Global energy trader Gunvor Group has increased its provision for an expected fine from the U.S. Department of Justice (DOJ) to $650 million, while making just over $1 billion in the first nine months of the year, two sources familiar with the matter said.
U.S. auto maker Tesla Inc should respect fundamental labour rights, including that of collective bargaining by labour unions, Norway’s $1.5 trillion sovereign wealth fund, the world’s biggest stock market investor, told Reuters on Friday.
Axel Springer is shutting down the news outlet Upday, the German publishing giant said on Friday, in plans to revive the brand as a “trend news generator” driven by artificial intelligence.
LyondellBasell said on Friday it has entered into an agreement to sell its production facility and associated business at Bayport, Texas to chemical maker INEOS Oxide for $700 million.
The last big central bank push of the year is here with the Fed, the ECB and the Bank of England among the big hitters meeting while markets try to discern if a U.S. recession is unavoidable or a distant prospect.
U.S. chip giant Nvidia will discuss cooperation deals on semiconductors with Vietnamese tech companies and authorities in a meeting on Monday in Hanoi, an invitation letter to participants seen by Reuters showed.
The angular design of Tesla’s Cybertruck has safety experts concerned that the electric pickup truck’s stiff stainless-steel exoskeleton could hurt pedestrians and cyclists.
Federal Reserve officials will look at new wage data due out Friday to confirm what many have come to suspect: That rising worker pay at this point is helping to keep the U.S. economy growing at a modest pace without fanning the inflationary pressures they are trying to squelch.
U.S. equity funds witnessed outflows for a second straight week in the seven days to Dec. 6 on some investor caution ahead of economic data which could provide more insights about the Federal Reserve’s interest rate trajectory.
