Tuesday 29 March 2022

Reuters Business: U.S. to unveil revised stricter fuel economy regulations on Friday

U.S. to unveil revised stricter fuel economy regulations on Friday

President Joe Biden's administration on Friday plans to unveil tougher fuel economy standards for vehicles that would reverse his predecessor Donald Trump's rollback of U.S. regulations aimed at improving gas mileage and cutting tailpipe pollution, officials said.

No current talks with Tesla about potential union vote -UAW president

United Auto Workers (UAW) President Ray Curry said on Tuesday he has had no discussions with Tesla or its Chief Executive Elon Musk about a potential union vote by workers at the electric-car maker's California factory.

WeWork names top boss Mathrani as chairman

Flexible workspace provider WeWork Inc on Tuesday named Sandeep Mathrani as chairman, more than two years after the real estate industry veteran was appointed as the company's chief executive officer.

Pershing Square's Ackman retiring from 'vocal' activist life

Billionaire investor William Ackman, who spent years building his reputation as a vocal corporate agitator, now plans to work mainly behind the scenes with management and adopt what he calls a "quieter approach" to force change.

Baker Hughes, Dussur to join forces for chemicals project in Saudi Arabia

Baker Hughes and Saudi Arabia's state-owned Dussur have agreed to form a joint venture focused on providing oilfield services and industrial chemicals in the country, the companies said on Tuesday.

Micron forecasts quarterly revenue above estimates, shares up

Micron Technology Inc forecast third-quarter revenue above market estimates on Tuesday, driven by growth in its data centers, cloud and smartphones segments.

Lululemon forecasts strong 2022 earnings on demand for athletic wear

Lululemon Athletica on Tuesday forecast full-year revenue and profit above analysts' estimates, signaling demand for athletic wear would remain consistent even as people return to offices and resume travel.

Canada to present its 2022 budget next week as inflation soars

Canada's federal government will present its 2022 budget on April 7, Finance Minister Chrystia Freeland said on Tuesday, as it plans to boost spending on defense and other programs even as it grapples with hot inflation.

Dancing Musk hands drivers first Teslas from new German gigafactory

Elon Musk was cheered as he oversaw the handover of Tesla's first German-made cars at its Gruenheide plant on Tuesday, marking the start of the U.S. automaker's inaugural European hub just two years after it was first announced.

Inversion of key U.S. yield curve slice is a recession alarm

A closely monitored section of the U.S. Treasury yield curve inverted on Tuesday for the first time since September 2019, a reflection of market concerns that the Federal Reserve could tip the economy into recession as it battles soaring inflation.

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