Airbus slams skeptical supplier Raytheon over jet output

Register now for FREE unlimited access to Register PARIS, Sept 23 (Reuters) – Europe’s Airbus (AIR.PA) clashed on Friday with US giant Raytheon Technologies (RTX.N) over plans for a record leap in jetliner output, after the industry’s largest contractor questioned whether a battered supply chain could keep up. The world’s largest planemaker said it … Read more

Biden hops into Corvette, declares Detroit ‘back’ at EV-focused auto show

Register now for FREE unlimited access to Register DETROIT, Sept 14 (Reuters) – President Joe Biden took a victory lap on Wednesday at the Detroit auto show as he highlighted automakers’ electric-vehicle push, including billions of dollars in investments in battery plants, on the back of new government support. Self-declared “car guy” Biden climbed … Read more

Oil rises 4% on supply threats, still set for weekly drop

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS / Christian Hartmann Register now for FREE unlimited access to Register Oil benchmarks heading for second weekly decline Putin threatens to cut off all energy supplies Fed’s Waller: need aggressive rate hikes now … Read more

Tesla considering lithium refinery in Texas, seeks tax relief

The TESLA logo is seen outside a dealership in the Brooklyn borough of New York City, US, April 26, 2021. REUTERS / Shannon Stapleton Register now for FREE unlimited access to Register Sept 9 (Reuters) – Tesla Inc (TSLA.O) is considering setting up a lithium refinery on the gulf coast of Texas, as it … Read more

Oil slides 3% as China lockdowns stoke demand fears

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS / Todd Korol Register now for FREE unlimited access to Register China’s Shenzhen widens COVID-19 curbs as cases rise China’s August factory activity shrinks as orders weaken Dollar index hits 20-year high OPEC + sees tighter … Read more

Arm sues Qualcomm, aiming to unwind Qualcomm’s $ 1.4 bln Nuvia purchase

Qualcomm logo is during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS / Wolfgang Rattay Register now for FREE unlimited access to Register SAN FRANCISCO, Aug 31 (Reuters) – Chip technology firm Arm Ltd, which is owned by Softbank Group Corp (9984.T), on Wednesday said it had sued Qualcomm … Read more

Europe braces for more cuts in Russian oil and gas exports

An interior view shows a new pumping station of the Caspian Pipeline Consortium (CPC) near the city of Atyrau, Kazakhstan October 12, 2017. REUTERS / Mariya Gordeyeva Register now for FREE unlimited access to Register CPC says two of three mooring points (SPM) suspended One SPM can handle less than 70% of terminal capacity … Read more

As Japanese manufacturing fades, a factory town fights to stay alive

HIGASHIOSAKA, Japan Aug 22 (Reuters) – The small factories in the western Japanese city of Higashiosaka for decades fueled the thundering rise of the country’s biggest brands – but a weak yen and rising costs have accelerated a slow decline, and are reshaping the industrial heartland . Home to about 6,000 firms, 87% of which … Read more

Philips parts ways with CEO in midst of massive recall

Van Houten to leave after almost 12 years at helm To be replaced on Oct. 15 by Connected Care head Jakobs Shares up 2%, but down more than 50% since product recall AMSTERDAM, Aug 16 (Reuters) – Philips (PHG.AS) Chief Executive Frans van Houten will leave the company in October, the Dutch health technology firm … Read more

Wide-body jet demand humming again as Boeing 787 rejoins the fray

The Boeing 787-10 Dreamliner sits on the tarmac before a delivery ceremony to Singapore Airlines at the Boeing South Carolina Plant in North Charleston, South Carolina, United States March 25, 2018. REUTERS / Randall Hill Register now for FREE unlimited access to Register Demand for long-haul jets rising after prolonged downturn Saudi Arabia discussing … Read more