MEXICO CITY (Reuters) -Ford shipped out its first batch of cars from the once-ignored Guaymas port near its plant in the northern Mexican state of Sonora on Tuesday, in a project that, if fully launched, could cut its logistics costs by 30%. The initial shipment of pick-ups and Broncos, headed for Chile, is part of…
By David Shepardson WASHINGTON (Reuters) -A U.S. appeals court on Monday said it will hold oral arguments on Sept. 16 on legal challenges to a new law requiring China-based ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban. On May 14, a group of TikTok creators filed suit to block the…
MOSCOW (Reuters) – Russian President Vladimir Putin on Monday sacked four deputy defence ministers and appointed a relative, Anna Tsivileva, to fill one of the vacancies. Putin sacked deputy defence ministers Nikolai Pankov, Ruslan Tsalikov, Tatiana Shevtsova and Pavel Popov, according to Kremlin decrees. He appointed Tsivileva, who Russian media said is the daughter of…
By Tom Hals WILMINGTON, Delaware (Reuters) – Tesla began its fight for legal recognition of a shareholder vote favoring Elon Musk’s record compensation, telling a Delaware judge that it “significantly impacts” her ruling voiding the pay, according to a letter made public on Monday. Tesla wrote to Chancellor Kathaleen McCormick that the parties in the…
By Robin Respaut and Chad Terhune (Reuters) – For many U.S. parents seeking help for a child with obesity, the most widely-endorsed treatment is out of reach – and it’s not the popular weight-loss drug Wegovy. Leading medical groups recommend intensive behavioral counseling – 26 hours within one year – to teach children and their…
By Nathan Layne WEST PALM BEACH, Florida (Reuters) -Donald Trump used his 78th birthday party on Friday to promise deeper tax cuts if he wins the Nov. 5 U.S. election and to make vague predictions of future attacks on U.S. soil after the arrest of Tajik nationals with suspected ISIS ties. Speaking to thousands of…
CAIRO (Reuters) -Yemen’s Houthis said on Sunday that they had attacked two civilian ships along with an American destroyer in the Red Sea and Arabian Sea, their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza. In a statement, the Houthi military spokesperson, Yahya Saree, said the militant group…
By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari on Sunday said it’s a “reasonable prediction” that the U.S. central bank will cut interest rates once this year, waiting until December to do it. “We need to see more evidence to convince us that inflation is well on our way back down to 2%,”…
By Noel Randewich (Reuters) – Tesla shareholders approved CEO Elon Musk’s $56 billion pay package in a what was seen as an endorsement of his leadership, but the electric car maker’s stock remains richly valued even after several years of weakness in shares. Shareholders at Tesla’s annual general meeting on Thursday re-approved Musk’s 2018 record-setting compensation…
By David Lawder WASHINGTON (Reuters) – A policy group led by the United Steelworkers union and domestic manufacturers is calling for the U.S. to enact stronger trade barriers to Chinese imports after President Joe Biden imposed steep tariffs on Chinese electric vehicles, solar panels and other strategic goods. The Alliance for American Manufacturing (AAM) on…
