Musk delivers first Tesla truck, but no update on output, pricing

Musk delivers first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on orders or capacity for electric truck Semi uses existing Tesla motors, to feature new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated forecasts … Read more

No alcohol sales permitted at Qatar’s World Cup stadium sites

No alcohol sales permitted at Qatar’s World Cup stadium sites

DOHA Nov 18 (Reuters) – Alcoholic beer will not be sold at Qatar’s World Cup stadiums, world soccer governing body FIFA said on Friday, a last minute reversal which raised questions among some supporters about the host country’s ability to deliver on promises to fans. The announcement comes two days before Sunday’s kickoff of the … Read more

Pub group Fuller’s confident on Christmas after London recovery drives sales

Pub group Fuller’s confident on Christmas after London recovery drives sales

Nov 17 (Reuters) – Fuller, Smith & Turner (FSTA.L) said it was confident customers would keep flocking to its pubs this Christmas despite the challenging economic environment, after tourists and commuters returned to London, driving sales higher. Many of Britain’s hospitality businesses are fighting to survive this winter as energy and staff costs rise while … Read more

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Buffett’s Berkshire discloses .1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan on Tuesday, as it boosted investor sentiment … Read more

Philip Morris clinches Swedish Match after smoking out opposition

Philip Morris clinches Swedish Match after smoking out opposition

PMI needs 90% stake for compulsory buyout of minorities PMI believes that target can eventually be reached PMI says top 10 Swedish Match investors tendered shares Nov 7 (Reuters) – Marlboro maker Philip Morris International (PMI) (PM.N) overcame some opposition to clinch 83% of Swedish Match (SWMA.ST), short of the 90% it wanted but enough … Read more

Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Musk looking to axe around half of Twitter’s workforce Employees file class action against Twitter Staff lose access to systems Volkswagen pulls ads Nov 4 (Reuters) – Twitter Inc started a major round of layoffs on Friday, alerting employees of their job status by email after barring the entrances to offices and cutting off workers’ … Read more

Glencore employees moved bribes cash by private jet, London court told

Glencore employees moved bribes cash by private jet, London court told

LONDON, Nov 2 (Reuters) – Employees and agents of a British subsidiary of mining and trading group Glencore (GLEN.L) used private jets to transfer cash to pay bribes to oil officials in West Africa, prosecutors told a London court on Wednesday. Glencore Energy UK Limited paid – or failed to prevent the payment of – … Read more

Exclusive: Tesla plans mass production start for Cybertruck at end of 2023

Exclusive: Tesla plans mass production start for Cybertruck at end of 2023

Nov 1 (Reuters) – Tesla (TSLA.O) aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk unveiled in 2019, two people with knowledge of the plans told Reuters. Tesla said last month that it was working on … Read more

Pork industry takes fight over California law to U.S. Supreme Court

Pork industry takes fight over California law to U.S. Supreme Court

Industry groups appeal ruling that backed California law At issue is Commerce Clause U.S. constitutional provision WASHINGTON, Oct 10 (Reuters) – The U.S. Supreme Court is set to hear arguments on Tuesday in an industry challenge to the constitutionality of a California animal welfare law in a case that could undermine the power of states … Read more

Musk says Pepsi to receive Tesla’s first Semi trucks in December

Musk says Pepsi to receive Tesla’s first Semi trucks in December

Oct 6 (Reuters) – Tesla Inc (TSLA.O) is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker’s chief Elon Musk tweeted on Thursday. When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he said the Class 8 truck would go … Read more