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U.S. Probes Tesla Recall Of 2 Million Vehicles Over Autopilot, Citing Concerns

By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate. The National Highway Traffic Safety Administration (NHTSA) said it was opening an investigation after the agency identified concerns due […]
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Top deals in the global mining sector (April 25)

(Corrects APRIL 25 Factbox to show Nippon Steel-U.S Steel is a proposed deal awaiting regulatory approval, bullet point 4) (Reuters) -BHP Group has bid $38.8 billion for smaller rival Anglo American, offering a deal to forge the world’s biggest copper miner. Here is a list of some previous big-ticket deals in the mining sector: – […]
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Biogen cost cuts drive profit beat, as Alzheimer’s drug off to slow start

By Manas Mishra and Sriparna Roy (Reuters) -Biogen reported a quarterly profit that topped Wall Street estimates, helped by cost cutting, as the launch of its new Alzheimer’s disease drug remained sluggish. Sales of Alzheimer’s drug Leqembi, recorded by Japanese partner Eisai, were just $19 million for the quarter, compared to analysts’ tempered expectations of […]
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Venezuela Turns To Crypto As U.S. Sanctions Return On Oil Exports

Venezuela’s state-owned oil company, PDVSA, is turning to cryptocurrency to adapt as the United States reimposes sanctions on the country’s oil industry. What Happened: In a move to bypass potential restrictions on traditional financial channels, PDVSA is accelerating its shift towards using digital currencies, particularly Tether (CRYPTO: USDT), for crude oil and fuel exports, Reuters […]
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Wall St stocks end higher with major corporate earnings in view

By Chibuike Oguh NEW YORK (Reuters) -Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the U.S. economy’s health. The benchmark S&P 500 and the Nasdaq rebounded from a decline over the […]
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Worsening US debt outlook seen more in gold and bitcoin than in bonds

(Reuters) – Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country’s fiscal path, market observers say. The U.S. budget deficit widened to $1.7 trillion in fiscal year 2023 and is on track to […]
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Brazil’s Plans To Drill For Oil In The Amazon Hit Stiff Indigenous Resistance

By Marta Nogueira and Fabio Teixeira OIAPOQUE, Brazil (Reuters) – State-run energy firm Petrobras has hit growing resistance from Indigenous groups and government agencies to its premier exploration project, which would open the most promising part of Brazil’s northern coast to oil drilling. Environmental agency Ibama denied Petrobras a license for exploratory drilling offshore in […]
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Analysis-Wall Street wants answers from Musk on Tesla’s affordable car

By Hyunjoo Jin, Norihiko Shirouzu and Chris Kirkham (Reuters) – Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive April 5 Reuters report that Tesla had scrapped its plans for a $25,000 “Model 2” electric vehicle. “Reuters is lying,” Musk wrote in one post that day, without identifying any […]

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    U.S. Probes Tesla Recall Of 2 Million Vehicles Over Autopilot, Citing Concerns

    April 26, 2024

    By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate. The National Highway Traffic Safety Administration (NHTSA) said it was opening an investigation after the agency identified concerns due […]
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