Jun 09, 2023
EV maker Lordstown plans to sue Foxconn over funding dispute

(Reuters) - Lordstown Motors said on Friday it plans to take legal action against investor Foxconn to ensure that the Taiwanese contract manufacturer completes a planned purchase of nearly 10% of the electric vehicle startup's shares. The company, and its…

Jun 08, 2023
Wildfire smoke from Canada disrupts New York, Philadelphia flights

By David Shepardson (Reuters) -Some flights into the New York City area and Philadelphia on Wednesday were delayed and others briefly halted because of reduced visibility from wildfire smoke from Canada. The Federal Aviation Administration (FAA) was slowing traffic but…

Jun 05, 2023
Forever in debt: Why U.S. loans are getting longer

By Chris Taylor NEW YORK (Reuters) - Consumers facing high asset prices and rising interest rates have a few loan options. None are particularly attractive. Buyers of homes or new cars might be better off waiting. But if you must…

Jun 02, 2023
US Congress averts historic default, approves debt-limit suspension

By Richard Cowan and Gram Slattery WASHINGTON (Reuters) - The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever default. The Senate…

May 30, 2023
France inaugurates first of four gigafactories in the north

BILLY-BERCLAU, France (Reuters) - France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the country. The development by Automotive Cells Company, a joint-venture between…

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