Exclusive: Amazon, GM in talks to invest in electric pickup maker Rivian – sources

Exclusive: Amazon, GM in talks to invest in electric pickup maker Rivian – sources
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, January 19, 2019. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that will value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar... Read More

Amazon, GM in talks to invest in electric pickup maker Rivian: sources

Amazon, GM in talks to invest in electric pickup maker Rivian: sources
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, January 19, 2019. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that will value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar... Read More

Wall Street advances on trade hopes, deal to avert government shutdown

Wall Street advances on trade hopes, deal to avert government shutdown
NEW YORK (Reuters) – Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another partial federal government shutdown and by optimism surrounding U.S.-China trade negotiations. A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 8, 2019. REUTERS/Brendan McDermid All three major U.S. stock... Read More

Wall Street rises on trade hopes, deal to avoid government shutdown

Wall Street rises on trade hopes, deal to avoid government shutdown
NEW YORK (Reuters) – Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another government shutdown and by positive developments in the U.S.-China trade negotiations. A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 8, 2019. REUTERS/Brendan McDermid All three major U.S. stock... Read More

DHL hires hundreds of customs staff to prepare for no-deal Brexit

DHL hires hundreds of customs staff to prepare for no-deal Brexit
FILE PHOTO: Patrick Klankert, a 27-year-old truck driver of German postal and logistics group Deutsche Post DHL steers his truck at a DHL freight logistics centre located near the crossroads of Germany, France and Luxembourg in Sehlem, Germany, December 12, 2018. REUTERS/Wolfgang Rattay/File Photo AMSTERDAM (Reuters) – Deutsche Post DHL has hired hundreds of workers to deal with new customs... Read More

Exclusive: Walmart, Google-backed Deliv end online grocery partnership

Exclusive: Walmart, Google-backed Deliv end online grocery partnership
(Reuters) – Walmart Inc and logistics firm Deliv pulled the plug on a key same-day grocery delivery partnership, dealing a setback in the retailer’s race against rival Amazon.com Inc to deliver groceries to customers’ homes. FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File Photo The world’s largest retailer... Read More

Pentagon to review certification of Elon Musk’s SpaceX launch vehicles

Pentagon to review certification of Elon Musk’s SpaceX launch vehicles
SpaceX founder Elon Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Joe Skipper (Reuters) – The Pentagon will evaluate the certification for Elon Musk’s SpaceX launch vehicles to determine whether the U.S. Air Force complied with certain guidelines, according... Read More

U.S. must prevent air accidents involving drones, lawmaker warns

U.S. must prevent air accidents involving drones, lawmaker warns
WASHINGTON (Reuters) – The commercial drone industry could be torpedoed if there were a serious accident involving a drone and a commercial aircraft, the chairman of the U.S. House Transportation and Infrastructure Committee warned on Friday. FILE PHOTO: An airplane takes off at Gatwick Airport, after the airport reopened to flights following its forced closure because of drone activity, in... Read More

Exclusive: U.S. considers withdrawal of zero tariffs for India – sources

Exclusive: U.S. considers withdrawal of zero tariffs for India – sources
NEW DELHI (Reuters) – India could lose a vital U.S. trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid a widening dispute over its trade and investment policies, people with close knowledge of the matter said. FILE PHOTO: U.S. President Donald Trump holds a bilateral meeting with India’s Prime Minister Narendra... Read More

Winter storms, U.S. shutdown boost demand for private jets

Winter storms, U.S. shutdown boost demand for private jets
MONTREAL/CHICAGO (Reuters) – Harsh winter weather and the partial U.S. government shutdown boosted demand for private jets in January, according to three business aviation companies that recently reported an uptick last month in deep-pocketed travelers seeking alternatives to commercial flying. FILE PHOTO – A Transportation Security Administration (TSA) officer checks travelers identifications at LaGuardia Airport in New York after hundreds... Read More