Tag: GENE
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Manchin threatens to sue US Treasury over EV tax credit rules
WASHINGTON, March 29 (Reuters) – Senate Energy Committee Chairman Joe Manchin said on Wednesday he could go to court after the US Treasury Department released guidelines on battery procurement for electric vehicle tax credits later this week. “If it goes off the rails” and goes against the intent of climate legislation passed in August, “I […]
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U.S. battery sourcing guidelines to cut some EV tax credits — official
WASHINGTON, March 29 (Reuters) – The long-awaited guidance from the US Treasury Department regarding battery procurement requirements for electric vehicle tax credits expected by Friday will result in fewer vehicles receiving full or partial credits, a US official told Reuters. In December, the Treasury Department decided not to release its proposed battery procurement guidelines until […]
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Adidas withdraws its opposition to Black Lives Matter’s three-stripe design
March 29 (Reuters) – Sportswear manufacturer Adidas AG (ADSGn.DE) turned down Wednesday 48 hours after the request to the US Trademark Office to reject a Black Lives Matter application for a trademark with three parallel stripes. “Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation’s trademark application as soon as possible,” […]
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The US FDIC is telling Signature Bank’s crypto customers to close accounts before April 5
March 28 (Reuters) – The US Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank’s (SBNY.O) crypto clients that they have until April 5 to close their accounts and move their funds. The deposits in question were not part of a rescue deal entered into earlier this month with Flagstar Bank, a unit […]
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JPMorgan’s Jamie Dimon to be impeached in Epstein case, prosecutors’ attorney says
March 28 (Reuters) – JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon will be interviewed under oath in connection with the bank’s relationship with Jeffrey Epstein, the late sex offender and a former client, said a lawyer who involved in the trial on Tuesday. The statement is expected to come out in early May, according […]
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AMC Entertainment shares are jumping on report that Amazon is exploring a deal
March 28 (Reuters) – Shares of AMC Entertainment Holdings Inc (AMC.N) rose as much as 21% on Tuesday, following a report that e-commerce giant Amazon.com Inc (AMZN.O) was looking to buy the theater chain. Amazon founder Jeff Bezos has sent his investment advisers and top entertainment executives to investigate acquisition plans for AMC, entertainment industry […]
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EU countries approve the phasing out of CO2-emitting cars by 2035
BRUSSELS, March 28 (Reuters) – European Union countries on Tuesday gave final approval to a landmark law to end sales of new CO2-emitting cars by 2035, after Germany granted an exemption for cars running on e-fuels . The approval of EU countries’ energy ministers means Europe’s key automotive climate policy can now come into effect […]
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St. Louis is suing Hyundai and Kia for auto theft, joining other US cities
WASHINGTON, March 27 (Reuters) – The city of St. Louis, Missouri, said Monday it is joining several major US cities in suing Korean automakers Hyundai Motor (005380.KS) and Kia Corp (000270.KS) over the not installing anti-theft technology in millions of their vehicles. The lawsuit filed in U.S. District Court in Missouri follows similar actions by […]
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Research shows that China has spent $240 billion on bailing out Belt & Road countries
JOHANNESBURG, March 28 (Reuters) – China has spent $240 billion between 2008 and 2021 to bail out 22 developing countries, with the amount soaring in recent years as more people have struggled to repay loans spent on building of “Belt & Road” infrastructure, according to a study published Tuesday. Nearly 80% of bailout loans were […]