Brazil's Petrobras cuts jet fuel prices by 1.3% in key markets

Reuters
Modi's govt calls on Indian state to look into Reuters report on Foxconn hiring
Indian Prime Minister Narendra Modi's government on Wednesday said it has asked the Tamil Nadu state to submit a "detailed report" after a Reuters story revealed that Apple supplier Foxconn rejected married women from iPhone assembly jobs in the country. In a statement calling for the probe, the federal government's Ministry of Labour and Employment cited the Equal Remuneration Act of 1976, saying the law "clearly stipulates that no discrimination (is) to be made while recruiting men and women workers." The ministry said it has requested a detailed report from the Labour Department of Tamil Nadu, site of a major iPhone factory where Reuters uncovered Foxconn’s practice of shunning married women from jobs.
MediaOutReach
Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space
SINGAPORE - Media OutReach Newswire - 27 June 2024 - Chinese tech giant Tencent has consolidated its Singapore office, relocating from 30 Raffles Place to a new flexible working space managed by The Work Project (TWP) at CapitaSky — a 29-storey tower in the Central Business District (CBD). Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space New Singapore Office Consolidates Tencent Workforce in Prime CBD Location The move, completed in the first week of June 2024 f
Reuters
Potential China action against EU pork may be double-edged sword for Brazil
China's potential imposition of anti-dumping measures on European Union pork imports, a disastrous scenario for the bloc, could benefit Brazil's exporters but also affect the country's ability to compete elsewhere, analysts and industry sources said. Chinese companies have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media have reported. The potential for additional demand from China as a consequence of any anti-dumping measures is welcome for Brazilian exporters.
Reuters
Exclusive-Firm making car that Putin gifted to Kim uses South Korean parts, data shows
Laughing and joking, Russian President Vladimir Putin and North Korean leader Kim Jong-un cruised around Pyongyang last week in a Russian-made Aurus limousine to showcase their strengthened anti-Western alliance. The luxury sedan was intended to epitomize Russia's domestic prowess and reduced dependence on imported technology and goods when unveiled in 2018. But customs records show that the company that builds it uses millions of dollars in imported parts, many arriving in Russia from what Kim has described as his country's "primary foe", South Korea.
AFP News
Western tariffs a 'challenge' for China's battery giant CATL
An executive from China's battery giant CATL said on Thursday that Western tariffs tied to electric vehicles present a "challenge" for the firm, and are bad for customers too.Many of the vehicles affected by tariffs are fitted with batteries from CATL, which is aiming to ramp up its operations in Europe next year.
Reuters
Elon Musk won $56 billion payday because of vote, Tesla argues in court
Tesla is claiming Elon Musk won his legal battle over his $56 billion pay package because shareholders voted for the compensation, despite a judge rescinding it earlier this year, according to a court filing made public on Thursday. The company's filing comes two weeks after Tesla shareholders voted to ratify the 2018 package of stock options. Tesla held the vote following a January ruling by a Delaware judge to void the compensation because Musk improperly controlled the negotiation process and the company misled shareholders about key details.
AFP News
Two employees leave Adidas amid China graft probe
Adidas said Wednesday two employees had left the company as the German sportswear giant investigates bribery allegations in China.As a result, both employees have left the company."
The Edge Singapore
Prudential Singapore to get new CEO in September
Chan San San is appointed CEO of Prudential SIngapore, reporting to Dennis Tan, MD of Strategic Business Group, a regional role
CoinDesk
Bitcoin Miner Marathon Mined $15M Worth Kaspa Tokens to Diversify Revenue
The miner has mined 93 million worth of KAS tokens since Sept. 2023.
Reuters
Silicon Box picks Piedmont region for its Italian $3.4 billion chip plant
Singapore-based semiconductor firm Silicon Box has picked the town of Novara, in the industrialised northwestern region of Piedmont, for its new multi billion-euro chip factory in Italy, the industry ministry said on Friday. "Silicon Box offers Piedmont the opportunity to become a semiconductor hub," Industry Minister Adolfo Urso told reporters.
SmartAsset
What Will a $3 Million Dollar Retirement Look Like?
To some people, $3 million will sound like a lot. You probably think $3 million is enough to retire if you're among that crowd. But retiring with $3 million at 65 can last depending on your longevity, lifestyle and other … Continue reading → The post Is $3 Million Enough to Retire at 65? appeared first on SmartAsset Blog.
GOBankingRates
6 Ways To Build Wealth After Getting Laid Off — That Don’t Include a New Job
Layoffs are a fact of life in the modern economy -- even when the economy is growing and unemployment is low, like now. The list of companies that have announced layoffs this year alone reads like a...
Reuters
Factbox-Companies forging a rare earths industry in the EU
In the rare earths sector, the EU will struggle to meet most of its ambitious goals in new legislation designed to boost domestic output of critical minerals and reduce dependence on China. Below are some key companies working on rare earths, with production figures in metric tons per year. Neodymium and praseodymium (referred to in the industry by their joint elemental abbreviation, NdPr) are key rare earths needed to make permanent magnets.
Reuters
Zeekr's sales jump as Chinese dominate Russian EV market
Sales of Zeekr electric vehicles have shot up in Russia in the last year, putting Chinese carmakers ahead of local competition in Russia's small but rapidly expanding electric vehicle (EV) sector. Chinese carmakers have already seized more than half of Russia's car market since Western competitors pulled out, taking their technology and know-how with them, after Moscow sent troops into Ukraine in February 2022. Governments in Europe and the United States are growing increasingly wary of Chinese dominance in the EV sector but Russia, rather than imposing tariffs, is embracing Chinese brands across all automobile sectors to prop up its car industry.
Reuters
Toyota's May global output slides with marked decline in China
Toyota's global production slid for a fourth straight month in May from a year earlier on lower output in many overseas markets, with the decline in China, where local brands have become much more competitive, particularly sharp. In China, production fell 22%. The Japanese automaker also had lower production in markets such as Thailand, Mexico, Brazil and France although the U.S. and Japan saw output grow.
Investing.com
Oil prices settle higher, but gains capped by surprise inventory build, dollar
Investing.com-- Oil prices settled slightly higher Wednesday, though gains were capped by unexpected build in U.S. inventories and a stronger dollar.
The Telegraph
The North Sea could be finished under Labour
David Latin is losing his patience. The chairman of Serica Energy has worked in the oil and gas industry for more than 30 years. He once ran a company that drilled in a war zone.
Reuters
Ten big banks settle US interest rate swaps rigging litigation
Ten large banks including Bank of America, Goldman Sachs and JPMorgan Chase will pay $46 million to settle a long-running antitrust lawsuit accusing them of conspiring to rig the now $465.9 trillion market for interest rate swaps. Lawyers for investors filed a preliminary settlement to end the eight-year-old nationwide case on Thursday in Manhattan federal court. The settlement requires approval by U.S. District Judge Paul Oetken, and boosts the value of all settlements in the case to $71 million.
BBC
VW to invest up to $5bn in Tesla rival Rivian
Shares in the US-based electric truck and SUV maker jumped by almost 50% after the announcement.
The Guardian
BP imposes hiring freeze and halts new offshore wind projects
New boss Murray Auchincloss reverses move away from fossil fuels, which had weighed on company’s share price

