By Victoria Waldersee BERLIN (Reuters) -Daimler Truck reported a 27% jump in third-quarter unit sales to nearly 135,000 on Friday…
No easy fix for China as economy slows more than expected
By Kevin Yao BEIJING (Reuters) – An unexpectedly weak run of Chinese economic data this month has raised the heat…
Richemont stock soars as jewellery business sparkles
By John Revill and Mimosa Spencer ZURICH (Reuters) -Luxury goods group Richemont’s shares soared as much as 21% in early…
EU exec revises up 2022 euro zone growth forecast, sees bigger slowdown in 2023
BRUSSELS (Reuters) – The euro zone economy will grow more than previously expected in 2022, the European Commission forecast on…
BoE’s Bailey says efforts to curb inflation likely to take 18 months to 2 years
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Friday that efforts to bring inflation under control were…
Berkshire Hathaway sells $145 million of shares in China’s BYD, filing shows
HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 5.78 million Hong Kong-listed shares…
Malaysia posts fastest economic growth in over a year, outlook clouded
By Rozanna Latiff and Mei Mei Chu KUALA LUMPUR (Reuters) -Malaysia’s economy expanded at its fastest pace in over a…
Exclusive-Apple supplier Foxconn plans to quadruple workforce at India plant-sources
By Sudarshan Varadhan and Yimou Lee NEW DELHI/TAIPEI (Reuters) – Apple supplier Foxconn plans to quadruple the workforce at its…
TuSimple names new CEO, replaces ex-boss fired after probe into ties to Chinese firm
(Reuters) – TuSimple Holdings Inc’s former chief executive Cheng Lu is returning to the role, days after the self-driving trucking…
Moody’s cuts India’s 2022 GDP growth forecast to 7%, sees 2023 growth at 4.8%
MUMBAI (Reuters) – Rating agency Moody’s cut India’s growth projections for the current and next calendar year due to higher…