Exclusive: Toyota scrambles to restart EVs with eye on Tesla

Oct 24 (Reuters) – Toyota (7203.T) plans to restart its electric car strategy to better compete in a booming market it has been slow to break into and has halted some work on existing electric vehicle projects , four people with knowledge of the plans still in development said. The proposals under consideration, if passed, … Read more

Biden and Xi to meet ahead of G20, Musk addresses business forum by candlelight

NUSA DUA, Indonesia, Nov 14 (Reuters) – Chinese leader Xi Jinping will arrive on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden ahead of the tension-laden Group of 20 (G20) summit about Russia’s invasion of Ukraine. The two leaders are expected to discuss the nuclear ambitions of … Read more

Yellen to tout Biden’s tech investments in Virginia business incubator

WASHINGTON, Oct 19 (Reuters) – U.S. Treasury Secretary Janet Yellen is expected to resume her campaign to promote President Joe Biden’s economic initiatives on Friday, visiting a Virginia business incubator to tout U.S. investments in research, semiconductors, clean energy and other technologies. Treasury said Yellen would deliver a speech and meet with entrepreneurs from the … Read more

Nissan suffers a loss of 687 million dollars by selling its Russian activities for 1 euro

Sale to the Russian public entity NAMI Nissan has the right to buy back business within six years Renault sees its H2 net profit hit by 331 million euros following its move TOKYO, Oct 11 (Reuters) – Nissan Motor Co Ltd (7201.T) will sell its Russia business to a state-owned entity for 1 euro ($0.97), … Read more

German business leaders clash with Berlin over China policy

Berlin aims to reshape its policy to reduce its reliance on China Industry lobbying against China business restrictions German investment and trade with China hit record high Big companies wind down Chinese operations by going local BERLIN, Oct 13 (Reuters) – When German business leaders learned last month of an economy ministry proposal to screen … Read more