BUSINESS

Energy crisis to dominate EU chief's annual speech

Rio Tinto Ltd said on Wednesday it would team up with its biggest customer China Baowu Steel Group to develop an iron ore project in Western Australia for $2 billion as it looks to prop up its production from the Pilbara region.

Japan's core machinery orders extended gains in July, raising hopes business growth spending may offset near-term headwinds from a global economic slowdown and a weaker yen, which has pushed up costs at home.

Oil prices inched higher in early trade on Monday as OPEC stuck to forecasts for robust global fuel demand growth, offsetting concerns of another U.S.

General Motors' autonomous driving unit Cruise has developed its own chips for self-driving cars to be deployed by 2025, as they aim to bring down costs and scale up volume, executives said Tuesday.

Business confidence of Japanese manufacturers retreated in September from a seven-month high, while service firms' sentiment fell to a five-month low, as unyielding cost pressures hit the corporate sector, the Reuters Tankan poll showed.

Mexico's oil regulator and state company Pemex are at odds over how to develop a deepwater natural gas project, eight people close to the matter said, threatening to stall a $1.5 billion energy venture.

Stocks plummeted Tuesday after the August consumer index report showed higher-than-expected inflation.

US says Russia has sent $300 mln to meddle in elections

Tesla will go to trial in February over the effectiveness of Autopilot, a key system for the electric automaker that controls steering, speed and braking.

An unexpected rise in August inflation pushed bond yields and the dollar higher on Tuesday, turning off risk on Wall Street and ending the bear market rally seen in the last four trading sessions.

Starbucks is exploring developing technology to prevent U.S.

Canadian Prime Minister Justin Trudeau announced C$4.5 billion ($3.43 billion) in measures on Tuesday intended to provide relief from high inflation to low-income families.

Ferrari unveiled on Tuesday its first SUV, the 390,000 euro ($397,000), 12-cylinder Purosangue, aimed at super-rich drivers still not ready to go all-electric.

United, American, and Delta have stopped flying to a massive number of airports since the pandemic began.

Nikola Corp founder Trevor Milton became a billionaire by lying to investors about the most important aspects of his low-emission vehicle company, a prosecutor told jurors as Milton's fraud trial began on Tuesday.

Nearly 50 Armenian soldiers killed in fierce clashes with Azerbaijan

Tuesday's CPI data revealed a slight increase in inflation for August despite hopes of a drop.

Money makes money. In the case of the five richest people in the world, this meant investing wisely to see their money grow.

French cinema giant Jean-Luc Godard dies aged 91

King Charles III's net worth now stands at $600 million.

Barbara Corcoran's former penthouse has hit the market for $2.3 million.

The Bank of England looks set to hike borrowing costs by another 50 basis points next week, although it may opt for an even bigger move, a Reuters poll found, adding to the woes of indebted households already facing a cost of living crisis.

A lawsuit accusing Mercedes-Benz of infringing on people's freedoms by exacerbating climate change was dropped by the Stuttgart district court on Tuesday but the German climate NGO behind the case said it planned to appeal.

For years, ether could barely dream of challenging its big brother bitcoin. Now, its ambitions may be becoming more realistic.

A KKR-led consortium has told Australia's Ramsay Health Care it will not improve its $14.5 billion cash-and-stock offer for the hospital operator, a move that will likely put a deal on ice.

Volunteers lead desperate bid to reach PNG quake victims

Asian stocks rally ahead of key US inflation data

Asian stocks rose on Tuesday as traders in Korea returned from holidays in a mood to catch up on a global bounce, while other markets held steady ahead of U.S.