By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd’s quarterly profit will likely plunge 58% to its lowest in…
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,…
Kenya will not default on its debt payments -President Ruto
NAIROBI (Reuters) – Kenya will not default on its debt and plans to ramp up tax collection in the next…
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…
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…
Japan PM Kishida urges faster wage hikes to avoid stagflation
By Yoshifumi Takemoto and Tetsushi Kajimoto TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida called on Thursday for business leaders to…
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…