Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – US President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden … Read more

US tech companies yank job offers, leaving college grads scrambling

US tech companies yank job offers, leaving college grads scrambling

June 22 (Reuters) – One by one, over the last week of May, Twitter Inc (TWTR.N) rang up some members of its incoming class of new hires who had recently graduated from college and revoked the job offers in 15 -minute calls, according to some of the recipients. “It was traumatic,” Iris Guo, an incoming … Read more

Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids

Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids

The new logo of Deutsche Bank’s DWS Asset Management is pictured at their headquarters in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register DWS investigated over alleged greenwashing Prosecutors raided DWS and Deutsche Bank on Tuesday DWS shares down 24% since August last year Whistleblower says more … Read more

US wheat crop hit by dry winter then soggy spring, adding to global tightness

US wheat crop hit by dry winter then soggy spring, adding to global tightness

May 31 (Reuters) – North Dakota farmer Dwight Grotberg wanted to plant more wheat this spring to capitalize on soaring prices since Russia’s invasion of Ukraine cut grain exports and left the world short of millions of tonnes of wheat supply. Heavy rain has prevented Grotberg from planting as much wheat crop as he wanted … Read more

How a cheap component could help kill off combustion cars

How a cheap component could help kill off combustion cars

LONDON/BERLIN, May 30 (Reuters) – The humble wire harness, a cheap component that bundles cables together, has become an unlikely scourge of the auto industry. Some predict it could hasten the downfall of combustion cars. Supplies of the auto part were choked by the war in Ukraine, which is home to a significant chunk of … Read more

Zero-COVID, big money: China’s anti-virus spending boosts medical, tech, construction

Zero-COVID, big money: China’s anti-virus spending boosts medical, tech, construction

BEIJING, May 30 (Reuters) – China’s ‘zero -COVID’ policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has battered much of the country’s economy, but it has created bubbles of growth in the medical, technology and construction sectors. The Chinese government, alone among major countries in vowing to … Read more

In a faceoff with Elon Musk, the SEC blinked

In a faceoff with Elon Musk, the SEC blinked

Judge’s remarks in 2019 knocked SEC’s confidence court would back them Core issue – what is “material” information – was left to Musk and Tesla to decide As some tweets went unvetted, SEC opted to urge Musk to comply, rather than go to court SEC was also uneasy about risk of starting litigation given Musk’s … Read more

Boeing’s Starliner capsule docks with space station in uncrewed flight test

Boeing’s Starliner capsule docks with space station in uncrewed flight test

CAPE CANAVERAL, Fla., May 20 (Reuters) – Boeing’s (BA.N) new Starliner crew capsule docked for the first time with the International Space Station (ISS) on Friday, completing a major objective in a high stakes do -over test flight into orbit without astronauts aboard. The rendezvous of the gumdrop-shaped CST-100 Starliner with the orbital research outpost, … Read more

Exclusive: China quietly increases purchases of low-priced Russian oil

Exclusive: China quietly increases purchases of low-priced Russian oil

SINGAPORE, May 20 (Reuters) – China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February. The move by the world’s biggest … Read more

Iraq balks at greater Chinese control of its oilfields

Iraq balks at greater Chinese control of its oilfields

Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms not happy with terms of Iraqi deals LONDON/BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and led to … Read more