Germany approves first draft of 2024 budget focused on ‘fiscal realities’
BERLIN (Reuters) -Germany’s cabinet approved the first draft of its 2024 budget and financial plans through 2027, the finance ministry…
Business
Canada’s Quebecor to pull its ads from Facebook, Instagram
(Reuters) -Quebecor said on Wednesday it will pull its ads from Facebook and Instagram, following Meta Platforms’ decision to stop…
Eurozone blue-chips slide on China weakness, rate worries
By Amruta Khandekar and Shreyashi Sanyal (Reuters) -Eurozone blue-chip stocks fell on Wednesday as tech shares were pressured ahead of…
Mars to buy healthy food maker Kevin’s Natural Foods
By Anirban Sen and Abigail Summerville NEW YORK (Reuters) -Family-owned food giant Mars Inc on Wednesday agreed to buy Kevin’s…
Duke Energy to sell distributed generation portfolio in $364 million deal
(Reuters) – Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity…
EV batteries remain major challenge for insurers – UK’s Thatcham
By Nick Carey LONDON (Reuters) -A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are…
Western businesses must find a way to work with China-Stellantis CEO
MILAN (Reuters) -The head of carmaker Stellantis said Beijing’s decision to restrict exports of two metals widely used in semiconductors…
Automakers’ contract negotiations will decide potential EV future for idled Illinois plant
By Bianca Flowers BELVIDERE, Illinois (Reuters) – A shuttered Illinois Jeep assembly plant will be at the center of a…
GM quarterly auto sales rise 19% on strong demand
(Reuters) – General Motors on Wednesday reported a 19% rise in second-quarter U.S. auto sales as easing supply chain pressures…
Stellantis unveils new platform underpinning move to electric vehicles
MILAN (Reuters) – Stellantis on Wednesday unveiled its new ‘STLA Medium’ vehicle platform, the first of four new electric-centric bases…