By Tilman Blasshofer WINTZENHEIM, France (Reuters) – Eleven people died in a fire that tore through a holiday home for disabled people in eastern France in the early hours of Wednesday, officials said. The blaze broke out around 6.30 a.m. (0430 GMT), as the holiday-goers with learning disabilities and their carers were still asleep in…
(Reuters) – General Motors is still struggling to ramp up production of electric vehicles, a top executive said on Wednesday. Speaking at a J.P. Morgan investor conference, GM Chief Financial Officer Paul Jacobson said the automaker’s electric vehicles, from Cadillac Lyriq SUVs to BrightDrop vans, had been affected by an issue with assembling battery modules…
By Samrhitha A (Reuters) -Online gaming platform Roblox missed estimates for second-quarter bookings on Wednesday as waning demand for its online games and intensifying competition hurt growth, sending its shares down nearly 20%. Shares of the company were set for their worst day in 10 months and on track to erase nearly all its gains…
TOKYO (Reuters) -Japan’s Honda Motor reported a 78% rise in quarterly profit on Wednesday, boosted by increased sales, especially in the North American market, and a weaker yen. Japan’s second-biggest automaker by sales said its operating profit totalled 394.4 billion yen ($2.76 billion) in the three months through June, handily beating the average 324.74 billion…
By Joanna Plucinska, Rajesh Kumar Singh, Doyinsola Oladipo and Priyamvada C LONDON/CHICAGO/NEW YORK (Reuters) -The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings. While questions linger about how much longer consumers will continue to indulge,…
MEXICO CITY (Reuters) -Mexico saw its annual inflation rate slow for the sixth consecutive month in July to 4.79%, data from statistics agency INEGI showed on Wednesday, continuing a downward trend spurred by a long cycle of interest rate hikes. Headline inflation was in line with a market forecast of 4.79%, a more than a…
By Sarupya Ganguly and Indradip Ghosh BENGALURU (Reuters) – U.S. Treasury yields will fall in coming months despite clear signs the Federal Reserve is reluctant to consider rate cuts any time soon, according to bond strategists polled by Reuters who said the 10-year yield would not revisit its cycle peak. Although yields have mostly defied…
By Angelo Amante and Valentina Za ROME (Reuters) -Prime Minister Giorgia Meloni on Wednesday defended the decision to impose a surprise windfall tax on profits at Italy’s banks after the government watered down the plan following a market rout. The economy ministry clarified late on Tuesday that the 40% windfall tax, a one-off measure which…
By Ben Blanchard and Friederike Heine TAIPEI/BERLIN (Reuters) -Taiwan said on Wednesday chipmaker TSMC’s 3.5 billion euro ($3.83 billion) investment in Germany would drive deeper engagement between the island and Europe, while Berlin said it was a positive sign for bilateral ties. For Taiwan, under increasing pressure from Beijing to accept China’s sovereignty claims over…
KYIV (Reuters) – Ukraine’s annual consumer inflation slowed to 11.3% in July compared with the same month a year ago, the statistics service said on Wednesday. It said in a statement that consumer prices fell by 0.6% in July compared with June mainly thanks to a seasonal drop in vegetable prices. It said vegetable prices…
