Exclusive: After pressure from Toyota chief, Japan emphasized support for hybrids

Exclusive: After pressure from Toyota chief, Japan emphasized support for hybrids

TOKYO, June 24 (Reuters) – Toyota Motor Corp’s (7203.T) chief lobbied the Japanese government to make clear it supported hybrid vehicles as much as battery electrics or face losing the auto industry’s support, a senior lawmaker told a ruling party meeting. The lobbying by Akio Toyoda, president of Toyota and chairman of the Japan Automobile … Read more

Toyota recalls first mass-produced EVs less than 2 months after launch

Toyota recalls first mass-produced EVs less than 2 months after launch

2023 Toyota bZ4X all-electric SUV is displayed during the 2021 LA Auto Show in Los Angeles, California, US November, 17, 2021. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register TOKYO, June 23 (Reuters) – Toyota Motor Corp (7203.T) said on Thursday it would recall 2,700 of its first mass-produced electric vehicles (EVs) … Read more

Wall Street puts floor under stocks, crude steadies

Wall Street puts floor under stocks, crude steadies

US stock index futures turn higher Crude oil recoups losses US Treasury yields remain weaker Fed’s Powell to give second day testimony Copper hits 16-month low as cyclicals hit LONDON, June 23 (Reuters) – Prospects for a firm start on Wall Street helped European shares claw back from a new low for the year on … Read more

Exclusive: Inside the hangar at the center of the $1 billion Airbus-Qatar jet dispute

Exclusive: Inside the hangar at the center of the $1 billion Airbus-Qatar jet dispute

DOHA, June 22 (Reuters) – Two high-tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf, hobbled by an international legal dispute between European industrial giant Airbus (AIR.PA) and Qatar’s national carrier. From a distance, the planes might seem like any other long-haul jetliners crowding … Read more

Stock rally fizzles on revived inflation fears

Stock rally fizzles on revived inflation fears

Employees of the foreign exchange trading company Gaitame.com work in front of monitors showing the Japanese yen exchange rate against the US dollar, the euro and Nikkei share average at its dealing room in Tokyo, Japan June 22, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register TOKYO, June 22 (Reuters) – … Read more

Anticipating US downturn, Elon Musk details Tesla staff cuts

Anticipating US downturn, Elon Musk details Tesla staff cuts

DOHA, June 21 (Reuters) – Elon Musk, CEO of Tesla (TSLA.O), said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a US recession was more likely than not. His remarks were his most detailed explanation of job cut plans and his … Read more

Wall Street set for bounceback but recession risk keeps investors cautious

Wall Street set for bounceback but recession risk keeps investors cautious

LONDON, June 21 (Reuters) – Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, … Read more

Crypto’s latest meltdown leaves punters bruised and bewildered

Crypto's latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who … Read more

Stocks stage small bounce as investors weigh cenbanks’ next moves

Stock markets jolted by Musk's economy and jobs warning

LONDON, June 20 (Reuters) – Stock markets chalked up modest gains on Monday after last week’s hefty losses as investors braced for a host of US Federal Reserve speakers this week, where they could underline a commitment to fight inflation whatever rate pain required. Trading was thinned by a US holiday. The euro was little … Read more

Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

A Tesla logo is seen at a Tesla showroom in Shanghai, China January 7, 2019. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 20 (Reuters) – Tesla (TSLA.O) cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for … Read more