Electric vehicle maker Lucid to raise $3 billion, mostly from Saudi PIF

Electric vehicle maker Lucid to raise  billion, mostly from Saudi PIF

May 31 (Reuters) – Lucid Group (LCID.O) said it expected to raise around $3 billion through an equity offering, nearly two-thirds of which would come from the Public Investment Fund ( PIF) of Saudi Arabia, sending shares of the luxury electric-vehicle maker down 9% after market hours. PIF, which owns more than 60% of the … Read more

Exxon and Chevron shareholders strongly reject climate-related petitions

Exxon and Chevron shareholders strongly reject climate-related petitions

HOUSTON, May 31 (Reuters) – Shareholders of Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) overwhelmingly rejected calls for tougher measures to mitigate climate change on Wednesday, dismissing more a dozen climate-related proposals at their annual meeting. meetings. The findings helped the two biggest US oil producers resist pressure from investor groups calling on the … Read more

Russia reports attacks on oil refineries and town near border with Ukraine

Russia reports attacks on oil refineries and town near border with Ukraine

Five killed in Luhansk village – Moscow-backed official Four injured in Ukrainian shelling of border town governor Refinery strikes latest attacks on Russian infrastructure MOSCOW/KIEV, May 31 (Reuters) – Russia said Ukrainian artillery struck a Russian city for the third time this week and drones hit two oil refineries in a spike in attacks on … Read more

Exclusive: UN attempts to save Black Sea grains deal with ‘mutually beneficial’ proposal

Exclusive: UN attempts to save Black Sea grains deal with ‘mutually beneficial’ proposal

KYIV, May 31 (Reuters) – The UN has proposed that Kiev, Moscow and Ankara begin preparatory work for the transit of Russian ammonia through Ukraine as it tries to salvage a deal allowing safe grain exports of the Black Sea, said a source familiar with the talks. Wednesday. As preparatory work begins, the UN wants … Read more

NATO troops on guard in northern Kosovo for third day amid protests

NATO troops on guard in northern Kosovo for third day amid protests

LEPOSAVIC, Kosovo, May 31 (Reuters) – NATO peacekeepers guarded town halls in ethnically polarized northern Kosovo for a third day on Wednesday as Serbia’s defense minister inspected troops deployed near the border with his former province after violent unrest this week. The unrest prompted NATO to send additional troops to the region and the alliance … Read more

Elon Musk visits Chinese ministries of commerce and industry

Elon Musk visits Chinese ministries of commerce and industry

(1/3) Tesla Chief Executive Elon Musk stands near Chinese Minister of Commerce Wang Wentao before leaving the Chinese Ministry of Commerce in Beijing, China May 31, 2023. REUTERS/Tingshu Wang BEIJING, May 31 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk kicked off his second day in China with visits to the country’s Commerce Ministry and … Read more

Chinese tech entrepreneurs keen to ‘de-China’ as tensions with US soar

Chinese tech entrepreneurs keen to ‘de-China’ as tensions with US soar

SHENZHEN, China, May 31 (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the United States is becoming increasingly difficult. Prior to 2019, there were few major barriers to a Chinese company doing business in the United States from China. But amid escalating trade tensions between the United States and China, particularly after Washington … Read more

Lula’s call for South American unity clashes with opposing views on Venezuela

Lula’s call for South American unity clashes with opposing views on Venezuela

(1/8) Colombian President Gustavo Petro, Bolivian President Luis Arce, Brazilian President Luiz Inacio Lula da Silva, Argentinian President Alberto Fernandez and Chilean President Gabriel Boric hold hands as they pose during the South American Summit at Itamaraty Palace in Brasilia, Brazil on May 30 Learn more BRASILIA, May 30 (Reuters) – Divergent views on Venezuela … Read more

North Korea launches space satellite; warnings lifted in South Korea and Japan

North Korea launches space satellite;  warnings lifted in South Korea and Japan

SEOUL/TOKYO, May 31 (Reuters) – North Korea launched what it calls a space satellite southwards on Wednesday, the South Korean military said, triggering emergency alerts and brief warnings of evacuation in parts of South Korea and Japan. North Korea had said it would launch its first military reconnaissance satellite between May 31 and June 11 … Read more

NATO to deploy more troops to Kosovo town to fight violence

NATO to deploy more troops to Kosovo town to fight violence

ZVECAN, Kosovo, May 30 (Reuters) – NATO troops secured a town hall in Zvecan in Kosovo and the alliance said on Tuesday it would send more troops to the area, a day after 30 troops from the Nato and 52 protesters were injured in clashes and the EU and US called for a de-escalation of … Read more