BEIJING (Reuters) -China will step up macro-economic policy support for the economy, state media quoted Premier Li Keqiang as saying on Tuesday, after data showed growth unexpectedly slowed last month. China’s economy continued to recover in July, but there were “small fluctuations”, Li said during a video meeting with senior officials from six major provinces…
FRANKFURT (Reuters) – Tesla can continue referring to the capabilities of its driver assistance system and to autonomous driving in its advertising in Germany after a court threw out a complaint against the practice. Germany’s Wettbewerbszentrale, an industry-sponsored body tasked with policing anti-competitive practices, had filed the so-called non-admissibility complaint with Germany’s Federal Court of…
SALT LAKE CITY (AP) — For the second year in a row, Arizona and Nevada will face cuts in the amount of water they can draw from the Colorado River as the West endures more drought, federal officials announced Tuesday. The cuts planned for next year will force states to make critical decisions about where…
By Joseph White DETROIT (Reuters) – Stellantis NV’s Dodge brand plans to squeeze maximum profit from the farewell party for its petrol-burning Challenger and Charger muscle cars, which are scheduled to go out of production at the end of next year, the company said on Monday. Dodge will offer seven low-volume “heritage-influenced” versions of the…
Billionaire philanthropist MacKenzie Scott donated $38.8 million to Junior Achievement USA and 26 local operations — the largest single gift in its 103-year history — the national education nonprofit announced Tuesday. Like all of Scott’s nearly $12 billion in donations since 2019, her gift to Junior Achievement USA is unrestricted, meaning the Colorado-based nonprofit, which…
DALLAS (AP) — American Airlines has agreed to buy up to 20 supersonic jets and put down a non-refundable deposit on the planes that are still on the drawing board and years away from flying. Neither American nor the manufacturer Boom Supersonic would provide financial details Tuesday, including the amount of American’s deposit. American, which…
(Reuters) – American Airlines Group Inc on Tuesday agreed to buy up to 20 ultra-fast jets from Boom Supersonic, with an option to purchase 40 more, becoming the second major U.S. airline to bet on supersonic passenger travel. American has made a non-refundable deposit on the initial 20 Overture jets, the companies said in a…
By Uday Sampath Kumar and Siddharth Cavale (Reuters) -Walmart Inc nudged up its annual profit forecast on Tuesday, partly reversing a hefty cut less than a month ago, as discounts to clear excess merchandise and lower fuel prices helped it beat expectations for quarterly sales. The stock, which has fallen over 8% this year, rose…
Home Depot is seeing sustained demand for goods related to home improvement projects despite soaring prices and mortgage rates for homes. Despite record profit and revenue, the Atlanta home improvement chain maintained its guidance for the year. Revenue for the three months ended July 31 rose 6.5% to $43.79 billion, which topped projections of $43.35…
NEW YORK (AP) — With inflation hovering near levels not seen in 40 years, higher-income Americans turned to Walmart to cut costs on groceries while its lower-income customers swapped out deli meats for less expensive hot dogs and canned tuna. That boosted sales for Walmart in the second quarter, the company reported Tuesday, but the…
