By Iain Withers and Lawrence White LONDON (Reuters) – Having hiked mortgage rates after political turmoil drove up the cost…
India’s Tata group, Airbus to make transport aircraft in Gujarat state
NEW DELHI (Reuters) – A consortium led by India’s Tata group and Airbus will manufacture the C-295 transport aircraft in…
Meta stock craters over bleak forecast and expensive metaverse bets
By Katie Paul and Chavi Mehta (Reuters) – Facebook parent Meta Platforms Inc on Wednesday forecast a weak holiday quarter…
U.S. chip industry body urges R&D infrastructure upgrade with Chips Act funds
By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Funds from the recently passed $52 billion Chips and Science Act should…
TotalEnergies, Shell post bumper profits, LNG business diverges
By Ron Bousso and Shadia Nasralla LONDON/PARIS (Reuters) – Europe’s two largest energy companies Shell and TotalEnergies reported profits of…
China’s Huawei slows its long decline under U.S. sanctions as revenues improve
By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies reported modest revenue growth for a second quarter on Thursday,…
Samsung boss Jay Y. Lee to build on late father’s legacy
By Joyce Lee SEOUL (Reuters) – As Samsung Electronics’ de facto leader Jay Y. Lee steps up as chairman, daunting…
Biden compares Republican economic plans to Britain’s Truss
WASHINGTON (Reuters) – U.S. President Joe Biden on Wednesday compared Republican plans on taxes and spending if they take control…
Down on chips, Toyota goes back to basics with car keys
TOKYO (Reuters) – Toyota Motor Corp has discovered that even keys can be too “smart” for their own good. The…
Marketmind: Sinking feeling
A look at the day ahead in European and global markets from Anshuman Daga The showman that he is, Tesla’s…