Tesla cuts prices of some models in Germany and Europe
FRANKFURT (Reuters) - Tesla is cutting prices of some models in Germany and elsewhere in Europe, the Middle East and Africa, a spokesperson said on Sunday.
Today: May 03, 2024
Technology
China is sending a probe to get samples from the less-explored far side of the moon
China is preparing to launch a lunar probe that would land on the far side of the moon and return with samples that could provide insights into differences between the less-explored region and the better-known near side
Morning Bid: Eyes on PMIs for rebound signs
A look at the day ahead in European and global markets from Tom Westbrook Purchasing Managers Index figures begin a data and corporate results heavy week.
Short sellers pocket record weekly profit from Big Tech selloff
(Reuters) - Traders who bet against the "Magnificent 7" group of big U.S. tech stocks booked their biggest-ever weekly profit of more than $10 billion last week, with the biggest gains coming from
Germany arrests three people suspected of giving technology to China
By Andrey Sychev and Rachel More BERLIN (Reuters) - Three Germans have been arrested on suspicion of working with the Chinese secret service to hand over technology that could be used for military
Exclusive-Venezuela to accelerate cryptocurrency shift as oil sanctions return
By Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS (Reuters) -Venezuela's state-run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the U.S. reimposes
GE Aerospace lifts 2024 profit forecast amid supply-chain challenges
By Rajesh Kumar Singh and Abhijith Ganapavaram (Reuters) -GE Aerospace on Tuesday raised its full-year profit forecast even as it continues to wrestle with supply-chain challenges to keep up with
Toyota's scandal-hit Daihatsu aims to resume vehicle development this year
By Maki Shiraki TOKYO (Reuters) - Scandal-hit Toyota Motor subsidiary Daihatsu aims to fully resume developing vehicles by as early as the end of this year, the president of the compact carmaker told
Biden's re-election campaign won't stop using TikTok
By Nandita Bose WASHINGTON (Reuters) - Joe Biden's reelection campaign plans to continue using TikTok, a campaign official said on Wednesday, shortly after the U.S. president signed into law a bill
E-waste is overflowing landfills. At one sprawling Vietnam market, workers recycle some of it
The world is producing more electronic waste than ever — 62 million metric tons in 2022
Comcast blacks out 15 regional sports networks in contract dispute with distributor
Comcast has blacked out 15 regional sports networks offered by Bally Sports, escalating a contract dispute with their distributor
Rampup costs weigh on Q1 but Airbus hikes A350 output goal
PARIS (Reuters) -Airbus posted weaker-than-expected first-quarter operating profit and cashflow as it hires more staff to prepare for rising demand, but reaffirmed its financial goals for 2024 despite
BlackRock-backed Decarbonization Partners raises $1.4 billion for first fund
By Simon Jessop LONDON (Reuters) - Climate-focused investor Decarbonization Partners, a tie-up between BlackRock and Singaporean state investment firm Temasek, said on Thursday it had raised a higher-
Hipgnosis' bidding war intensifies as Concord hikes offer for Shakira music owner
(Reuters) -Shares of Hipgnosis Songs Fund climbed on Thursday after Apollo-backed Concord outbid a proposal by private equity giant Blackstone, launching a bidding war for the owner of music rights of
Ukraine, Israel bill to bolster Lockheed, RTX profits
By Mike Stone WASHINGTON (Reuters) - Lockheed Martin Corp and RTX Corp, fresh off a surge of orders in response to Russian aggression against Ukraine and the war in Gaza, stand to profit from $95
US food regulator gathering information on Indian spices after alleged contamination
By Rishika Sadam and Aditya Kalra HYDERABAD (Reuters) -The U.S.
South Korea to consult Naver, after report firm faces Japan pressure to divest stake
By Hyunsu Yim and Katya Golubkova SEOUL (Reuters) - South Korea said on Saturday it will consult with Naver, after media reported that the domestic internet company was under pressure from Japan to
Global stocks gain on Big Tech lift; yen slides to 34-year low
By Chris Prentice and Naomi Rovnick NEW YORK/LONDON (Reuters) -Global stocks were higher on Friday as Big Tech gains lifted Wall Street shares, while Japan's yen sank to a 34-year low after the Bank
Phillips 66 misses first-quarter profit estimates on weaker margins
By Sourasis Bose and Nicole Jao (Reuters) -Oil refiner Phillips 66 reported a first-quarter earnings miss on Friday, as seasonal maintenance and a renewable fuels conversion project at its Rodeo,
Exclusive-UAE planning second nuclear power plant, sources say
By Alexander Cornwell and Maha El Dahan DUBAI (Reuters) -The United Arab Emirates will tender shortly for the construction of a new nuclear power plant that would double the number of the small Gulf
Why BYD's EV exports sell for twice the China price
By Nick Carey and Ben Klayman LONDON (Reuters) - U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles.
Hertz Global eyes worst day on record as EV rental business falters
(Corrects paragraph 2 to say taking total planned EV sales to 30,000 this year, not 300,000) (Reuters) - Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage fall
As demand for US LNG booms, one plant struggles to stay online
By Curtis Williams HOUSTON (Reuters) -The second-largest U.S. liquefied natural gas (LNG) export facility has been running below 80% of its capacity due to technical problems, data from financial firm
China's BYD shows effects of price war with weaker first-quarter earnings
BEIJING (Reuters) -Chinese electric vehicle (EV) maker BYD posted its weakest quarterly profit growth since 2022 on Monday while its revenue growth slowed to the lowest level in nearly four years, hit
Turkish grocery delivery company Getir pulls out of Europe, U.S
By Ebru Tuncay ISTANBUL (Reuters) -Turkish delivery company Getir will withdraw from its remaining European and U.S. markets to focus on its main home market, it said on Monday, marking an abrupt
