By Daniel Leussink and Elaine Lies TOKYO (Reuters) -Nissan’s Chief Operating Officer Ashwani Gupta will not be reappointed to the board when his term expires next month, the automaker said on Friday, casting doubt on the future of the high-profile executive who had been seen in the running for CEO. The departure from the board…
By Tim Hepher PARIS (Reuters) – Planemakers can’t build them but airlines can’t stop buying them. Even as they wrestle with industrial problems preventing the delivery of jets sold before the pandemic, Airbus and Boeing are totting up billions of dollars of new orders stretching beyond 2030 amid a rebound in air travel. From Air…
By Rowena Edwards LONDON (Reuters) -Oil prices slipped on Friday, heading for a fourth weekly decline, as renewed economic concerns in the United States and China revived concern about fuel demand growth in the world’s two largest oil consumers. Brent crude futures fell 43 cents, or 0.57%, to $74.55 a barrel by 0931 GMT. West…
By Jennifer Rigby LONDON (Reuters) – New highly-effective weight loss drugs such as Novo Nordisk’s Wegovy are not a “silver bullet” for addressing the rapid rise in global obesity rates, the World Health Organization’s nutrition chief told Reuters, as the agency conducts its first review of obesity management guidelines in more than 20 years. The…
By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) -Toyota Motor Corp said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan for about a decade from November 2013 to mid-April. The incident comes as the world’s biggest automaker by sales makes a push into vehicle connectivity that is…
TOKYO (Reuters) -Toshiba Corp on Friday forecast its operating profit to dip this financial year, ahead of a planned $15-billion buyout by a consortium led by private-equity firm Japan Industrial Partners (JIP). Toshiba forecast an operating profit of 110 billion yen ($814.51 million) for the year through March 2024, a marginal drop from 110.5 billion…
By Victoria Klesty OSLO (Reuters) -Norwegian Air reported a first-quarter loss on Friday, and said strong booking numbers would give the budget carrier a boost for the summer season. The January-March net loss decreased to 993 million Norwegian crowns ($94.7 million) from a year-ago loss of 1.03 billion, Norwegian said. During the first quarter, normally…
A look at the day ahead in European and global markets from Ankur Banerjee Signs of an economic slowdown across the globe, lingering worries over the U.S. debt ceiling and ever-present fear of a deepening banking sector crisis have kept investors skittish and risk averse through the week and Friday has been no different. The…
By Nate Raymond and Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday preserved a California law banning the sale of pork in America’s most-populous state from pigs kept in tightly confined spaces, rejecting an industry challenge claiming that the voter-backed animal welfare measure impermissibly regulates out-of-state farmers. The justices voted 5-4 to uphold…
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was clinging close to a more than one week peak on Friday as a slew of data overnight pointed to a slowing U.S. economy, with investors betting that the Federal Reserve will further pause its interest rate increases. The dollar index, which measures the U.S. currency…
