Author Archives: Syndicated Content
GM’s EV truck customers must wait for Tesla-compatible charge ports
By Paul Lienert (Reuters) - General Motors does not expect to put Tesla-compatible charging ports on its new Chevrolet Silverado EV pickups before model year 2025, it said on Monday. The U.S. automake...
Jun 26, 2023
Elton John’s Glastonbury triumph attracts 7.3 TV million viewers
GLASTONBURY, England (Reuters) - Elton John's masterclass in big-stage entertainment at Glastonbury on Sunday pulled in 7.3 million television viewers for a show packed with hits like "Tiny Dancer", "...
Jun 26, 2023
Chipmaker Wolfspeed secures $1.25 billion in debt funding from Apollo Global
(Reuters) - Wolfspeed said on Monday that a group led by Apollo Global Management would make a debt investment of $1.25 billion in the chipmaker, with room for an additional $750 million, to support i...
Jun 26, 2023
Explainer-Turkey keeps Sweden waiting on NATO membership as key summit nears
STOCKHOLM (Reuters) - Sweden's path to NATO membership remains blocked by Turkey and Hungary ahead of a July summit in Vilnius where it hopes to join Nordic neighbour Finland as a full member of the a...
Jun 26, 2023
Bank of England to take Bank Rate to 5.50% over next two meetings: Reuters Poll
By Jonathan Cable LONDON (Reuters) - The Bank of England will raise borrowing costs 50 basis points higher than was thought only two weeks ago, in two quarter-point moves, as elevated inflation proves...
Jun 26, 2023
Portuguese police burn 6 tonnes of drugs as illicit trade surges
By Catarina Demony and Miguel Pereira LISBON (Reuters) - Portuguese police on Monday burned six tonnes of cocaine, hashish and other substances to mark the United Nations' international day against dr...
Jun 26, 2023
Analysis-Fever over BlackRock’s bitcoin fund faces chill of rate hikes and regulations
By Elizabeth Howcroft LONDON (Reuters) - BlackRock's plans for a bitcoin fund have helped push the world's largest cryptocurrency to its highest in a year, but rising interest rates and a regulatory c...
Jun 26, 2023
Pakistan cenbank raises key policy rate to 22% – statement
ISLAMABAD (Reuters) - Pakistan's central bank raised its key rate by 100 basis points to 22% in an emergency meeting on Monday, it said in a statement. The meeting came a day after the country passed ...
Jun 26, 2023
Special Report-US, Swedish prosecutors study graft complaint naming son of Turkey’s Erdogan
By David Gauthier-Villars (Reuters) - Anti-corruption authorities in the United States and Sweden are reviewing a complaint alleging that the Swedish affiliate of a U.S. company pledged to pay tens of...
Jun 26, 2023
Prologis to buy industrial properties from Blackstone for $3.1 billion
(Reuters) -Prologis Inc said on Monday it has agreed to buy 14 million square feet of industrial properties from real estate funds affiliated with Blackstone for $3.1 billion in an all-cash deal. The ...
Jun 26, 2023
