of U.S. services sector activity slumped to a four-year low in June amid a sharp drop in orders, potentially hinting at a loss of momentum in the economy at the end of the second quarter. The Institute for Supply Management said its nonmanufacturing purchasing managers (PMI) index dropped to 48.8 […]
By David Shepardson (Reuters) -General Motors will pay a $145.8 million penalty after a U.S. government investigation found excess emissions from approximately 5.9 million GM vehicles, government agencies said on Wednesday. The Environmental Protection Agency said GM has agreed to give up approximately 50 million metric tons in carbon allowances after the multi-year investigation found […]
By Daniel Wiessner (Reuters) -Apple on Thursday was hit with a proposed class action accusing the tech giant of paying more than 12,000 female employees in California less than men with comparable jobs, lawyers for the plaintiffs said. The lawsuit filed in state court in San Francisco by two women claims Apple systematically underpays female […]
By Douglas Gillison and Chris Prentice WASHINGTON (Reuters) -U.S. President Joe Biden will nominate Christy Goldsmith Romero, a Democratic member of the Commodity Futures Trading Commission (CFTC), to replace Martin Gruenberg as chair of the Federal Deposit Insurance Corporation (FDIC), the White House said on Thursday. The intended nomination from the White House comes after […]
(Reuters) -Tyson Foods has suspended its chief financial officer, John R. Tyson, after he was arrested on charges of alleged driving while intoxicated, the company said on Thursday. The U.S. meat packer said that Tyson was suspended from his duties immediately, and that Curt Calaway, a senior finance executive at the company, will take over […]
LONDON (Reuters) – Wall Street bank JP Morgan and Greek fintech boss Haris Karonis both claimed success on Thursday in a London court battle over how to value a joint business, paving the way for its potential sale. Karonis’s WEREALIZE.COM (WRL), the majority owner of Athens-based Viva Wallet, has accused JP Morgan of trying to […]
(Reuters) – Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill’s return to YouTube last week failed to spark fresh investor enthusiasm for the struggling shopping mall retailer. Gill, known on YouTube as “Roaring Kitty,” held his first livestream in three years on Friday, the […]
