WEU

Musk delivers the first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after its unveiling No details on orders or capacity for electric trucks Semi uses existing Tesla motors, to feature a new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated …

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Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ …

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COVID hit HIV detection in Europe threatens eradication progress

LONDON, Nov 30 (Reuters) – The number of people in Europe with undiagnosed HIV has risen as testing rates fell during the COVID-19 pandemic, threatening a global goal of ending the disease by 2030, a report said. The joint World Health Organization (WHO) and European Center for Disease Prevention and Control (ECDC) report said that …

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HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC

Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensible’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout …

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Crypto lender BlockFi files for bankruptcy in New Jersey

Filing follows weeks after FTX collapse FTX listed as BlockFi’s No. 2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it said on Monday, the latest cryptocurrency to follow the spectacular collapse of the FTX exchange …

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Oil prices erase 2022 gains as China’s protests spark demand worries

WTI hits lowest since Dec 2021, Brent at lowest since Jan 2022 Clashes in Shanghai as COVID protests flare across China Investors focus on next OPEC+ meeting on Dec 4 Nov 28 (Reuters) – Oil prices fell close to their lowest this year on Monday as street protests against strict COVID-19 curbs in China, the …

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