September2022
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Investors further unloaded equities in Asia on Thursday
Sep 1, 2022Investors further unloaded equities in Asia on Thursday as they girded themselves for more interest rate hikes aimed at quelling runaway inflation, with some analysts warning that markets could retest the lows touched in June. Data... -
The Dollar hit a 24-year high of 139.69 against the yen in early Asia trade
Sep 1, 2022The dollar rose broadly on Thursday, particularly against the yen, as investors braced for higher U.S. interest rates while expecting anchored Japanese rates to go nowhere anytime soon. The greenback hit a 24-year high of 139.69... -
Self-driving delivery truck startup Gatik to deploy its Class 6 box trucks for Pitney Bowes in Dallas
Sep 1, 2022Self-driving delivery truck startup Gatik will deploy its Class 6 box trucks for global shipping and mailing firm Pitney Bowes’ (PBI.N) ecommerce deliveries in Dallas, Texas, the companies said on Wednesday. The rollout, expected to start... -
Italian oil company Eni’s computer networks hacked in recent days
Sep 1, 2022Italian oil company Eni’s computer networks were hacked in recent days but the consequences appear to be minor so far, the company said on Wednesday. “The internal protection systems have detected unauthorized access to the corporate... -
General Motors and LG Energy Solution’s joint venture battery production plant in Ohio begin production
Sep 1, 2022A General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production. The 2.8-million square foot Ultium Cells LLC plant is the first of at least four plants planned... -
Bosch Group to invest more than $200 million to produce fuel cell stacks in its South Carolina facility
Sep 1, 2022Bosch Group said on Wednesday it will invest more than $200 million to produce fuel cell stacks in its South Carolina facility, as the German auto supplier accelerates its transition to electrification. The technology firm will... -
Toyota to boost its planned investment in a new U.S. battery plant from $1.29 billion to $3.8 billion
Sep 1, 2022Toyota Motor Corp will boost its planned investment in a new U.S. battery plant from $1.29 billion to $3.8 billion, partly in response to rising consumer demand for electric vehicles, the company said on Wednesday. Battery... -
Russia completely halted gas supplies to Europe via a major pipeline
Sep 1, 2022Russia has completely halted gas supplies to Europe via a major pipeline, saying repairs are needed. The Russian state-owned energy giant, Gazprom, said the restrictions on the Nord Stream 1 pipeline would last for the next... -
John Lewis and Waitrose to offer staff free food from October to January to help with the living cost
Sep 1, 2022John Lewis and Waitrose are offering staff free food from October to January to help with the cost of living. The meals, during work hours, are for permanent staff, known as partners, as well as temporary... -
Indian multi-billionaire Mukesh Ambani announced a $25bn plan to launch 5G in India
Sep 1, 2022Indian multi-billionaire Mukesh Ambani has announced a $25bn (£21.3bn) plan to launch 5G mobile internet services in the country within two months. Mr Ambani, who heads the telecoms-to-retail group Reliance Industries, says the high-speed network will...
