SEOUL (Reuters) – Samsung SDI Co Ltd said on Tuesday it will invest $3 billion or more to build a joint venture electric vehicle (EV) plant with General Motors Co in the United States. Targeted to start in 2026, the plan aims to have an annual production capacity of 30 gigawatt hours (GWh), Samsung SDI…
By Jesús Aguado MADRID (Reuters) – Spain’s Santander on Tuesday beat forecasts with a 1% rise in first-quarter net profit as a strong performance in Europe offset weaker trade in Brazil and the United States. Its net profit rose to 2.57 billion euros helped by higher lending income and despite a hit of 224 million…
(Reuters) – North Dakota Governor Doug Burgum on Monday signed into law a bill that would ban most abortions, creating an exception for rape and incest victims but only during the first six weeks of pregnancy. The law, which makes it a felony for a doctor to perform an abortion, provides other exceptions including to…
By Mehnaz Yasmin and Nupur Anand (Reuters) -First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged by more than $100 billion in the first quarter and it was exploring options such as restructuring its balance sheet. The deposit slump overshadowed profits that beat expectations for…
(Reuters) -Sentiment among German exporters has rebounded to the highest point seen since the outbreak of war in Ukraine last year, according to a survey by the Ifo economic institute released on Tuesday. The institute’s export expectations indicator rose to 6.9 points in April, its highest level since February 2022 and up from 4.1 in…
By Hyonhee Shin SEOUL (Reuters) – The United States should redeploy tactical nuclear weapons in South Korea to send a clear message to North Korea and alleviate growing calls in the South for developing its own bombs, former U.S. National Security Adviser John Bolton said on Tuesday. Bolton’s remarks came as South Korean President Yoon…
LONDON (Reuters) – First-quarter job opportunities in London’s financial sector plunged by almost a third year-on-year, recruiter Morgan McKinley said on Tuesday, as firms struggle with economic and geopolitical headwinds. The collapse of U.S. lender Silicon Valley Bank and the rescue takeover of Credit Suisse by UBS last month has put thousands of UK-based finance…
By Poppy McPherson and Karen Lema (Reuters) – Philippine President Ferdinand Marcos Jr may discuss tensions over Taiwan with U.S counterpart Joe Biden at the White House next week but the focus of talks will be on trade and investment, a top diplomat said on Tuesday. Philippine ambassador to the United States Jose Manuel Romualdez…
A look at the day ahead in European and global markets from Vidya Ranganathan. ChatGPT vs Bard. Earnings from U.S. tech giants Microsoft Corp, which backs ChatGPT, and Google parent Alphabet Inc, top the watchlist on Tuesday. Profits at these two, Facebook-owner Meta and Amazon Inc are due this week, and estimates show their cloud…
By Steve Gorman (Reuters) – The ex-cop who lost his job on the Louisville, Kentucky, police department after firing the gunshot that killed Breonna Taylor in her home, helping stoke mass protests against racial injustice in 2020, has returned to the ranks of law enforcement. The Carroll County Sheriff’s Office, serving a rural area of…
