BMW to produce electric X3 model at South Africa plant
(Reuters) – Germany’s BMW will build its X3 model in South Africa from 2024, investing 4.2 billion rand ($225.09 million)…
Economy
US court approves Cineworld’s restructuring plan
(Corrects day in first paragraph to Thursday) (Reuters) – British cinema chain operator Cineworld Group said on Thursday that a…
US mulls new export restriction on computing power in AI chips
By Stephen Nellis and Karen Freifeld (Reuters) – U.S. officials are considering tightening an export control rule designed to slow…
Factbox-Policy measures China’s central bank could use to stem yuan weakness
(Reuters) – China has ramped up its effort to slow the depreciation of the yuan against the dollar this week…
Spain’s 12-month inflation falls to 1.9% in June, lowest since March 2021
(Reuters) – Spain’s consumer prices rose 1.9% year-on-year in June, their slowest increase since March 2021, preliminary data from the…
Analysis-Deep distrust of EU leaves Italy’s Meloni in a corner over bailout fund
By Angelo Amante and Giuseppe Fonte ROME (Reuters) – The reluctance of Italy’s right-wing coalition to ratify reform of a…
New Zealand passes law guaranteeing bank deposits up to NZ$100,000
SYDNEY (Reuters) – New Zealand passed a law on Thursday guaranteeing bank deposits up to NZ$100,000 ($60,770), a move it…
Digital banking in Italy’s industrial heartland at over 75% – BOI
MILAN (Reuters) -More than three-quarters of the population in Lombardy, Italy’s largest and most industrialized region, banked online last year,…
World Bank approves $700 million for crisis-hit Sri Lanka
COLOMBO (Reuters) – The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the…
Toyota’s May global sales jump as parts supply shortage eases
TOKYO (Reuters) – Japanese automaker Toyota Motor on Thursday reported a 10% jump in global sales for May from a…