Honda will start producing a new hydrogen fuel cell system co-developed with GM

Honda will start producing a new hydrogen fuel cell system co-developed with GM

TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it would start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and increase gradually its sales this decade, into an offer to develop its hydrogen activity. Honda will target annual sales of around 2,000 units of … Read more

Airbus and Qatar Airways settle bitter dispute over A350s

Airbus and Qatar Airways settle bitter dispute over A350s

PARIS, Feb 1 (Reuters) – Airbus (AIR.PA) and Qatar Airways have settled a dispute over grounded A350 planes, the airlines said on Wednesday, avoiding a potentially damaging lawsuit in the UK after an 18-year dispute. month that tore the lid. out of the global jet aircraft market. The “amicable and mutually acceptable settlement” ends a … Read more

Hindenburg bet against Indian Adani intrigues rival US short sellers

Hindenburg bet against Indian Adani intrigues rival US short sellers

Feb 1 (Reuters) – When Hindenburg Research disclosed a short position in Adani Group last week, some U.S. investors said they were intrigued by the actual mechanics of its trading because Indian securities rules make it difficult for foreigners to bet against companies there. Hindenburg’s bet has been lucrative so far. His allegations, which the … Read more

Adani drops $2.5bn share sale in blow to Indian tycoon

Adani drops .5bn share sale in blow to Indian tycoon

NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship company on Wednesday called off its $2.5 billion share sale in a dramatic reversal as the rout sparked by criticism from a U.S. short seller erased billions more of the value of the Indian tycoon’s shares. The withdrawal of the Adani Enterprises (ADEL.NS) stock offering marks … Read more

India increases spending in latest budget before election

India increases spending in latest budget before election

NEW DELHI, Feb 1 (Reuters) – India’s government on Wednesday unveiled a $550 billion budget for the next fiscal year which starts on April 1, with a record capital spending plan while containing the budget deficit. Prime Minister Narendra Modi’s party, which faces elections in key states this year and a national vote in 2024, … Read more

UK teachers and civil servants join biggest strikes in years on ‘Walkout Wednesday’

UK teachers and civil servants join biggest strikes in years on ‘Walkout Wednesday’

Up to 500,000 people expected to join UK strikes Government says steep pay rises will fuel inflation Schools will close, most trains will not run More strikes involving health workers planned for next week LONDON, Feb 1 (Reuters) – Up to half a million British teachers, civil servants, train drivers and university professors walked off … Read more

Gautam Adani loses Asia’s richest crown as stock rout worsens to $84bn

Gautam Adani loses Asia’s richest crown as stock rout worsens to bn

BENGALURU, Feb 1 (Reuters) – Indian tycoon Gautam Adani lost his title as Asia’s richest person on Wednesday as the rout of his conglomerate’s biggest companies worsened to $84 billion following a a report on short sellers. A Hindenburg Research report last week alleged the group’s misuse of offshore tax havens and stock manipulation, as … Read more

US seeks Tesla driver assistance documents; the company increases its investment forecast

US seeks Tesla driver assistance documents;  the company increases its investment forecast

WASHINGTON, Jan 31 (Reuters) – Tesla Inc (TSLA.O) disclosed on Tuesday that the U.S. Justice Department has requested documents related to its fully autonomous driving assistance (FSD) and Autopilot systems as regulatory scrutiny is intensifying. The automaker said in a filing that it “has received requests from the DOJ for documents related to Tesla’s Autopilot … Read more

France hit by a new wave of strikes against Macron’s pension reform

France hit by a new wave of strikes against Macron’s pension reform

The reform would raise the retirement age to 64 Schools, transport networks, refinery deliveries affected Macron: an essential reform to ensure the viability of the pension system SAINT-NAZAIRE, France, Jan 31 (Reuters) – Strikers disrupted deliveries to French refineries, public transport and schools on Tuesday in a second day of nationwide protests against President Emmanuel … Read more

Crucial sale of Adani shares 85% subscribed as institutions inject funds

Crucial sale of Adani shares 85% subscribed as institutions inject funds

MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale edged closer to full subscription on Tuesday as investors pumped in after a tumultuous week for his group in during which its shares were ravaged by a scathing report on short sellers. The secondary sale of shares in flagship Adani Enterprises (ADEL.NS) … Read more