Panasonic delays production of new Tesla battery to improve performance
By Hyunjoo Jin and Kiyoshi Takenaka SAN FRANCISCO/TOKYO (Reuters) – Panasonic said on Wednesday that it will delay the commercial…
Business
Microsoft skips pay hikes this year amid sharp focus on AI
(Reuters) -Microsoft Corp said on Wednesday it will not raise salaries for full-time employees this year, citing tough economic conditions,…
U.S. prosecutor query, quarterly loss hit already reeling shares of Icahn’s company
(Reuters) -Billionaire Carl Icahn’s holding company said on Wednesday it was contacted by U.S. prosecutors, and it posted a surprise…
Europe needs to steer its own trade agenda, German economy minister says
BERLIN (Reuters) – With China and the U.S. fixated on each other, Europe is at risk of being paralysed in…
French central bank sees Q2 growth vs. Q1
PARIS (Reuters) – The French economy is set to grow slightly in the second quarter when compared to the previous…
US airlines thrown a curveball as consumer habits change post-pandemic
By Rajesh Kumar Singh CHICAGO (Reuters) – Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to…
ECB’s Centeno says interest rates near peak, could ease in 2024
By Sergio Goncalves LISBON (Reuters) -The European Central Bank’s key interest rate is approaching its peak but further adjustments are…
Analysis-Pakistan’s deepening political crisis douses hopes for IMF relief
By Karin Strohecker, Jorgelina do Rosario and Ariba Shahid LONDON/KARACHI (Reuters) -The political crisis engulfing Pakistan is eroding hopes that…
Oil drops 2% after US data points to continuing rate hikes
By Shariq Khan BENGALURU (Reuters) -Oil prices fell about 2% in a volatile trade on Wednesday, on track to end…
SEC, Covington dig in their heels as judge weighs US demand for client names
By Andrew Goudsward (Reuters) – A federal judge on Wednesday urged the U.S. Securities and Exchange Commission to resolve its…