By Arathy Somasekhar and Liz Hampton (Reuters) -Rising costs and shortages of labor and materials have plagued U.S. shale oil…
COP27 – Corporate climate pledges rife with greenwashing – U.N. expert group
By Gloria Dickie and Simon Jessop SHARM EL-SHEIKH, Egypt (Reuters) -Promises by companies, banks and cities to achieve net-zero emissions…
Crypto exchange Binance plans to acquire major rival FTX
By Hannah Lang and Tom Wilson WASHINGTON/LONDON (Reuters) -Binance, the world’s largest cryptocurrency exchange, has signed a nonbinding agreement to…
Foxconn to become biggest shareholder in Lordstown Motors with up to $170 million investment
(Corrects paragraph 2 to say Foxconn’s expected ownership of Lordstown at completion will be 18.3% and not 19.3%) (Reuters) –…
EU wants broader rules on companies’ market power, focus on tech
By Foo Yun Chee BRUSSELS (Reuters) – EU regulators want broader rules defining companies’ market power, with more weight given…
Gap to sell Greater China units to e-commerce firm Baozun
BEIJING (Reuters) – U.S. apparel retailer Gap Inc has agreed to sell its Greater China businesses to Baozun Inc, the…
Germany’s economic council less pessimistic than govt on looming recession -Source
BERLIN (Reuters) -Germany will not face as severe a recession next year as currently predicted by the government, according to…
Crypto exchange FTX saw $6 billion in withdrawals in 72 hours -CEO message to staff
By Tom Wilson and Angus Berwick (Reuters) -Crypto exchange FTX saw around $6 billion of withdrawals in the 72 hours…
Stellantis to halt Melfi plant operations in Italy for two days
MILAN (Reuters) -Stellantis will halt operations at its Melfi plant in southern Italy on Wednesday and Thursday due to a…
Lawsuit claiming Skittles are unfit to eat is dismissed
By Jonathan Stempel (Reuters) – A California man who claimed Skittles are “unfit for human consumption” because they contained a…