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STOCKHOLM, Dec 5 (Reuters) – Tesla launched the new, lower-priced version of its Model 3 car in Europe on Friday, a few months after releasing it in the United States, the company’s website showed. The new Model 3 Standard is aimed at reinvigorating demand, the electric vehicle maker has said. The move follows the October launch of a lower-priced Model Y crossover in Europe and comes as Tesla seeks to […]

Mathew Barzal had a goal and two assists Thursday night and the New York Islanders never trailed as they ended the Colorado Avalanche’s 17-game point streak with a 6-3 win in Elmont, N.Y. The regulation loss was just the second of the season for the Avalanche, who went 14-0-3 following a 3-2 loss to the Boston Bruins on Oct. 25. New York’s Anders Lee and Bo Horvat each had a […]

By Uditha Jayasinghe KANDY, Sri Lanka, Dec 5 (Reuters) – November to January are usually the busiest season for Herath Gedara Rohan Anil Kumara’s three-bedroom homestay in Sri Lanka’s hill country, famed for its tea plantations, historic sites and quaint villages. But after Cyclone Ditwah tore through the island last week, killing nearly 500 people, Kumara now finds himself in a relief centre, uncertain when he can rebuild his business. […]

Dec 5 (Reuters) – Citigroup on Friday set its 2026 year-end target for the STOXX 600 index at 640, broadly driven by fiscal spending and supportive monetary policy. The Wall Street brokerage’s target implies a 10.5% upside to the pan-European index’s last close on Thursday. The benchmark has risen 14% this year, thanks to Germany’s fiscal spending plans and interest rate cuts by the European Central Bank, but still trails […]

By Leika Kihara TOKYO, Dec 5 (Reuters) – Investors seeking clarity from the Bank of Japan on how much higher interest rates could go could be disappointed, former central bank officials say, as clear-cut estimates on neutral interest rates are too difficult and even counter-productive. Governor Kazuo Ueda’s hawkish signals on Monday have led markets to almost fully price in the chance of a hike in the BOJ’s policy rate […]

PARIS, Dec 5 (Reuters) – Airbus delivered 72 planes in November to reach 657 so far this year, the European planemaker said on Friday. The figure, underscoring a weak November cited by Airbus CEO Guillaume Faury after an industrial glitch, means the world’s largest planemaker has to deliver a near-record 133 planes in December to meet a newly revised 2025 goal of 790. November’s tally fell from 78 in the […]

ROME, Dec 5 (Reuters) – An Italian unit of e-commerce giant Amazon has paid compensation and scrapped a monitoring system for delivery staff, ending a probe into alleged tax fraud and illegal labour practices, sources with knowledge of the matter said on Friday. In July 2024 the group’s logistics services unit was accused of circumventing labour and tax laws, relying on cooperatives or limited liability companies that supplied it with […]

SEOUL, Dec 5 (Reuters) – South Korea’s industry ministry and SoftBank’s chip unit, Arm Holdings, have signed an agreement to strengthen the country’s semiconductor and Artificial Intelligence sectors, a presidential policy adviser said on Friday. The memorandum of understanding includes a plan for Arm to set up a chip design school in the country to tap its expertise in this area, Kim Yong-beom told reporters at a briefing. The programme […]

SAN FRANCISCO (AP) — A federal appeals court on Thursday rejected the Trump administration’s bid to halt an order requiring it to release millions of dollars in grants meant to address the shortage of mental health workers in schools. The mental health program, which was funded by Congress after the 2022 school shooting in Uvalde, Texas, included grants meant to help schools hire more counselors, psychologists and social workers, with […]