GDANSK (Reuters) – Poland’s competition watchdog has accused e-commerce giant Amazon’s European arm of misleading sales and delivery practices, the…
Oil dives $3 after U.S. EIA reports big builds in U.S. crude, fuel stocks
By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday after sliding more than $3 a barrel in the session…
Stocks rise, dollar falls after Fed hikes as expected
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose and the U.S. dollar and Treasury yields…
EV maker Rivian to cut 6% of jobs amid price war -internal memo
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – Rivian Automotive is laying off 6% of its workforce in…
As Tesla ignites an EV price war, suppliers brace for Musk seeking givebacks
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc suppliers are bracing for pressure from Chief Executive Elon Musk and…
Explainer-Why the U.S. Inflation Reduction Act has rattled Europe
BRUSSELS (Reuters) – The European Commission presented its Green Deal Industrial Plan on Wednesday in response to the U.S. Inflation…
Zara starts charging for clothing returns from home in Spain
MADRID (Reuters) – Fashion giant Zara has started charging shoppers in Spain for returns of online purchases, the company announced…
Airbus and Qatar Airways settle A350 dispute
PARIS (Reuters) – Airbus and Qatar Airways have settled a dispute over the degraded surface of grounded A350 jets, Airbus…
Mexico reaches deal with airlines on cargo transfer to new airport, president says
MEXICO CITY (Reuters) – The Mexican government and some airlines have reached an agreement to move cargo operations to a…
Wolfspeed to build $3-billion EV chip plant in Germany, subsidy approval expected in months
By Andreas Rinke, Victoria Waldersee and Ilona Wissenbach BERLIN/FRANKFURT (Reuters) -U.S. chipmaker Wolfspeed will build a $3-billion chip plant and…