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Tesla’s China-made EV sales rise 36% in April, year-on-year

BEIJING, May 7 (Reuters) - Tesla's China-made electric vehicle sales rose for the sixth straight month of year-on-year increases, as it navigates intensifying competition in two of its largest markets. Deliveries of Model 3 and Model Y produced at its Shanghai factory, including exports ...
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AirAsia bets big on efficiency with order for 150 Airbus A220 jets listed for $19 billion

KUALA LUMPUR, Malaysia (AP) - Budget airline AirAsia is ordering 150 Airbus A220-300 jets in a deal valued at about $19 billion at list prices, marking the largest single order ever placed for the A220 planes. The deal was announced Thursday at an Airbus factory ...
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China asks banks to pause new loans to US-sanctioned refiners, Bloomberg News reports

May 6 (Reuters) - China's financial regulator has advised the country's largest lenders to temporarily suspend new loans to five refineries recently sanctioned by the U.S. over their ties to Iranian oil, Bloomberg News reported on Wednesday, citing people familiar with the matter. Reuters could ...
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Dollar on defensive as markets hope for best on Middle East

By Wayne Cole SYDNEY, May 7 (Reuters) - The dollar remained on the defensive on Thursday as hopes for a de-escalation in the Iran-U.S. war supported oil-exposed currencies, while Tokyo resumed its verbal intervention in support of the yen keeping speculators cautious. Iran said on Wednesday ...
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BUSINESS HEADLINES

Lower-income Americans hit hardest by gas price spike, widening inequalities, study finds WASHINGTON (AP) - Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy's disparities, ...
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Hopes for reopening the Strait of Hormuz push Asian shares higher, as oil prices hold above $100

Asian shares jumped, with Tokyo's Nikkei 225 gaining 5.7% on Thursday, as investors waited to see if the U.S. and Iran will strike a deal allowing tankers to deliver crude from the Persian Gulf again. Japan's benchmark Nikkei 225 index jumped 3,402 points to 62,915.87 ...
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EU negotiator says ‘still some way to go’ on US trade deal under threat of higher auto tariffs

BRUSSELS, May 7 (Reuters) - European lawmakers and governments are making good progress in negotiations to finalise a deal scrapping duties on U.S. imports but "there is still some way to go", the European Parliament's chief negotiator Bernd Lange said on Thursday. The lawmakers and ...
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European fishing firms reflag ships to tap Indian Ocean tuna quotas, report finds

The European fishing fleet has long been a powerhouse at catching tuna, with a fleet of massive vessels known as purse seiners that can hold as much as 4 million pounds (1.8 million kilograms) of fish at a time. Dozens of them roam the ...
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Militants ambush fruit trucks on the road to Bamako as a blockade of Mali’s capital persists

Militants ambushed a convoy of trucks heading to Mali's blockaded capital of Bamako Wednesday, a transportation workers union said, the latest in a crisis that began with sweeping, coordinated attacks by separatist and jihadi forces across the West African nation last month. The attackers opened ...
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DoorDash plans to spend more than $50 million on gas price relief for its drivers this spring

DoorDash said Wednesday it expects to spend more than $50 million in the second quarter on gas price relief for its delivery drivers. The San Francisco-based company said in March that it would offer extra compensation to U.S. and Canadian drivers as part of a ...
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Apple’s $250 million class-action settlement paves way for payouts to iPhone owners

(NEW YORK) -- Apple has agreed to settle a class-action lawsuit for $250 million after the tech giant was accused of marketing Apple Intelligence technologies that "did not exist" yet, according to a Tuesday court filing.The settlement paves the way for payouts of up ...
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Is California at risk of a gasoline shortage amid the Iran war? Experts explain

(NEW YORK) -- Sky-high gasoline prices are hammering drivers across the United States as the Iran war chokes off global oil supply. California, however, may be feeling the sting more than anywhere else.The average price of a gallon of gasoline in California clocks in ...
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