DETROIT (Reuters) – Stellantis will need four electric-vehicle battery plants in North America by 2030, the company’s North American chief…
ASML to report Q3 earnings as China, supply chain questions swirl
AMSTERDAM (Reuters) – Supply chain snags, spending cuts by customers and U.S. trade curbs on China are likely to be…
Stellantis expects semiconductor supply to be fixed by end of 2023
PARIS (Reuters) – Carmaker Stellantis expects the shortage in the supplies of semiconductor chips to be fixed by the end…
Salesforce shares jump on report that Starboard has taken a stake
(Reuters) – Starboard Value LP has taken a stake in Salesforce Inc, CNBC reported, citing the activist investment firm’s founder…
Temasek-backed Vertex set to raise nearly $500 million for new China-focused fund
BEIJING/HONG KONG (Reuters) – Venture capital firm Vertex Ventures, backed by Singapore state investor Temasek, is set to raise nearly…
Amazon to boost Thailand cloud infrastructure with $5 billion investment
(Reuters) – Amazon Web Services (AWS),the cloud computing division of Amazon.com Inc, said on Monday it plans to invest $5…
A Foxconn Tesla? Taiwan tech giant targets 5% of EV manufacturing by 2025
By Sarah Wu TAIPEI (Reuters) -Taiwanese tech giant Foxconn, best known for assembling Apple’s iPhone, said on Tuesday it hopes…
BYD flags huge quarterly profit jump as China sales surge past Tesla
(Reuters) -BYD Co, China’s biggest electric car maker, said third-quarter net profit likely more than quadrupled as it extends its…
Inflation drives global firms eastward in Europe in search of cost savings
By Michael Kahn and Anna Koper PRAGUE/WARSAW (Reuters) – Central European companies that provide remote, lower-cost business services for multinationals…
Australia, Singapore sign ‘green economy’ pact
By Lewis Jackson SYDNEY (Reuters) – Australia and Singapore agreed on Tuesday on a “green economy” deal to boost cooperation…