Business
Newfoundland renewable energy company receives provincial funds to aid in expansion
A Newfoundland-based renewable energy company is gearing up to expand into new markets with help from provincial funding. Growler Energy Inc. will use $100,000 from the province and an additional $187,500 in personal funds to identify new market ...
'There's a growing community there': Owner of The Indian Express in St. John's preparing to open second location
Jerry Joy, owner of The Indian Express in St. John's, said that in the past six years, the establishment has experienced a lot of growth. "I got my entry into the food industry in 2018, I started with a food truck and I haven't stopped," said ...
With China EV launch, Xiaomi's 'Thor' takes on Elon Musk
By Sarah Wu BEIJING (Reuters) - He was called China's answer to Steve Jobs for taking Xiaomi from scrappy startup to an electronics giant known for its smartphones. With the launch of a much-hyped and against-the-odds electric car, Lei Jun, ...
Renault to invest $320 million, hire 550 workers to make electric vans in Northern France
SANDOUVILLE, France (Reuters) - French car maker Renault plans to invest 300 million euros ($323.25 million) in its assembly plant located in Sandouville in northern France to make new-generation electric vans from 2026. The company will add 550 ...
Greece to raise monthly minimum wage by 6.4% to 830 euros
ATHENS (Reuters) - Greece will raise its monthly minimum gross wage by 6.4% to 830 euros, the conservative government said on Friday, the fourth such increase in five years aimed at easing the burden on households squeezed by a higher cost of ...
Musk's Grok-1.5 AI chatbot to be available next week
(Reuters) - Elon Musk's artificial intelligence startup xAI's latest Grok-1.5 chatbot will be available on his social media platform X next week, the billionaire said in a post on X on Friday. "Grok 2 should exceed current AI on all metrics. In ...
Fed's balancing act could see June rate cut in play even with sticky inflation
By Howard Schneider WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell says the central bank is not growing more tolerant of higher inflation even though the latest policymaker projections raised the inflation outlook for the year without ...
Investors eye Fed rate cut, earnings as key to sustaining market rally
By David Randall NEW YORK (Reuters) - After a stellar start to the year for stocks, investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers on an expected interest rate cut by June and ...
US probes Stellantis 2022 RAM truck models over K1 snap ring transmission failures
(Reuters) - The U.S. Office of Defect Investigations (ODI) has opened a preliminary evaluation of a failure of the K1 snap ring in Chrysler-parent Stellantis' year 2022 RAM 3500, 4500, and 5500 trucks, the National Highway Traffic Safety ...
China's red carpet draws CEOs but few expect their money to follow
By Joe Cash BEIJING (Reuters) - China's government devoted the week to a red carpet welcome for foreign executives to try to halt a retreat in corporate investment from a market once seen as the engine of global growth. But many executives leave ...