Samsung unveils new foldable phones to challenge Apple’s premium dominance
By Joyce Lee SEOUL (Reuters) – Samsung Electronics unveiled its latest foldable smartphones on Wednesday, keeping prices around the same…
2023
US charges British billionaire Joe Lewis with insider trading
By Jonathan Stempel and Luc Cohen NEW YORK (Reuters) -The British billionaire Joe Lewis has been criminally charged in New…
Union Pacific appoints former executive Jim Vena as CEO
Union Pacific Corp on Wednesday named former chief operating officer Jim Vena as its top boss, months after CEO Lance…
Binance withdraws application for crypto license in Germany
(Reuters) -Binance has withdrawn its application for a crypto license in Germany, suggesting the world’s biggest cryptocurrency exchange is rethinking…
Limited support for central bank digital currencies in global investment industry survey
By Marc Jones LONDON (Reuters) – The most comprehensive survey of the global investment industry on central bank digital currencies…
Stellantis CEO says Tesla margins hurt as EV maker faces reality check
MILAN (Reuters) – Stellantis head Carlos Tavares said on Wednesday that the profitability of Tesla was declining as the rival…
Nissan roughly doubles first-quarter profit, lifts outlook
TOKYO (Reuters) – Japan’s Nissan Motor roughly doubled its first-quarter profit on Wednesday, boosted by higher production and sales in…
Stellantis tops forecasts, looks to cost cuts to keep margins strong
By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) -Revenue and operating profit grew at Stellantis in the first half to…
Hyundai Motor lifts full-year outlook as Q2 profit up 15%
By Heekyong Yang and Ju-min Park SEOUL (Reuters) -South Korea’s Hyundai Motor Co raised its annual sales and profit margin…
Liftmaker Otis beats analyst estimates for quarterly profit, revenue
(Reuters) – Liftmaker Otis Worldwide posted second-quarter revenue and profit above analysts’ estimates on Wednesday, fueled by sustained demand for…