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Tesla CEO Musk says Austin robotaxi fleet to double next month

(Reuters) -Tesla Chief Executive Elon Musk said on Tuesday that the number of robotaxis in Austin, Texas, will double in December, following the rollout of its self-driving service in the city in June. "The Tesla Robotaxi fleet in Austin should roughly double next month," Musk ...
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UK’s Treasury chief set to raise taxes once again in her second budget

LONDON (AP) - Following weeks of speculation, Britain's unpopular Labour government will deliver its second budget later Wednesday since it returned to power in a landslide election victory in July 2024 after 14 years in opposition. Treasury chief Rachel Reeves, the first woman to hold ...
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China Vanke bonds slump as concerns mount over state support

SHANGHAI (Reuters) -Chinese state-backed property developer Vanke's bonds tumbled on Wednesday, reigniting market concerns about the extent of potential central government support for the crisis-hit sector. Several of Vanke's yuan bonds fell more than 20% in early trade, leading to trading suspensions on the company's ...
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Asian stocks climb after Wall Street rallies on hopes for lower interest rates

BANGKOK (AP) - Asian shares and U.S. futures advanced on Wednesday after benchmarks on Wall Street surged on hopes the Federal Reserve will soon opt to cut interest rates. Tokyo's Nikkei 225 jumped 2% to 49,650.77 in a broad rally that encompassed major exporters ...
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Morning Bid: Reeves takes centre stage

A look at the day ahead in European and global markets from Gregor Stuart Hunter: It's make-or-break time for Britain's finance minister Rachel Reeves as she unveils later today a budget expected to contain tens of billions of pounds of new tax increases. Sterling is up ...
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Tesla struggles to course correct from sales skid

By Nick Carey and Abhirup Roy (Reuters) -Tesla CEO Elon Musk has spent much of this year focused on the carmaker's robotics pursuits and winning shareholder approval for his freshly minted $1 trillion pay package. In the meantime, the outlook for Tesla's main business - ...
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Robinhood, Susquehanna take over exchange LedgerX in prediction markets push

(Reuters) -Robinhood Markets and Susquehanna International Group on Tuesday struck a deal to take over a regulated exchange run by Miami International Holdings, giving the companies a major boost in their push to establish a stronghold in prediction markets. The companies are acquiring a 90% ...
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Venture Global, Tokyo Gas sign 20-year LNG supply deal

(Reuters) -Venture Global said on Tuesday it has signed a 20-year sales and purchase agreement, or SPA, with Japan's capital city gas supplier, Tokyo Gas, to supply it with 1 million metric tonnes per annum of liquefied natural gas, starting in 2030. The agreement marks ...
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Australia’s Optus suffers emergency call outage

SYDNEY (Reuters) -Australian telco Optus said on Wednesday it had suffered an emergency call outage near Melbourne impacting around 14,000 users, two months after a broader disruption that probably caused four deaths when customers failed to get timely aid. Optus, owned by Singapore Telecommunications, said ...
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Trump says China’s Xi ‘more or less agreed’ to accelerate purchases of US goods

ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump said on Tuesday that he pressed Chinese President Xi Jinping to accelerate and increase Beijing's purchases of U.S. goods during a phone call on Monday, and the Chinese leader had "more or less agreed." "I asked ...
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Boeing wins $2.47 billion contract for 15 additional US Air Force KC-46A tankers

(Reuters) -The U.S. Air Force awarded Boeing a $2.47 billion contract for 15 additional KC-46A Pegasus aerial refueling tankers, the company announced on Tuesday in a release. Last year, the Air Force awarded Boeing a similar contract for 15 of the tankers for $2.38 billion. ...
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Asia stocks rise as weak US data boosts Fed rate-cut bets

By Gregor Stuart Hunter SINGAPORE (Reuters) -Asian stocks rose on Wednesday, chasing gains on Wall Street as weaker-than-expected economic data spurred expectations that the Federal Reserve will cut interest rates at its policy meeting next month. MSCI's broadest index of Asia-Pacific shares ...
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