Skip to main content

Posts

Showing posts from November, 2023

Tesla to build 25,000-euro car in Germany

  BERLIN, Nov 6 (Reuters) - Tesla   (TSLA.O)   plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. The source, who declined to be named, did not say when production would begin. Tesla declined to comment. Its shares were up 3% in pre-market trading in the United States at 0910 GMT.

High bond yields challenge “Pax Americana”

  LONDON, Nov 6 (Reuters Breakingviews) - There are many reasons for dysfunction in the American political system. There are also many reasons why “Pax Americana” – the period of U.S. dominance since World War Two - is under   stress . But the end of the era of free money is a new toxic ingredient in the witches' cauldron that links domestic political conflict and Washington’s struggle to rise to a host of global challenges. The combination of high bond yields with a large fiscal deficit and rising sovereign debt is making it harder for politicians to govern the country. Witness President Joe Biden’s  battle  to get Congress to approve $106 billion in military aid for Israel and Ukraine, as well as cash to push back against China in the Indo-Pacific.

UN says Gaza war must stop as reported death toll tops 10,000

  GAZA, Nov 6 (Reuters) - U.N. agency leaders saying   "enough is enough " demanded a humanitarian ceasefire on Monday nearly a month into the war in Gaza, where Palestinian health authorities said the death toll from Israeli strikes now exceeded 10,000. Israel has rebuffed mounting international pressure for a ceasefire, saying hostages taken by  Hamas militants  during their rampage from Gaza into southern Israel on Oct. 7 should be released first. Hamas says it will not free them while Gaza is under assault.