Auto Industry
Reuters
Dec 31, 2022, 5:24 PM
The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.
1 Min
Reuters | Dec 31, 2022Oil Slumps By Over $2/bbl, Dogged By Recession FearsOil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.2 mins read
Reuters | Dec 31, 2022Electric Vehicles Confront The Leap To The Mass MarketThe automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.3 mins read
Reuters | Dec 31, 2022Taiwan To Fine Foxconn For Unauthorised China InvestmentTaiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology.2 mins read
Reuters | Dec 31, 2022STMicro, Soitec Deepen Cooperation Over Fast-Growing Semiconductor MaterialSoitec and STMicroelectronics are deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry.1 min read
Reuters | Dec 31, 2022U.S. Urges Caution On Low-Quoted Russian Oil Prices As EU Debates Price CapThe Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.2 mins read
Reuters | Dec 31, 2022Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit GainsOil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.2 mins read
Reuters | Dec 31, 2022OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap - ReportThe OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change.2 mins read
Reuters | Dec 31, 2022Factbox - Western Governments Struggle To Agree On Russian Oil Price CapWestern governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.3 mins read
