Tesla ‘recalls’ vehicles in China for online software update
Chinese regulators said on Saturday Tesla Inc (TSLA.O) would ‘recall’ nearly 300,000 China-made and imported Model 3 and Model Y cars for an online software update related to assisted driving, with owners not required to return their vehicles.
Toshiba CEO Tsunakawa named interim chairman after investors oust Nagayama
TOKYO, June 25 (Reuters) – Toshiba’s (6502.T) board appointed CEO Satoshi Tsunakawa as interim chairman on Friday after investors voted to oust his predecessor in a stunning rebuke for its collusion with the Japanese government against shareholders. Tsunakawa’s appointment came after shareholders delivered a clear message to management by voting out Osamu Nagayama as chairman and another […]
S&P 500 hits new peaks after May inflation data misses estimates
June 25 (Reuters) – The S&P 500 hit all-time high at the open on Friday following robust earnings forecast from Nike, while weaker-than-expected inflation data eased worries about monetary policy tightening in the near term. The S&P 500 (.SPX) opened higher by 7.96 points, or 0.19%, at 4,274.45, while the Nasdaq Composite (.IXIC) gained 31.10 points, or 0.22%, to […]
U.S. consumer spending takes breather; inflation pushes higher
U.S. consumer spending paused in May as shortages weighed on motor vehicle purchases, but the supply constraints and increased demand for services helped to boost inflation, with the Federal Reserve’s main inflation measure posting its biggest annual increase since 1992.
Take Five: The missing piece in the Fed puzzle
Next Friday’s U.S. employment report will allow investors to gauge whether a powerful U.S. recovery could push the Federal Reserve to start unwinding ultra-easy monetary policies sooner than expected.
Fearing predators, Credit Suisse seeks new look or even merger-sources
Credit Suisse’s top management are under pressure to come up with an overhaul plan for the scandal-hit Swiss bank that could include a potential merger with rival UBS (UBSG.S), three people familiar with its thinking told Reuters.
UK health minister ‘very sorry’ after pictured kissing aide
British Health Secretary Matt Hancock said he was “very sorry” after pictures of him kissing and embracing his top aide, a friend hired last year, were splashed on the front page of the Sun newspaper.
Ex-policeman Derek Chauvin to be sentenced for George Floyd’s murder
Former Minneapolis policeman Derek Chauvin will be sentenced on Friday for murdering George Floyd in May 2020 after a trial that was widely seen as a watershed moment in the history of U.S. policing.
Race to find survivors as death toll in Miami condo collapse rises
Rescue workers frantically scoured the rubble of a collapsed apartment block in a Miami suburb for signs of life on Friday, as the death toll from the disaster crept up and as nearly 100 people remained unaccounted for.
Rio kept destruction of Ice Age Australia heritage secret, Aboriginal group says
A Rio Tinto Ltd (RIO.AX) forerunner failed to protect 18,000-year-old artefacts showing how people lived during the last Ice Age, part of destruction that the mining giant kept secret for decades, an Australian Aboriginal group alleged on Friday.
