(Reuters) -Daimler Truck expects revenues to grow as much as 60% between 2025 and 2030, top management of the truck and bus maker told investors on Tuesday. The company’s optimistic outlook, presented at a capital markets day in Boston, comes a year after Daimler Truck became an independently listed company in a spin-off from the…
By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said. The reduced production implies that in total Pemex…
By Safiyah Riddle (Reuters) -U.S. small business confidence climbed to a seven-month high in June as pessimism about the economic outlook diminished sharply and sales expectations improved, but a still-tight labor market continued to drive concerns about inflation, according to a survey released on Tuesday. The National Federation of Independent Business (NFIB) said its Small…
By Krystal Hu (Reuters) -Sapphire Ventures plans to invest over $1 billion in AI enterprise startups, doubling down on the technology’s adoption by companies across the world, its president Jai Das said at the Reuters MOMENTUM conference in Austin on Tuesday. The $1 billion in capital will come from Sapphire’s existing funds, which have $10…
By Joseph White and Ben Klayman DETROIT (Reuters) -The U.S. electric vehicle market is growing, but not fast enough during the latest quarter to prevent unsold EVs from stacking up at some automakers’ dealerships or to allow Tesla to avoid new price cuts, according to analysts and industry data. Rising inventories and price-cutting could represent…
WASHINGTON (Reuters) – U.S. passenger railroad Amtrak suspended service between Washington and Richmond, Virginia after a train derailed while traveling near Washington Union Station. Northeast Regional Train 86 was traveling at a low speed in the tunnel south of the station and remained upright after derailing. No passengers were reported injured and one employee was…
By Shreyashi Sanyal (Reuters) -European shares ended higher on Tuesday amid investor hopes the U.S. Federal Reserve was nearing the end of its interest rate hiking cycle and as China extended some policy measures to support its battered real estate sector. The pan-European STOXX 600 ended 0.7% higher, rising for the third straight session. Irish…
LIMASSOL, Cyprus (Reuters) – Asian casino operator Melco Resorts & Entertainment has launched an entertainment and gaming complex in Cyprus, marking its first foray into Europe as it seeks to tap new markets. The “City of Dreams Mediterranean” had total investment of more than 600 million euros ($659.46 million) making it one of the largest…
By Abhirup Roy SAN FRANCISCO (Reuters) – Tritium DCFC said on Tuesday it had won an order from Hawaii to make high-speed electric vehicle chargers – the first funds to roll out in a federal program meant to blanket the country with charging infrastructure and boost EV adoption. The U.S. government plans to dole out…
By Hannah Lang (Reuters) – May the best exchange win? Crypto platforms are vying for dominance in the United States, the world’s biggest market, following a regulatory crackdown that’s shaken the sector. Coinbase and Binance.US, two of the largest crypto exchanges by market share among those operating in America, have lost ground this year. The…
