U.S. aims to hobble China’s chip industry with sweeping new export rules

U.S. aims to hobble China’s chip industry with sweeping new export rules

Oct 7 (Reuters) – The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. tools, vastly expanding its reach in its bid to slow Beijing’s technological and military advances. The rules, some of which go … Read more

Ethiopia peace talks delayed for logistical reasons

Ethiopia peace talks delayed for logistical reasons

NAIROBI, Oct 7 (Reuters) – African Union-led peace talks proposed for this weekend to try to end a two-year-old conflict in northern Ethiopia’s Tigray region have been delayed for logistical reasons, Tigray forces and two diplomatic sources said on Friday. Ethiopia’s government and Tigray forces said on Wednesday that they accepted the AU’s invitation to … Read more

New premier in Canada’s oil-rich Alberta set to defy Trudeau

New premier in Canada’s oil-rich Alberta set to defy Trudeau

Oct 7 (Reuters) – Alberta’s incoming premier has set the stage for a showdown with Canada’s federal government and push back against federal laws which is likely to set the oil-rich province on a collision course with Prime Minister Justin Trudeau. Danielle Smith, 51, was chosen by members to lead Alberta’s ruling United Conservative Party … Read more

Credit Suisse pays down debt to calm investor fears

Credit Suisse pays down debt to calm investor fears

To buy back up to $3 billion in debt Seen as bid to reassure nervous investors Move comes weeks ahead of planned overhaul Shares up as much as 3% in early trade ZURICH, Oct 7 (Reuters) – Credit Suisse (CSGN.S) will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled … 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

London’s FTSE 100 falls for second day as Shell weighs

London’s FTSE 100 falls for second day as Shell weighs

FTSE 100 down 0.8%, FTSE 250 adds 0.4% Imperial Brands rises on share buyback plan Weaker refining, gas trading to hit Shell’s Q3 results Construction activity improves unexpectedly Oct 6 (Reuters) – UK’s FTSE 100 index fell on Thursday with Shell weighing on the commodity-heavy index after the oil major said its third-quarter profits would … Read more

India tests samples of cough syrup linked to deaths of children in Gambia

India tests samples of cough syrup linked to deaths of children in Gambia

Cough syrup made by India’s Maiden Pharma linked to 66 deaths Maiden says trying to find out from Gambia buyer what happened Maiden says not selling any product in India currently India health ministry seeks details from WHO NEW DELHI, Oct 6 (Reuters) – India said it is testing samples of cough syrups produced by … Read more

Wall Street closes lower as the Fed pounds rate hike drum

Wall Street closes lower as the Fed pounds rate hike drum

Oil prices add to inflation woes post-OPEC+ output cut U.S. weekly jobless claims increase more than expected Indexes fall: Dow down 1.15%, S&P 1.02%, Nasdaq 0.68% Oct 6 (Reuters) – Wall Street’s major indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly nonfarm payrolls numbers due on Friday that the Federal … Read more

Toyota restarts output of first EV after fixing safety issues

Toyota restarts output of first EV after fixing safety issues

TOKYO, Oct 6 (Reuters) – Toyota Motor Corp said it would restart production of its first electric vehicle, the bZ4X, on Thursday after fixing potential safety problems that had halted sales of the new battery-powered model for more than three months. Japan’s largest automaker, a laggard in the EV market, recalled 2,700 bZ4Xs globally in … Read more

Exclusive: Apollo, Sixth Street no longer in talks to finance Twitter deal

Exclusive: Apollo, Sixth Street no longer in talks to finance Twitter deal

NEW YORK, Oct 5 (Reuters) – Apollo Global Management Inc (APO.N) and Sixth Street Partners, which had been looking to provide financing for Elon Musk’s proposed $44 billion buyout of Twitter Inc (TWTR.N), are no longer in talks with the billionaire entrepreneur, said two sources familiar with the matter. Apollo had been in talks to … Read more