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Auto · 30 Jul 2022
Elon Musk Files Countersuit Under Seal vs Twitter Over $44 Billion Deal
Musk’s lawsuit was filed hours after Chancellor Kathaleen McCormick of the Delaware Court of Chancery ordered a five-day trial beginning Oct. 17 to determine if Musk can walk…
Auto · 30 Jul 2022
Oil Up Over $2/bbl As Hopes Fade For OPEC+ Supply Boost
Brent crude futures contract for September settled at $110.01 a barrel while U.S. West Texas Intermediate (WTI) crude futures settled at $98.62 a barrel.
Auto · 30 Jul 2022
Brembo Open To Further Investment In Chinese JV As H1 Profit Tops Forecast
Brembo could consider expanding its investment in a newly announced joint venture in China with Gold Phoenix, its executive chairman told Reuters after the Italian brakes maker posted…
Auto · 30 Jul 2022
Google Maps Launches Street View In India After 11-Year Wait
Alphabet Inc’s Google Maps launched its panoramic Street View service in 10 Indian cities in partnership with Tech Mahindra and Genesys, 11 years after a first attempt ran…
Auto · 30 Jul 2022
G7 Aim To Have Price Cap On Russian Oil In Place Before Dec 5
The Group of Seven richest economies aim to have a price-capping mechanism on Russian oil exports in place by Dec. 5, when European Union sanctions banning seaborne imports…
Auto · 30 Jul 2022
Indian Oil Posts First Loss In Over 2 Years As Marketing Margins Fall
Indian Oil Corp Ltd reported a quarterly net loss for the first time in more than two years, as the country’s top refiner sold fuel at a discount…
Auto · 30 Jul 2022
France’s Macron: Underlined Importance Of Diversifying Energy Supplies In Talks With Saudi Crown Prince
French President Emmanuel Macron underlined the importance of having a diverse source of energy supplies during his talks this week with Saudi Crown Prince Mohammed bin Salman, said…
Auto · 30 Jul 2022
Analysis-EU Gas Solidarity Complicated By Lack Of Fuel Sharing Deals
The European Union clinched a deal recently to cope with a gas supply crisis, but to make it work member states need to establish bilateral pacts to share…
Auto · 30 Jul 2022
Poland Wants Right To Block EU Plan To Reduce Gas Demand, PM Says
European Union countries bracing for further cuts in Russian gas supplies approved a weakened emergency plan to curb demand, after striking compromise deals to limit consumption reductions for…
Auto · 30 Jul 2022
Toyota Supplier Denso’s Q1 Profit Tumbles 41%, Misses View
Japan’s Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans.