Updated

Shanghai frenzy fuels alumina’s record-breaking rally: Andy Home

By Andy Home LONDON (Reuters) -Alumina prices have soared to record highs this week, compressing margins at the world’s aluminium smelters which convert the intermediate product into metal.  The London Metal Exchange (LME) cash price, indexed to Platts benchmark Australian alumina assessment, closed Wednesday at $633.35 per metric ton, lifting the ratio to the aluminium …

Shanghai frenzy fuels alumina’s record-breaking rally: Andy Home Read More »

US probes Tesla’s Full Self-Driving software in 2.4 million cars after fatal crash

By David Shepardson and Akash Sriram WASHINGTON (Reuters) -The U.S. auto safety regulator on Friday opened an investigation into 2.4 million Tesla vehicles equipped with the automaker’s Full Self-Driving (FSD) software after four reported collisions, including a 2023 fatal crash. The National Highway Traffic Safety Administration’s (NHTSA) preliminary evaluation is the first step before the …

US probes Tesla’s Full Self-Driving software in 2.4 million cars after fatal crash Read More »

US single-family homebuilding hits five-month high, but trend remains soft

By Lucia Mutikani WASHINGTON (Reuters) -U.S. single-family homebuilding surged to a five-month high in September, but permits for future construction rose only marginally amid excess supply of new homes on the market and prospective buyers holding out for lower mortgage rates. Despite the second straight monthly increase in single-family housing starts, economists expected that residential …

US single-family homebuilding hits five-month high, but trend remains soft Read More »

Hamas leader’s death creates chance for ceasefire, US defense secretary says

By Phil Stewart and Sabine Siebold BRUSSELS (Reuters) -The United States doubled down on Friday on calls for a ceasefire in Gaza and the release of hostages following the death of Hamas’ leader Yahya Sinwar, even as Israel and its enemies Hamas and Hezbollah vowed to keep fighting in Gaza and Lebanon. U.S. Defense Secretary …

Hamas leader’s death creates chance for ceasefire, US defense secretary says Read More »

UK’s Reeves set to prolong freeze on income tax thresholds, FT reports

LONDON (Reuters) -British finance minister Rachel Reeves is expected to prolong a freeze on income tax thresholds beyond 2028 in the government’s upcoming budget, in a move that could raise 7 billion pounds ($9.1 billion) a year, the Financial Times reported on Friday. Prime Minister Keir Starmer promised voters before last July’s election that he …

UK’s Reeves set to prolong freeze on income tax thresholds, FT reports Read More »

Mpox vaccine rollout in Congo slower than expected, health official says

By Djaffar Al Katanty KIBATI, Democratic Republic of Congo (Reuters) – Congo needs to do more to raise awareness about mpox and the availability of vaccines, an official with the response team said on Thursday, warning the campaign to distribute the shots would take longer than anticipated Congo’s mpox vaccination campaign launched this month in …

Mpox vaccine rollout in Congo slower than expected, health official says Read More »

India’s JSW Steel to acquire thyssenkrupp Electrical Steel India via JV

(Reuters) – Indian steel producer JSW Steel said on Friday its joint venture firm entered into a deal to buy thyssenkrupp Electrical Steel India for $482.1 million. Jsquare Electrical Steel Nashik is a 50:50 joint venture between JSW Steel and Japanese steel producer JFE Steel Corp. Thyssenkrupp Electrical Steel – the Indian unit of German …

India’s JSW Steel to acquire thyssenkrupp Electrical Steel India via JV Read More »

Spirit Aero to furlough 700 workers for 21 days due to Boeing strike

By Allison Lampert and Mike Stone (Reuters) -Spirit AeroSystems told employees on Friday that it will furlough 700 workers for 21 days as an over one-month-long strike at U.S. planemaker Boeing eats into the supplier’s cash and inventory space. The furloughs, first reported by Reuters, will affect Spirit Aero employees working on Boeing’s 767 and …

Spirit Aero to furlough 700 workers for 21 days due to Boeing strike Read More »