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Sept 3 (Reuters) – EV maker Polestar on Thursday cut its full-year delivery forecast, hurt by Washington’s crackdown on Chinese-linked vehicles that forced it out of the United States. The Swedish company, which is majority-owned by China’s Geely Holding, now expects its annual volume growth to be low-to-mid single-digit, from a previous forecast of low double-digit growth. Here are more details: • In June, Polestar became the first automaker to be forced […]

MADRID, Sept 3 (Reuters) – Spain has found no evidence to conclude that July’s deadly border rush from Morocco into its enclave of Ceuta was orchestrated by Moroccan authorities, Prime Minister Pedro Sanchez said on Thursday, countering allegations in a Spanish police report. Speaking in parliament, Sanchez responded to claims in the report that emerged this week suggesting the entry of over 70,000 people into Ceuta was not a spontaneous migration […]

By Chris Kirkham and Akash Sriram Sept 3 (Reuters) – Tesla will unveil its two-seater Cybercab at an event in Texas on Thursday, offering a closer look at the autonomous vehicle that CEO Elon Musk has said is key to transforming the company into a dominant force in driverless vehicles. The electric-vehicle maker has a limited “robotaxi” ridehailing service with a network of autonomous Model Ys, some with human safety […]

By Mike Dolan Sept 3 (Reuters) – Some calm has returned to world markets over the past 24 hours as oil prices steadied and the angry bond market cooled down a bit. There were no breakthroughs in the Gulf standoff between the U.S. and Iran, but President Donald Trump indicated an intention to limit the duration of the latest round of attacks, and top aides are seeking “quiet” in the […]

By Nicole Jao NEW YORK, Sept 3 (Reuters) – Don Skalka spent two decades as an operations specialist at the largest oil refinery in the Midwest, a well-paid job he enjoyed so much he brought his own children into the work. But in March, BP locked out its workers at the Whiting, Indiana, refinery in a dispute with the union over its next contract. Skalka has gone without a paycheck […]

SEOUL, South Korea (AP) — South Korean police are pushing for an indictment of music tycoon Bang Si-Hyuk, the chairperson of the agency behind K-pop supergroup BTS, over alleged investor fraud. The Seoul Metropolitan Police Agency referred Bang to the Seoul Southern District Prosecutors’ Office on Thursday, asking him to be indicted on a charge of violating the capital markets act, according to the police agency and the prosecutor’s office. […]

Iran fired at Kuwait Thursday, continuing its retaliation for U.S. bombardments earlier in the week. Meanwhile, Israeli Prime Minister Benjamin Netanyahu is trying to unite Israel’s right wing before elections this October. Here’s a look at the latest developments in the Iran war and the wider Middle East. Full coverage can be found here. Sirens sounded in Kuwait early Thursday, where air defenses intercepted missile and drone attacks during a […]

MBALE, Uganda (AP) — Ugandan authorities on Wednesday named the country’s prospective crude oil blend “Pearl Sweet,” marking a milestone as the East African country gears up for commercial production by the end of the year. Officials announced the name at a remote oil infrastructure site, celebrating Uganda’s emergence as an oil producer. The name chosen for Uganda’s crude oil blend is a nod to Winston Churchill’s description of Uganda […]

OSLO, Norway (AP) — Norwegian authorities seized a Russian vessel in the Arctic archipelago of Svalbard on Wednesday at the request of Ukraine’s Naftogaz as part of a global effort to enforce a $4.22 billion arbitration award. Naftogaz is trying to recover the multibillion-dollar arbitration award stemming from Russia’s 2014 illegal annexation of Crimea and its seizure of Ukrainian energy assets, including gas fields and pipelines. In 2023, an arbitration […]