Electric vehicle maker Polestar cuts production guidance, jobs
By Marie Mannes STOCKHOLM (Reuters) – Swedish electric vehicle (EV) maker Polestar lowered its 2023 production guidance on Thursday and…
Economy
Buffett’s Dairy Queen sees Taiwan among possible new markets, while mindful of geopolitics
By Jonathan Stempel (Reuters) – Berkshire Hathaway-owned Dairy Queen is exploring options to expand in new markets, perhaps including Taiwan,…
Shooting at German Mercedes plant kills two; production halted
By Christina Amann and Ilona Wissenbach BERLIN (Reuters) -A shooting at a Mercedes-Benz plant in the city of Sindelfingen in…
Amsterdam bans fast-delivery grocery hubs from residential areas
By Charlotte Van Campenhout AMSTERDAM (Reuters) -Amsterdam is banning fast-delivery grocery companies from setting up so-called dark stores in residential…
Fed’s Kashkari says tight monetary policy may be needed for ‘extended’ time
By Ann Saphir (Reuters) – An extended period of high interest rates and an inverted yield curve could put more…
Volvo Cars delays EX90 production start
COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software…
Slump in China bank loans, prices raise more worries about recovery, adds pressure on central bank
By Qiaoyi Li and Kevin Yao BEIJING (Reuters) -New Chinese bank loans tumbled far more sharply than expected in April,…
Prada’s first-quarter sales up 22% on strong Asia, Europe growth
MILAN (Reuters) -Sales at Italian luxury group Prada rose 22% in the first quarter to 1.065 billion euros ($1.17 billion),…
Buoyed by sale of small state assets, Ukraine eyes bigger sell-off
By Olena Harmash KYIV (Reuters) – Ukraine raised record proceeds from selling small state assets in the first quarter of…
Italy discusses break-up rescue for Eurovita – sources
MILAN (Reuters) – Italian authorities and financial firms on Wednesday discussed plans to rescue Eurovita by dividing up the troubled…