Business News

Global automakers face electric shock in China By Reuters

2/2 © Reuters. FILE PHOTO: Volkswagen logo is pictured at the 2022 New York International Auto Show, in Manhattan, New York City, US, April 13, 2022. REUTERS/Brendan McDermid 2/2 By Norihiko Shirouzu BEIJING (Reuters) – If global automakers think they can extend their dominance in China into the electric era, they may be in for …

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Vanguard refuses to end new fossil fuel investments

The world’s second-largest asset manager Vanguard has refused to stop new investments in fossil fuel projects and end its support for coal, oil and gas production. Chief executive Tim Buckley said the group, which manages $8.1tn for more than 30mn investors and is the largest investor in coal companies Global, was determined to safeguard its …

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Twitter shareholders vote against Silver Lake’s Durban continuing in board role

Silver Lake co-chief executive Egon Durban tendered his resignation from the board of Twitter after the social media company’s shareholders on Wednesday issued a rare rebuke at a tense investor meeting. The vote against Durban’s re-election to the board came after the two biggest shareholder advisers, Institutional Shareholder Services and Glass Lewis, earlier this month …

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US Senate struggles to unite on guns after Texas massacre By Reuters

© Reuters. FILE PHOTO: Senate Majority Leader Chuck Schumer (D-NY) answers questions during the weekly news conference at the United States Capitol building in Washington, US, May 24, 2022. REUTERS/Evelyn Hockstein By David Morgan and Joey Roulette WASHINGTON (Reuters) – Democrats and Republicans in the US Senate struggled on Wednesday to agree on legislation to …

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Turkey will not be ‘rushed’ to back Nato expansion ahead of summit

Turkey will not be rushed to drop its opposition to moves by Sweden and Finland to join Nato by next month when leaders of the alliance’s member states meet for a summit in June, a senior adviser to President Recep Tayyip Erdoğan said. Turkey first expects “concrete steps” from the two Nordic states on its …

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US automated electric truck startup Solo AVT picks battery supplier ABS By Reuters

© Reuters. An artist’s rendering shows a Solo AVT’s SD1 battery-electric, long-haul truck, in this undated handout image. Courtesy of Solo AVT/Handout via REUTERS By Paul Lienert (Reuters) – Silicon Valley startup Solo Advanced Vehicle Technologies has partnered with Michigan-based American Battery Solutions (ABS) to develop battery packs for its new driverless electric heavy-duty truck, …

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Downing Street’s culture of drunken excess laid bare by report

Raucous gatherings, drunken fights, drinking to excess, red wine spilled on a wall, a broken children’s swing: the Sue Gray report paints a wild picture of life inside Downing Street when the rest of the UK was under strict lockdown rules. Gray was careful to avoid criticizing individuals in her 37-page document, instead pointing at …

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