Exclusive: After pressure from Toyota chief, Japan emphasized support for hybrids

Exclusive: After pressure from Toyota chief, Japan emphasized support for hybrids

TOKYO, June 24 (Reuters) – Toyota Motor Corp’s (7203.T) chief lobbied the Japanese government to make clear it supported hybrid vehicles as much as battery electrics or face losing the auto industry’s support, a senior lawmaker told a ruling party meeting. The lobbying by Akio Toyoda, president of Toyota and chairman of the Japan Automobile … Read more

Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – US President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden … Read more

Exclusive: Inside the hangar at the center of the $1 bln Airbus-Qatar jet dispute

Exclusive: Inside the hangar at the center of the $1 bln Airbus-Qatar jet dispute

DOHA, June 22 (Reuters) – Two high-tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf, hobbled by an international legal dispute between European industrial giant Airbus (AIR.PA) and Qatar’s national carrier. From a distance, the planes might seem like any other long-haul jetliners crowding … Read more

How free-wheeling Texas became the self-driving trucking industry’s promised land

How free-wheeling Texas became the self-driving trucking industry's promised land

FORT WORTH, Texas, June 17 (Reuters) – For companies working to make self-driving trucks a near-term reality, all roads lead to Texas. Vast highways, a booming freight market and, crucially, the least restrictive laws governing autonomous vehicles (AVs) in the United States have turned Texas into the industry’s most desired location. Several companies, including Aurora … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company – sources

EXCLUSIVE China's central bank accepts Ant's application for financial holding company - sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more

Cryptoverse: The funds making money from messy markets

Cryptoverse: The funds making money from messy markets

June 14 (Reuters) – The crypto market’s a hot mess, leaving many investors struggling to turn a buck. Enter the arbitrators. Bitcoin and other cryptocurrencies have either been shackled to ranges or in decline since January, leaving your regular buy-and-hold investor with little option but to sell or to wait for the elusive rally. One … Read more

EXCLUSIVE Disney/Pixar’s ‘Lightyear,’ with same-sex couple, will not play in 14 countries; China in question

EXCLUSIVE Disney/Pixar's 'Lightyear,' with same-sex couple, will not play in 14 countries;  China in question

LOS ANGELES, June 13 (Reuters) – Walt Disney Co (DIS.N) has been unable to obtain permission to show its new Pixar movie “Lightyear” in 14 Middle Eastern and Asian countries, a source said on Monday, and the animated film appeared unlikely to open in China, the world’s largest movie market. A “Lightyear” producer told Reuters … Read more

EXCLUSIVE Beijing gives initial nod to revive Ant IPO after crackdown cools-sources

EXCLUSIVE Beijing gives initial nod to revive Ant IPO after crackdown cools-sources

Ant aims to file preliminary prospectus as soon as July-sources Ant needs CSRC’s guidance on timing of prospectus filing-source Ant says there is no plan to relaunch its IPO-statement Warburg Pincus valued Ant at $180 bln at end-March-source HONG KONG, June 9 (Reuters) – China’s central leadership has given billionaire Jack Ma’s Ant Group a … Read more

Exclusive: Musk’s Twitter deal threats put new financing on ice – sources

Exclusive: Musk's Twitter deal threats put new financing on ice - sources

June 7 (Reuters) – Elon Musk’s efforts to arrange new financing that will limit his cash contribution to his $44 billion acquisition of Twitter Inc (TWTR.N) have been put on hold because of the uncertainty surrounding the deal, people familiar with the matter said. Musk has been threatening to walk away from the deal unless … Read more

Amazon stock split may draw retail traders in tough market

Amazon stock split may draw retail traders in tough market

The logo of Amazon is seen at the company’s logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. REUTERS/Gonzalo Fuentes/Files Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 6 (Reuters) – Amazon’s (AMZN.O) stock split may provide some solace to shareholders who have seen the e-commerce giant’s shares battered this … Read more