CEO controls the start-up of Rivian electric trucks through the twilight zone of the supply chain

NORMAL, Ill., April 18 (Reuters) – Rivian Automotive Inc (RIVN.O) CEO, RJ Scaringe, has to sell many more electric vans and pickup trucks to boost a beaten stock price and fund his ambitious long-term growth plans, but the startup is having trouble buying the parts to build them. Scaringe can’t get all the semiconductors Rivian … Read more

Shanghai factories are booming towards reopening as the city aims to facilitate the closure

SHANGHAI, April 18 (Reuters) – Manufacturers including Tesla (TSLA.O) on Monday began preparations to reopen their Shanghai factories as China’s most populous city accelerates efforts to return to normal after a nearly three-week COVID shutdown. Still, most workers will have to live on site, and there was no immediate word on how factories will deal … Read more

Shanghai aims for a turning point for lockdown by Wednesday

SHANGHAI, April 17 (Reuters) – Shanghai has set a target to stop the spread of COVID-19 outside quarantine areas by Wednesday, said two people familiar with the matter, which will allow the city to further ease its shutdown and begin to return to normal life as public frustrations grow. The goal will require officials to … Read more

Kim Jong Un observes weapons tests to improve nuclear capabilities

SEOUL, April 17 (Reuters) – North Korean leader Kim Jong Un has observed the test firing of a new type of tactically controlled weapon aimed at increasing the country’s nuclear capabilities, the North Korean state news agency KCNA reported on Sunday. The report comes amid signs that North Korea may soon resume nuclear tests, according … Read more

US banks build up reserves on inflation risk, Russia; acts a bright spot

WASHINGTON, April 14 (Reuters) – Some major US banks have again started raising cash to mitigate potential loan losses due to growing concerns over the war in Ukraine and the impact of inflation on the US economy, although trade remains a bright spot for Wall Street . JPMorgan Chase & Co (JPM.N), Goldman Sachs Group … Read more

Bird flu, Ukraine war pushes up egg prices worldwide

CHICAGO / PARIS, April 14 (Reuters) – Severe outbreaks of bird flu in the US and France are tightening global egg supplies and raising food prices as the war in Ukraine disrupts shipments to Europe and the Middle East. Higher prices are especially painful for consumers who rely on eggs as a cheap source of … Read more

The United States can not take lightly the threat, Russia can use nuclear weapons – CIA chief

CIA Director William Burns Speaks at a House Intelligence Committee Hearing on Worldwide Threats in Washington, DC, USA, April 15, 2021. Tasos Katopodis / Pool via REUTERS / File Photo Sign up now for FREE unlimited access to Reuters.com Sign up WASHINGTON, April 14 (Reuters) – The threat that Russia potentially uses tactical or low-key … Read more

Russia warns against the deployment of nuclear weapons if Sweden and Finland join NATO

Deputy Chairman of the Russian Security Council Dmitry Medvedev delivers a speech during a meeting with members of the Security Council in Moscow, Russia February 21, 2022. Sputnik / Alexey Nikolsky / Kremlin via REUTERS Sign up now for FREE unlimited access to Reuters.com Sign up Russia warns against deployment of nuclear weapons Says Iskander … Read more

Exclusive: Russian companies, global banks could reap unexpectedly from delisting of depository receipts

A photo illustration shows US dollar and Russian ruble notes in Sarajevo, March 9, 2015. REUTERS / Dado Ruvic / File Photo Sign up now for FREE unlimited access to Reuters.com Sign up WASHINGTON / NEW YORK, April 14 (Reuters) – Russian companies and global banks, including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan could … Read more

Russia says the explosion paralyzes the Black Sea flagship, Ukraine claims missile attack

Moscow missile cruises damaged after ammunition exploded A Ukrainian official says the vessel was hit by missiles Zelenskiy warns of new Russian offensives to avenge defeat Ukraine’s Deputy Prime Minister says agreement to open humanitarian corridors KYIV / LVIV, Ukraine, April 14 (Reuters) – (Please note the language that some readers may find offensive in … Read more