October, 2022

• 2 October

  US eyes regular aid to Ukraine, pushes EU to do more

    Bloomberg The US is willing to support Ukraine’s finances with $1.5 billion a month in aid throughout the war against Russia and is pushing its European allies to commit to similar amounts, according to people familiar with the matter. The Biden administration, which signed off last week on $4.5 billion in grants to cover the rest of the year, ...

  Read More »
• 2 October

  Thousands march in UK cities to protest on cost-of-living crisis

  

  Bloomberg A series of protests filled the streets of the largest UK cities, with people rallying for causes ranging from a cost-of-living crisis and pay rises to protecting the climate. Across Britain, in cities including London, Edinburgh, Swansea and Liverpool, protesters gathered for marches coordinated by the campaign Enough is Enough. They are demanding support to face surging prices, in ...

  Read More »
• 2 October

  Hurricane Ian to cost US insurers $63bn in claims

  

  Bloomberg Hurricane Ian will cost private US insurers $63 billion in claims and will cause the largest storm-related losses in Florida’s history, according to an estimate from a risk modeling firm. The forecast includes losses to residential, commercial and industrial properties as well as automobiles, Karen Clark & Co. said in a report. Previous estimates cited by industry analysts put ...

  Read More »
• 2 October

  Tesla set to hit delivery record in rebound from supply strains

  

  Bloomberg Tesla Inc is expected to announce record quarterly deliveries as the electric-vehicle giant tries to recover from supply-chain snarls that crimped output earlier this year. The totals are poised for release this weekend once Tesla finishes sales, the last day of the quarter. Deliveries are one of the most closely watched metrics by investors, underpinning Tesla’s financial results and ...

  Read More »
• 2 October

  Intel’s self-driving technology Mobileye unit files for IPO

  

    Bloomberg Intel Corp. has filed for an initial public offering of its self-driving technology business, Mobileye Global Inc., braving the worst market for new US listings since the financial crisis more than a decade ago. The company didn’t disclose terms of the planned share sale in its filing Friday with the US Securities and Exchange Commission. Mobileye will continue ...

  Read More »
• 2 October

  French car sales pursue rebound in September

    Bloomberg French new car registrations extended a rebound in September, after being hit by the fallout from the war in Ukraine in the first half of the year. France’s new passenger car sales rise 5.5% from a year earlier to 141,142, the PFA auto association said in a statement. That followed a pick-up in sales starting in August. Earlier ...

  Read More »
• 2 October

  Software robots are making inroads in white-collar office world

  

    Bloomberg First they came for factory jobs. Then they showed up in service industries. Now, machines are making inroads into the kind of white-collar office work once thought to be the exclusive preserve of humans. The latest wave of automation is building on advances in artificial intelligence and machine-learning that allow computers to perform tasks like speech recognition, and ...

  Read More »
• 2 October

  Hyundai mulls speeding up construction of US EV plant

  

    Bloomberg Hyundai Motor Group is contemplating building its first electric-vehicle plant several months earlier than scheduled amid disputes over a new US clean energy law, according to people familiar with the matter. The Seoul-based automaker is looking at whether it is feasible to complete construction of a US plant in Savannah, Georgia around October 2024, the people said, asking ...

  Read More »
• 2 October

  Apple’s tech supply chain shows difficulty of dumping China

  

    Bloomberg American companies have had a growing list of reasons to downgrade their ties with China in recent years. Former President Donald Trump’s tariffs. Beijing’s stringent Covid lockdowns. The US-Sino standoff over Taiwan. Political pressure to “friend-shore” supply chains towards nations aligned with Washington. But breaking up, as the adage goes, is hard to do. That conclusion is evident ...

  Read More »
• 2 October

  RoboSense seeks $150m in new round

    Bloomberg RoboSense, a Chinese developer of sensor technologies used in self-driving cars, is raising about $150 million in a new funding round to bankroll its product expansion, according to people familiar with the matter. The latest round has drawn investors including China Structural Reform Fund and Mirae Asset Securities Co., said the people, who asked not to be identified ...

  Read More »