• Reuters

    Rivian jumps on Volkswagen's $5 billion 'vote of confidence' investment

    The investment will also bolster Rivian's depleting cash reserves, further its target of becoming profitable on a gross margin basis later this year and help it compete better in a market dominated by Tesla. "It's a big vote of confidence in the EV maker's prospects," said Susannah Streeter, head of money and markets at Hargreaves Lansdown. The news, however, came as a blow to auto parts and software supplier Aptiv as brokerage Piper Sandler said the deal, which will provide Volkswagen with Rivian's electrical architecture and software platforms, highlights the reducing reliance on third-party software in vehicles.

  • Associated Press

    Paris court to decide on validity of France's arrest warrant for Syrian President Bashar Assad

    The Paris appeals court is expected to decide on Wednesday whether to uphold an arrest warrant for Syrian President Bashar Assad that France issued last year for alleged complicity in war crimes during Syria's civil war. French judicial authorities issued international arrest warrants last November for Assad; his brother Maher Assad, the commander of the 4th Armored Division; and two Syrian generals, Ghassan Abbas and Bassam al-Hassan for alleged complicity in war crimes and crimes against humanity.

  • Reuters

    Euro zone yields edge up before inflation data, caution over France

    Euro zone government bond yields edged up on Wednesday as investors awaited inflation data from the U.S. and some members of the bloc on Friday, and the first round of a French legislative election during the weekend. The French debt risk premium remained within striking distance of its seven-year high, hit almost two weeks ago on fears of a budgetary crisis at the heart of Europe. A new French government led by Marine Le Pen's far-right National Rally (RN) would end the decades-long practice of running high budget deficits and stick to the European Union's fiscal rules, the party's financial pointman told Reuters.