By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd’s quarterly profit will likely plunge 58% to its lowest in…
Tesla, EV rivals absorb costs after China pulls plug on subsidy
SHANGHAI (Reuters) – China’s decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including…
Tech firms lead companies with most December job cuts -report
By Michael S. Derby NEW YORK (Reuters) – American technology firms dominated the number of announced job cuts in December,…
Ukraine suffers biggest economic fall in independent era due to war
By Olena Harmash KYIV (Reuters) -Ukraine suffered its sharpest economic decline in over 30 years in 2022 because of the…
Continental partners with AI chip firm Ambarella on autonomous driving
BERLIN (Reuters) – Germany’s Continental and California-based artificial intelligence chip firm Ambarella announced a partnership on Thursday to make software…
Morning Bid: Rate cut talk, already!
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe Forget peak U.S. interest rates for…
Tesla’s Dec sales of China-made cars fall to the lowest in five months
SHANGHAI (Reuters) -Tesla Inc delivered 55,796 China-made electric vehicles in December, the lowest level in five months, according to data…
Volvo Cars’ sales rise in December, but down for 2022 amid supply chain headwinds
STOCKHOLM (Reuters) -Sweden-based Volvo Cars said on Thursday its car sales grew in December but fell for the full year…
India’s FY24 growth to dip to 5.5% from 6.8% in FY23 – HSBC economist
MUMBAI (Reuters) – India’s economy is expected to grow 5.5% in the next financial year, a notch below the expected…
Walmart paid most of $1 billion tax for PhonePe shifting base to India
By Nandan Mandayam BENGALURU (Reuters) – Walmart Inc late on Wednesday confirmed that it had already paid the Indian government…