U.S. auto regulators said Wednesday they want to require automakers to collect more crash data from event data recorders- more commonly known as "black boxes."
U.S. auto regulators said Wednesday they want to require automakers to collect more crash data from event data recorders- more commonly known as "black boxes."
U.S. President Joe Biden has publicly criticized oil and gas executives for banking big profits from high gasoline prices but he has rarely spoken directly to the heads of energy companies or their representatives, White House records and interviews with industry sources show.
U.S. President Joe Biden has publicly criticized oil and gas executives for banking big profits from high gasoline prices but he has rarely spoken directly to the heads of energy companies or their representatives, White House records and interviews with industry sources show.
The European aviation industry is ready to shift to carbon-neutral flying as the industry traditionally stands for progress but it would need business and political support to achieve the goal, German Chancellor Olaf Scholz said on Wednesday.
Spending in the global oil exploration and production industry is "poised to accelerate broadly" and drive an increase in production, Olivier Le Peuch, chief executive of top oilfield firm Schlumberger (SLB), said on Wednesday. Le Peuch also anticipates improved pricing in the oilfield services sector, driven by performance and capital discipline across the industry.
Major automakers and industry suppliers on Wednesday urged Congress to move quickly to pass $52 billion in subsidies for U.S. semiconductor production, according to a letter seen by Reuters. A persistent shortage of chips has disrupted the automotive and electronics industries, forcing some firms to scale back production.
Major automakers and industry suppliers on Wednesday urged Congress to move quickly to pass $52 billion in subsidies for U.S. semiconductor production, according to a letter seen by Reuters. A persistent shortage of chips has disrupted the automotive and electronics industries, forcing some firms to scale back production.
The financial sector should not bet on remaining deadlines changing for the phasing out of the use of Libor interest rates, Britain's Financial Conduct Authority said on Wednesday. Helen Boyd, head of markets policy at the FCA, said the market had "categorically proven" it can ditch the London Interbank Offered Rate or Libor, a widely used rate tarnished after banks tried to rig it.
Brazilian payments fintech Ebanx said on Tuesday it had laid off about 20% of its staff, joining billion-dollar tech companies across the country bracing for a gloomy economic landscape. Ebanx's dismissal of 340 employees is the latest in a wave of large Brazilian startups who have announced they are slimming down amid high inflation, shrinking capital pools, and rising interest rates.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required