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Analysis-Ford, VW Pop The Automated-Vehicle Bubble With Argo AI Exit

Oct 28, 2022 12:27 AM

3 mins read

As Ford, General Motors Co and other companies began to realize they would need to step up investment over a longer period of time, "it was never clear what the financial returns were going to be" on automated vehicles, Evangelos Simoudis, an investor, author and corporate adviser

Indian Hotel Company Installs 224 EV Chargers Across Its 90+ Properties In India

By Seshan Vijayraghvan

Oct 28, 2022 12:23 AM

IHCL, which currently has 92 hotels and resorts across India, says the initiative is part of ‘Paathya’ the company’s ESG+ framework to drive its sustainability and social impact measures.

Oil Prices Ease On Chinese Demand Data, Stronger Dollar

By Reuters

Oct 28, 2022 12:21 AM

Brent crude futures for December delivery settled at $93.26 a barrel, down 24 cents, 0.3%, after rising 2% last week. U.S. West Texas Intermediate crude lost $84.58 a barrel, losing 47 cents, 0.6%. Both benchmarks had fallen by $2 a barrel earlier in the session.

Nigeria Orders Final Seizure Of houses, Cars Of Former Oil Minister

By Reuters

Oct 28, 2022 12:15 AM

Alison-Madueke was a key figure in the administration of former President Goodluck Jonathan who served as petroleum minister from 2010 to 2015. She has been dogged by corruption allegations since she left office but denies the charges.

Oil Rises On Strong Crude Demand, Despite China Fears

By Reuters

Oct 28, 2022 12:04 AM

Figures on Wednesday showed record U.S. crude exports, a hopeful sign for demand, even as crude stocks rose. The U.S. dollar weakened in early trade on hopes that interest-rate hikes may become less aggressive.

Western Officials Finalizing Plans For Russia Oil-Price Cap

By Reuters

Oct 27, 2022 11:59 PM

Officials said no price range has been decided yet, however one person familiar with the process said the cap will be determined in line with the historical average of $63-64 a barrel - a level that could form a natural upper limit.