(Reuters) – China’s Baidu Inc beat revenue estimates for the fourth quarter on Wednesday, bolstered by strength in its advertising, cloud and artificial intelligence businesses, sending its U.S.-listed shares up 7% in premarket trading. The search engine giant, which generates most of its revenue from online ads, is seeing advertisers return after China lifted its…
By Victoria Waldersee BERLIN (Reuters) -Tesla Inc has begun assembling batteries in Germany but will focus cell production in the U.S. in light of Inflation Reduction Act tax incentives, a spokesperson said, one of the first firms to declare a strategy shift prompted by the package. The U.S. electric-vehicle maker is also preparing to produce…
By Andrew Chung and John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Wednesday is set to hear for a second straight day a bid to hold internet companies accountable for contentious content posted by users, this time involving a lawsuit against Twitter Inc by the American relatives of a Jordanian man killed in…
By Rowena Edwards LONDON (Reuters) -Oil prices fell for a third trading session on Wednesday as concerns about fuel demand were stoked by expectations that minutes due from the U.S. Federal Reserve will indicate a need to hike interest rates. Brent crude futures for April delivery fell $1.13, or 1.36%, to $81.92 a barrel by…
By Shivangi Acharya and Sarita Chaganti Singh BENGALURU (Reuters) -India does not want the Group of 20 nations to discuss additional sanctions on Russia for its invasion of Ukraine, government sources said on Wednesday, as finance officials from the bloc started a meeting near the southern city of Bengaluru. The Indian sources, who are directly…
MILAN (Reuters) -Carmaker Stellantis on Wednesday reported a forecast-beating 17% rise in operating profit in the second half of last year on a strong product and pricing mix, despite persistent issues with logistics and semiconductor supply. The company also announced a dividend of 4.2 billion euros ($4.48 billion), or 1.34 euros per share, on 2022…
(Reuters) -Citigroup economists on Wednesday raised their global growth forecast slightly and see a “less hard” landing but still expect the world’s economy to grow at the slowest pace in 40 years. The Wall Street brokerage now sees global growth slowing this year to about 2.2%, 0.25% higher than their previous estimate due to improving macroeconomic…
(Reuters) – Citigroup economists on Wednesday raised their global growth forecast slightly but said they still expected the world’s economy to grow at the slowest pace in 40 years. Economists at the Wall Street brokerage led by Nathan Sheets said that they now see global growth slowing this year to 2.2%, 25 basis points higher than…
By Mark John (Reuters) – British companies involved in the world’s largest trial of a four-day working week have mostly decided to retain it in what campaigners hailed on Tuesday as a breakthrough for a better work-life balance. That may still be far from the leisurely 15-hour working week British economist John Maynard Keynes in…
By Shariq Khan (Reuters) – Oil prices were steady on Wednesday as investors await the U.S. Federal Reserve’s comments after recent data pointed to the possibility of more interest rates hikes, which may lower economic growth and limit global fuel demand. Brent crude futures for April delivery were up 2 cents to $83.07 a barrel…
