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

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

Strong US retail sales, manufacturing output boost economic outlook

Strong US retail sales, manufacturing output boost economic outlook

Retail sales increase 0.9% in April March retail sales gain raised to 1.4% from 0.5% Core retail sales up 1.0%; March revised to show 1.1% gain Manufacturing production increases 0.8% in April WASHINGTON, May 17 (Reuters) – US retail sales rose strongly in April as consumers bought more motor vehicles amid an improvement in supply … Read more

China signals easing of tech squeeze in bid to lift economy

China signals easing of tech squeeze in bid to lift economy

BEIJING/HONG KONG, April 29 (Reuters)-China signaled an easing of its crackdown on the once-freewheeling tech sector on Friday as President Xi Jinping seeks to bolster the economy in the face of growth-sapping COVID-19 lockdowns, sending shares in online heavyweights surging. China’s powerful Politburo, in a meeting chaired by Xi, said it will step up policy … Read more

US consumers shrug off high inflation, lean on savings to boost spending

US consumers shrug off high inflation, lean on savings to boost spending

Shoppers browse in a supermarket in north St. Louis, Missouri, US April 4, 2020. REUTERS/Lawrence Bryant/File Photo Register now for FREE unlimited access to Reuters.com Register Consumer spending increases 1.1% in March PCE price index jumps 0.9%; up 6.6% year-on-year Core PCE gains 0.3%; increases 5.2% year-on-year Employment cost index surges 1.4% in first quarter … Read more