BEIJING/SHANGHAI, August 3 (Reuters) – U.S. automaker Tesla sales of its China-made vehicles slumped 31% in July from a month earlier, data from the China Passenger Car Association (CPCA) showed on Thursday, as the company prepared its Shanghai plant for the upcoming new Model 3. The drop was the first month-on-month decline in sales of…
ATHENS (Reuters) – Amnesty International and Human Rights Watch on Thursday called for a “credible” probe into a migrant shipwreck off Greece in June in which hundreds died, saying that contrasting accounts by the Greek coastguard and survivors “were extremely concerning”. The overcrowded fishing trawler said to be carrying between 400-750 people from Pakistan, Syria…
By Jake Spring and Gabriel Stargardter SAO PAULO (Reuters) – When the presidents of Amazon nations including Brazil, Peru and Colombia meet at a regional summit next week, they will train their sights on a new breed of criminal just as comfortable chopping down the rainforest as shipping drugs overseas. “Narco-deforestation,” as it was referred…
By Orhan Coskun and Karin Strohecker ISTANBUL/LONDON (Reuters) – Turkish Central Bank Governor Hafize Gaye Erkan and Finance Minister Mehmet Simsek will attend a meeting with investors being held by JP Morgan in Istanbul on Friday, sources close to the matter told Reuters. The Turkish central bank and finance ministry declined to immediately comment on…
By Paul Sandle LONDON (Reuters) -Aero-engineer Rolls-Royce on Thursday reported a strong recovery in profit as its new CEO’s turnaround plan gathers pace, helped by better pricing for maintaining the engines that power long-haul aircraft like the Airbus A350 and Boeing 787. The British company reported first-half underlying operating profit of 673 million pounds ($854…
TORONTO (Reuters) – Greater Toronto Area (GTA) home prices fell in July for the second straight month and home sales tumbled nearly 30% as the Bank of Canada continued to raise borrowing costs. The average price of an area home fell 5.4% in July from June to C$1,118,374 ($837,796), while the number of sales declined…
By Josh Ye HONG KONG (Reuters) – Chinese tech giant Alibaba Group’s cloud computing unit released two open-sourced artificial intelligence (AI) models on Thursday in a bid to take on Meta Platform. The Hangzhou-based company said it has open-sourced two large language models (LLM), a type of AI model, named Qwen-7B and Qwen-7B-Chat on Thursday…
By Fergal Smith TORONTO (Reuters) – Analysts have raised their bullish forecasts on the Canadian dollar as central banks globally, including the Federal Reserve, move closer to concluding interest rate hiking campaigns, a Reuters poll showed on Thursday. The median forecast of nearly 40 currency analysts was for the loonie to strengthen about 2.0% to…
By Layli Foroudi DNIPRO, Ukraine (Reuters) – When the body of 34-year-old Liubov Borniakova was found in her home in the city of Dnipro in central Ukraine in January, it was marked with 75 bruises, according to the coroner’s report. Her husband, Yakov Borniakov, had been laying low inside their apartment during the previous month,…
LONDON (Reuters) – Growth across British services companies slowed last month to its lowest level since January, a business survey confirmed on Thursday ahead of the Bank of England’s interest rate decision. The final reading of the UK S&P Global Services Purchasing Managers’ Index (PMI) fell in July to 51.5 from 53.7 in June, unchanged…