Year: 2025
Ukraine’s halt of Russian gas to Europe throws breakaway Moldovan region into crisis mode
Flow regulator valves at a natural gas measuring station in Moldova. Bloomberg | Bloomberg | Getty Images Moldova’s breakaway region of Transnistria has been thrust into a profound energy crisis following the termination of a five-year gas transit agreement between Russia and Ukraine. Hundreds of thousands of people in the mainly Russian-speaking territory of Transnistria […]
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Stellantis Italy output falls 37% in 2024, car production hits 68-year low
Employees works on the production floor of the SUSTAINera Circular Economy Hub at Stellantis NV’s Mirafiori complex in Turin, Italy, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty Images Vehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in car manufacturing, union figures […]
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Biden blocks U.S. Steel takeover by Japan’s Nippon Steel, citing national security
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024. Justin Merriman | Bloomberg | Getty Images President Joe Biden on Friday officially blocked the takeover of U.S. Steel by Japan’s Nippon Steel, making good on his promise to keep an industrial name that is […]
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Rivian meets its 2024 vehicle production target after lowering projections
Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California. Mario Tama | Getty Images Rivian Automotive’s 2024 vehicle production and deliveries were in line with the company’s previously announced expectations. The electric vehicle maker on Friday said it produced 49,476 vehicles last year, including 12,727 trucks […]
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Stocks making the biggest moves premarket: U.S. Steel, Carvana, Block and more
Check out the companies making headlines before the bell. U.S. Steel — U.S. Steel shares slid nearly 8% after President Joe Biden blocked Japanese company Nippon Steel’s $14.9 billion takeover of U.S. Steel, saying : “U.S. Steel will remain a proud American company.” Biden said the domestic steel industry is a national security priority. Block — Shares […]
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Boeing is taking the required steps to return confidence in business, says former FAA adminstrator
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Billy Nolen, former Acting FAA administrator and Archer Aviation chief safety, joins ‘Squawk Box’ to discuss the progress Boeing has made in its production safety. Source
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Designer Rosita Missoni, pioneer of colored knitwear, dies aged 93
FILE PHOTO: Rosita Missoni poses before the Missoni Spring/Summer 2018 show at the Milan Fashion Week in Milan, Italy September 23, 2017. Stefano Rellandini | Reuters Italian designer Rosita Missoni, co-founder of the eponymous fashion house known for its bright and patterned styles, died on Thursday at the age of 93, a company official said. […]
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Foreign phone sales plunge 47% in China spelling trouble for Apple
An Apple flagship store in Shanghai, China, October 15, 2024. Cfoto | Future Publishing | Getty Images Sales of foreign phone brands in China plunged in November, according to official data released Friday, underscoring further pressure on Apple, the biggest international handset vendor in the country. In November, foreign mobile phone shipments in China stood […]
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Trump says Britain is ‘making a very big mistake’ with windfall tax on North Sea oil producers
The NKT Victoria cable laying ship operates off the coast of Marske by the Sea as it lays cable as part of the Sofia Offshore Wind Farm project on August 17, 2024 in Marske By The Sea, United Kingdom. Ian Forsyth | Getty Images News | Getty Images U.S. President-elect Donald Trump on Friday called […]
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European stocks pull back; Turkish inflation falls by more than expected
European markets were lower on Friday after a rocky start to 2025 for stocks around the world. The pan-European Stoxx 600 was down 0.3% by 8:33 a.m. London time, with most sectors in negative territory. Auto and mining stocks led losses, down 1.22% and 1.04% respectively, while financial services stocks added 0.32%. France’s CAC 40 […]
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