TOKYO (Reuters) – Mitsubishi Motors Corp plans for hybrid and battery electric vehicles to account for all new car sales by the middle of the next decade, beefing up its electrification strategy for staying competitive in key markets. Mitsubishi, which is also a junior partner in an alliance with France’s Renault SA and Nissan Motor …
Mitsubishi Motors to sell only EVs, hybrids by mid-2030s Read More »
By Samuel Shen, Kane Wu and Roxanne Liu SHANGHAI/HONG KONG (Reuters) -Stunned by the sudden collapse of Silicon Valley Bank, the main go-to foreign bank for the majority of Chinese start-ups, entrepreneurs and venture funds are scrambling for alternatives despite U.S. regulators averting a banking crisis by guaranteeing all deposits of the troubled bank. Chinese …
Chinese start-ups scramble for alternatives to SVB Read More »
By Federico Maccioni ROME (Reuters) -Seventeen migrants rescued after the latest deadly shipwreck in the Mediterranean were brought ashore by the Italian authorities on Monday as Italy faced criticism for its response to the crisis. Those rescued were taken to the Sicilian town of Pozzallo, Italian newswire ANSA reported, and said they were all originally …
Survivors of Libya shipwreck brought ashore in Italy Read More »
By Trevor Hunnicutt, Alun John and Rae Wee (Reuters) – Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take action to ensure the safety of the U.S. banking system after the sudden collapse of Silicon Valley Bank and Signature Bank. Biden’s efforts to reassure markets and depositors came …
Biden pledges ‘whatever needed’ for U.S. bank system as SVB meltdown roils markets Read More »
By David Carnevali NEW YORK (Reuters) – Sliding bank shares dragged Wall Street down on Monday with investors worried about contagion from the Silicon Valley Bank collapse, but trade was choppy and the Nasdaq composite actually ended higher as some sectors benefited from hopes the Federal Reserve could ease up on interest rates hikes. SVB …
Sliding bank shares drag Wall Street down in choppy trade Read More »
By Frank Phiri and Manuel Mucari BLANTYRE, Malawi/MAPUTO (Reuters) -Mozambique and Malawi on Monday were counting the cost of Tropical Storm Freddy, which killed more than 100 people, injured scores and left a trail of destruction as it ripped through southern Africa for the second time in a month over the weekend. Freddy is one …
Storm Freddy kills more than 100 on return to Mozambique, Malawi Read More »
By Chris Prentice and Nell Mackenzie NEW YORK/LONDON (Reuters) – Global bank shares and short-dated U.S. Treasury yields plunged on Monday as concerns over fallout from the collapse of Silicon Valley Bank lingered despite action from regulators. The U.S. dollar also fell. Gold and silver prices rallied on safe-haven buying. [GOL/] Bond markets saw a …
Bank shares plunge on contagion fears; precious metals rally Read More »
By Farouq Suleiman, Natalie Thomas and Hannah McKay LONDON (Reuters) – Fed up with a government he says doesn’t care, Poh Wang plans to go on strike with tens of thousands of other British junior doctors next week, saying he is overworked, underpaid and burdened with a student loan he cannot imagine paying off. The …
Britain’s junior doctors prepare to strike over pay, burnout Read More »
JOHANNESBURG (Reuters) -The South African Labour Appeal Court on Monday ordered striking state healthcare workers to end a week-long walkout that has affected services in some of the country’s major hospitals, the health department said. National Education, Health and Allied Workers’ Union (NEHAWU) members went on strike last week after wage talks with the government …
South African court orders striking healthcare workers to end walkout Read More »
By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) -The dollar weakened on Monday as markets bet the Federal Reserve will slow if not halt its raising of interest rates to curb inflation after U.S. authorities moved to limit the fallout from the sudden collapse of Silicon Valley Bank. President Joe Biden said the administration’s …
Dollar slides as Fed rate hike outlook tumbles after SVB collapse Read More »
