Explainer – Why are other automakers chasing Tesla’s ‘Gigacasting’?
(Reuters) – Toyota Motor said this week it will adopt a technology Tesla pioneered known as “Gigacasting” as part of…
Business
Low-tax Switzerland votes on global minimum corporate tax rate
By John Revill ZURICH (Reuters) – Swiss citizens vote this weekend on whether to raise business tax to 15% from…
ProSiebenSat.1 planning ‘significantly bigger’ job cuts than before – CEO
By Klaus Lauer BERLIN (Reuters) – German media group ProSiebenSat.1 is preparing to cut significantly more staff than in previous…
Belgium’s Aliaxis withdraws offer for Finland’s Uponor
COPENHAGEN (Reuters) – Belgian water management group Aliaxis has withdrawn its public tender offer for Finland’s Uponor, the bidder said…
German wholesale prices down 2.6% y/y in May
BERLIN (Reuters) – Germany’s wholesale prices fell in May compared with the same month last year, according to data released…
Exclusive-Russia’s Sberbank to issue yuan bonds in 2023 if opportunity arises
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s dominant lender Sberbank will issue bonds in Chinese yuan this…
Tranquility reigns over markets still awash with cash, for now
By Naomi Rovnick and Harry Robertson LONDON (Reuters) – Soaring interest rates, slowing economic growth and a banking sector still…
Chinese automaker BYD reopens two Hong Kong showrooms after vandalism
HONG KONG (Reuters) – Chinese automaker BYD Co Ltd has restarted operations at two showrooms and a service centre in…
France’s Finance Minister pledges renewed push to cut public spending -FT
(Reuters) – French Finance Minister Bruno Le Maire will take a more stringent approach to public finances, he told the…
Indonesia’s May trade surplus to shrink to $3.02 billion – Reuters poll
JAKARTA (Reuters) – Economists surveyed in a Reuters poll expect Indonesia’s May trade surplus to shrink from the previous month,…