GlobalFoundries boosts investment plans to $16 billion, with research focus
By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Chip manufacturer GlobalFoundries said on Wednesday it planned to increase…
Tesla’s China-made EV sales fall 15% y/y in May
BEIJING (Reuters) -A decline in Tesla’s China-made electric vehicle sales extended to an eighth month in May, as the U.S….
Russia urges US and UK to restrain Ukraine after attacks on bombers
By Guy Faulconbridge and Dmitry Antonov MOSCOW (Reuters) -Moscow said on Wednesday that military options were “on the table” for…
Trump defeats Democrats’ lawsuit over election commission independence
By Jonathan Stempel (Reuters) -A Washington, D.C. judge has dismissed the Democratic Party’s lawsuit accusing U.S. President Donald Trump of…
US court extends deadline for improved bids in Citgo parent’s auction
HOUSTON (Reuters) – A Delaware judge has extended a deadline to submit improved bids in a court-organized auction of shares…
Exclusive-Car makers warn China’s rare-earth curbs could halt production
By David Shepardson and Michael Martina WASHINGTON (Reuters) -Global auto executives are sounding the alarm on an impending shortage of…
Enterprise Products says its China exports could fall due to license requirement
HOUSTON (Reuters) -Enterprise Products Partners on Thursday said its ethane and butane exports could be hurt by a U.S. Department…
Trump says automakers, Tesla must build cars, parts in US
(Reuters) -Automakers in the United States, including Tesla, must build entire vehicles including all their parts in the country instead…
Xiaomi’s Tesla Y rival YU7 hits showrooms in Beijing
By Qiaoyi Li and Alessandro Diviggiano BEIJING (Reuters) -Xiaomi rolled out its new sports utility vehicle in Beijing on Thursday,…
Trump’s tariff tally: $34 billion and counting, global companies say
By Sayantani Ghosh, David Gaffen, Arpan Varghese SAN FRANCISCO/NEW YORK/BENGALURU (Reuters) -President Donald Trump’s trade war has cost companies more…