VW cuts sales outlook as EV competition heats up
By Victoria Waldersee and Miranda Murray BERLIN (Reuters) -Volkswagen on Thursday cut its full year sales target and pledged to…
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Zara owner Inditex says it will stop buying clothes from Myanmar
By Helen Reid, Corina Pons LONDON (Reuters) -Zara owner Inditex is in the process of stopping purchases from Myanmar, the…
Auto parts distributor LKQ cuts profit outlook as commodity costs bite
(Reuters) – Auto parts distributor LKQ Corp lowered its full-year profit and sales guidance on Thursday, as falling commodity prices…
Chile to start rate cuts, signaling more across the region
By Fabian Cambero SANTIAGO (Reuters) – Chile is expected to cut its benchmark interest rate on Friday, the first major…
As Russian oil crosses G7’s price cap, US eyes soft enforcement
By Timothy Gardner and Laura Sanicola WASHINGTON (Reuters) -The Biden administration is poised to increase outreach to western trading houses,…
Shell’s profits tumble 56% to $5 billion as energy prices cool
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -Shell on Thursday reported a 56% fall in second-quarter profit to $5…
Western car makers look to slash EV costs to fight Chinese ‘invasion’
By Gilles Guillaume and Giulio Piovaccari PARIS (Reuters) – Western automakers are fretting about an “invasion” of cheap Chinese electric…
Singapore Airlines flags near-term competition in international travel
(Reuters) -Singapore Airlines said on Thursday it expects competition to intensify in the coming months as carriers scramble to take…
HK authority ups rates, matching Fed, says banks’ bad loans remain steady
By Georgina Lee and Donny Kwok HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday raised its base…
UK retail sales slide at fastest pace in more than a year: CBI
LONDON (Reuters) – British retail sales fell in July at the fastest rate since April 2022 and stores are bracing…