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Tesla plays ‘whack-a-mole’ with snags as deliveries fall for first time in two years

July 5 (Reuters) – Tesla Inc (TSLA.O) faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years. Stung by China’s COVID-19 lockdowns and soaring costs, Tesla said …

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Norwegian oil and gas workers start strike, cutting output

OSLO, July 5 (Reuters) – Norwegian offshore workers began a strike on Tuesday that will reduce oil and gas output, the union leading the industrial action told Reuters. The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices, with supplies of natural gas to …

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Bezos slams Biden’s call for gasoline stations to cut prices

Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Paul Ellis/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register July 3 (Reuters) – Amazon.com Inc (AMZN.O) founder Jeff Bezos renewed his spat with the White House over the weekend, as the world’s …

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No experience, no resume, you’re hired! Hotels fight for staff

DOHA/LISBON/MADRID, July 4 (Reuters) – Top European hotel chains are hiring workers without experience or even a resume as executives admit years of underpaying staff have come back to bite, leaving them unable to meet post-pandemic travel demand. Thousands of workers left the hospitality industry when international travel shut down during the COVID-19 pandemic. Many …

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Nervous staff and no bankers: Western firms struggle to exit Russia

HELSINKI, July 4 (Reuters) – For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin’s seizure of a major oil and gas project is a powerful warning: Move fast or else. Companies have been wrestling with how to exit in ways that limit the financial impact, do not …

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German road traffic agency says 59,000 Tesla vehicles have software glitch

FRANKFURT, July 3 (Reuters) – Germany’s road traffic agency said it was recalling Tesla (TSLA.O) models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. The KBA watchdog said on its website dated June 29 that a software flaw was causing a breakdown of the eCall, …

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US West Coast port labor contract expires, raising stakes for talks

LOS ANGELES, July 1 (Reuters) – The union and employers negotiating a new labor contract for more than 22,000 US West Coast port workers said high-stakes talks that are being closely watched by industry and the White House would continue after the agreed expired late on Friday. The agreement covers 29 Pacific Coast ports stretching …

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Wall Street ends first day of third quarter with solid rebound

US factory activity decelerates more than expected in June Micron’s downbeat forecast prompts chip sell-off Kohl’s tumbles after calling off sale to Franchise Group Indexes up: Dow 1.05%, S&P 1.06%, Nasdaq 0.90% NEW YORK, July 1 (Reuters) – Wall Street bounced back to a sharply higher close in light trading on Friday as investors embarked …

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US factory activity slows to two-year low as clouds gather over economy

Autonomous robots assemble an X model SUV at the BMW manufacturing facility in Greer, South Carolina, US November 4, 2019. REUTERS/Charles Mostoller Register now for FREE unlimited access to Reuters.com Register ISM manufacturing index falls 3.1 points to 53.0 in June New orders, employment contract Construction spending dips 0.1% in May WASHINGTON, July 1 (Reuters) …

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GM calls off plan to sell India car plant to China’s Great Wall

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, US, March 16, 2021. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI/SHANGHAI, July 1 (Reuters) – General Motors (GM) (GM.N) said on Friday it had called off the sale of a shuttered …

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