Author: Chief Editor

Tesla Inc (TSLA.O) is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker’s chief Elon Musk tweeted on Thursday. When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he said the Class 8 truck would go into production by 2019. However, the timeline has been pushed multiple times due to part shortages and Musk said the production would be delayed to next year. In August, he announced the planned production of the truck. In another tweet, Musk reiterated that the vehicle has a range of 500 miles…

Japan foreign reserves down for two straight months Japan’s $1.238 trillion reserves second largest after China Drop in reserves comes after last month’s FX intervention Authorities mum on speculation about selling U.S. Treasuries Never felt limit to “ammunitions” for FX intervention – Kanda Japan’s foreign reserves fell by a record $54 billion in September, official data showed on Friday, as global market ructions dented the value of foreign bonds and prompted dollar-selling intervention to arrest a steep decline in the yen. The reserves stood at $1.238 trillion at the end of September, the lowest amount since the end of March…

Around 10% of petrol stations in the Paris region are having problems getting enough fuel supplies, French government spokesman Olivier Veran said on Friday, as strikes at four TotalEnergies (TTEF.PA) refineries continue for a tenth day. Strike action and unplanned maintenance has taken offline more than 60% of France’s refining capacity- or 740,000 barrels per day (bpd) – forcing the country to import more when global supply uncertainty has increased the cost. A walkout by CGT trade union members at TotalEnergies mainly over pay has disrupted operations at two refineries and two storage facilities, and two Exxon Mobil (XOM.N) refineries have faced similar problems since…

To buy back up to $3 billion in debt Seen as bid to reassure nervous investors Move comes weeks ahead of planned overhaul Shares up as much as 3% in early trade Credit Suisse (CSGN.S) will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled Swiss bank said on Friday, making a show of strength as it seeks to reassure investors after a tumultuous week. The move trims the bank’s debts and is an attempt to bolster confidence after steep falls in its stock price and bonds. Unsubstantiated rumours that its future was in doubt have swirled…

Borussia Dortmund midfielder Jude Bellingham has made a hilarious claim after equaling former teammate and Manchester City striker Erling Haaland’s goalscoring record in the UEFA Champions League this season. Haaland scored twice for Manchester City against FC Copenhagen at the Etihad Stadium yesterday (October 5). In doing so, he became the first player to score in three consecutive Champions League matches this season. The Norwegian had previously found the back of the net against Borussia Dortmund and Sevilla. However, Jude Bellingham matched this record minutes later as he scored BVB’s second goal against Sevilla at the Estadio Ramon Sanchez Pizjuan. This meant the youngster had also…

Former Barcelona talisman Lionel Messi has a verbal pact with Paris Saint-Germain (PSG) to leave in January if he wishes to do so, as per AS journalist Manu Sainz (h/t BarcaUniversal). The decision-makers at Barcelona are willing to re-sign Messi and give him the farewell he deserves. The Argentina icon left Spotify Camp Nou under unfortunate circumstances last summer as the club failed to accommodate his financial demands on their books. However, he is reportedly not ruling out a return to the Catalan giants in the two upcoming transfer windows. Messi’s contract at PSG expires in 2023, although there is an option to extend it…

Tesla Inc (TSLA.O) shares fell about 5% on Monday after the world’s most valuable automaker sold fewer-than-expected vehicles in the third quarter as deliveries lagged way behind production due to logistic hurdles. The company’s shares were set to open at a more than two-month low as Tesla said it was unable to secure enough transportation for vehicles made at a reasonable cost during the peak time. It produced a record 365,923 vehicles in the quarter and delivered a new high of 343,830 vehicles, compared to market expectation of 359,162. “Third-quarter volume figures probably aren’t good enough to lure in fresh buyers of…

Shares of LogicBio Therapeutics (LOGC.O) skyrocketed on Monday after Britain’s AstraZeneca’s (AZN.L) said it would buy the U.S.-based gene therapy developer at a rare 660% premium for $68 million. LoigBio’s shares, which have traded below $1 since February, were up 637% at $2 before the bell, close to AstraZeneca’s offer price of $2.07 per share. LogicBio is developing gene editing therapies to treat pediatric rare disease like methylmalonic acidemia, where the body cannot break down certain proteins and fats. AstraZeneca said the deal would accelerate growth of its Alexion unit, which it acquired for $39 billion last year, in the field of genomic medicine.…

BBC Sport’s Simon Stone has claimed that Manchester United striker Cristiano Ronaldo has until Monday, 10 October, to respond to an assault charge by the FA. Cristiano Ronaldo clashed with a young Evertonian following Manchester United’s disappointing 1-0 defeat to the Toffees last season (April 9). In frustration, the Portuguese threw the child’s phone to the ground and received major backlash for the ordeal. He apologized on his Instagram account for the encounter, offering the fan a chance to visit an Old Trafford game of which his invitation was rejected. Ronaldo was charged with breaching FA rule E3 which deemed his conduct to be improper and/or…

French journalist Loic Tanzi has played down claims that Christopher Nkunku had undergone a medical for Chelsea, claiming that his appointment had nothing to do with his rumored transfer. According to the L’Equipe journalist, the Frenchman was only at the medical facility because of his insurance contract. On Thursday (September 29), German outlet BILD claimed that the RB Leipzig star had completed a secret medical for the Blues in Frankfurt in August (via Chelsea Transfer Room). Multiple sources have since confirmed the report, with sources claiming that the transfer could be finalized in the summer of 2023. Tanzi, however, has debunked the…