NEW DELHI (Reuters) -IndiGo operator InterGlobe Aviation said on Wednesday it is working with Pratt & Whitney to assess any potential impact on its fleet, after a warning from the U.S. engine maker spooked global airlines. Pratt’s owner Raytheon said on Tuesday that a “rare condition” in powdered metal meant 1,200 of more than 3,000…
BEIJING (Reuters) – China’s industry ministry on Wednesday issued guidelines on standardisation of intelligent connected vehicles. The guidelines map out equipping the world’s largest auto market with a standards system in two phases. They include formulating a system that will support assisted and autonomous driving functions by 2025 and the roll-out of standards that will…
WASHINGTON (Reuters) – President Joe Biden is making a fresh push to force health insurance companies to improve access to mental health treatment for Americans who too often struggle to find and afford the care they need, officials said on Tuesday. The administration on Tuesday will release the text of a proposed rule change to…
DUBAI (Reuters) – Saudi Arabia’s foreign direct investment inflows reached 8.1 billion Riyals ($2.16 billion) in the first quarter of 2023, up 10.2% from the same quarter a year prior, the economy ministry said on Wednesday. ($1 = 3.7510 riyals) (Reporting by Ahmed Elimam; Editing by Nadine Awadalla and Andrew Heavens)
By Byron Kaye SYDNEY (Reuters) -An Australian court ordered Facebook owner Meta Platforms to pay fines totalling A$20 million ($14 million) for collecting user data through a smartphone application advertised as a way to protect privacy without disclosing its actions. Australia’s Federal Court also ordered Meta, through its subsidiaries Facebook Israel and the now-discontinued app,…
By Linda Pasquini and Helen Reid (Reuters) -German sportswear brand Puma’s second-quarter sales grew by 11%, the company reported on Wednesday, slightly ahead of market expectations thanks to stronger revenues from Asia and Europe, while the U.S. dragged. The sportswear sector is struggling with weakening demand in North America and a slower than expected recovery…
By Josh Ye (Reuters) -TikTok plans to launch a program in August to help Chinese merchants sell goods globally, and will officially roll it out first to consumers in the United States, a person familiar with the matter said. Seeking to replicate the success shopping platforms like Shein and PDD Holdings’ Temu have had in…
By Rishav Chatterjee (Reuters) – Commonwealth Bank of Australia, the country’s biggest lender, could cut up to 200 jobs, a source familiar with the matter told Reuters on Wednesday, but did not divulge further information the layoffs. The layoffs could end up being a “couple of hundred” and the CBA’s ongoing consultations could mean some…
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thai exports shrank for a ninth consecutive month in June, albeit at a smaller rate than expected, as global demand remains sluggish, but the commerce ministry said on Wednesday it still expects some growth for the full year. Customs-based exports, a key driver of Thailand’s economy,…
By Melanie Burton and Rishav Chatterjee MELBOURNE (Reuters) -Rio Tinto’s first-half underlying earnings fell to their lowest in three years as easing iron ore prices offset an uptick in shipments from its Pilbara operations, it said on Wednesday, while also announcing a dividend cut. Iron ore accounts for 70% of Rio Tinto’s profit and prices…
