Nissan Warns Of Flat Profit As Chip Shortage Becomes ‘new Normal’
By Satoshi Sugiyama TOKYO (Reuters) -Nissan Motor Co expects flat operating profits this fiscal year, far below analysts’ expectations, as…
May 12, 2022
G7 foreign ministers meet to discuss Ukraine war, impacts
BERLIN (AP) — Top diplomats from the Group of Seven wealthy nations are gathering in northern Germany to discuss the…
Apple Supplier Foxconn Sees Challenges Ahead In China COVID Curbs, Inflation
By Yimou Lee and Sarah Wu TAIPEI (Reuters) -Apple supplier Foxconn warned that current-quarter revenue for its electronics business including…
Volkswagen’s EV Business As Profitable As Combustion Engines Sooner Than Planned – CEO
BERLIN (Reuters) – Volkswagen expects its electric vehicle business to be as profitable as its fossil fuel-burning cars sooner than…
Japan’s Nissan returns to profit despite chips shortages
TOKYO (AP) — Japanese automaker Nissan returned to profitability in the last fiscal year for the first time in three…
SoftBank’s Vision Fund Posts Record $26 Billion Loss As Tech Stocks Take A Beating
By Sam Nussey TOKYO (Reuters) -Japan’s SoftBank Group Corp reported a record $26.2 billion loss at its Vision Fund investment…
Protesters vent fury at French company for staying in Russia
WARSAW, Poland (AP) — A man in a Russian military uniform stood at the entrance of a large home improvement…
Finland’s leaders advocate NATO membership ‘without delay’
HELSINKI (AP) — Finland’s president and prime minister said Thursday they’re in favor of rapidly applying for NATO membership “without…
UK Economy Unexpectedly Shrinks In March As Recession Risks Loom
By David Milliken and William Schomberg LONDON (Reuters) – Britain’s economy unexpectedly shrank 0.1% in March after a slump in…
India Seeks To Restore Block On $725 Million Of Xiaomi’s Bank Assets
MUMBAI (Reuters) -India’s financial crime fighting agency asked a court on Thursday to re-instate a freeze on $725 million in…