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Brazil's Petrobras cuts jet fuel prices by 1.3% in key markets

Latest stories

Modi's govt calls on Indian state to look into Reuters report on Foxconn hiring

Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space

Potential China action against EU pork may be double-edged sword for Brazil

Exclusive-Firm making car that Putin gifted to Kim uses South Korean parts, data shows

Western tariffs a 'challenge' for China's battery giant CATL

Elon Musk won $56 billion payday because of vote, Tesla argues in court

Two employees leave Adidas amid China graft probe

Prudential Singapore to get new CEO in September

Bitcoin Miner Marathon Mined $15M Worth Kaspa Tokens to Diversify Revenue

Silicon Box picks Piedmont region for its Italian $3.4 billion chip plant

What Will a $3 Million Dollar Retirement Look Like?

6 Ways To Build Wealth After Getting Laid Off — That Don’t Include a New Job

Factbox-Companies forging a rare earths industry in the EU

Zeekr's sales jump as Chinese dominate Russian EV market

Toyota's May global output slides with marked decline in China

Oil prices settle higher, but gains capped by surprise inventory build, dollar

The North Sea could be finished under Labour

Ten big banks settle US interest rate swaps rigging litigation

VW to invest up to $5bn in Tesla rival Rivian

BP imposes hiring freeze and halts new offshore wind projects