US producer prices surge 11% in April as food prices jump
WASHINGTON (AP) — U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high…
Exclusive-India Tax Authority Froze $478 Million Of Xiaomi Funds In February-sources, Document
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – Indian tax officials froze $478 million worth of deposits lying…
Campari Plans New Bars To Help Whet Aperitif Appetites
By Francesca Landini MILAN (Reuters) – Campari plans to open several flagship bars for its best-selling spirits in Europe and…
Canada Banks Face ‘greenwashing’ Claims As Oil & Gas Firms Obtain Sustainable Financing
By Nichola Saminather TORONTO (Reuters) – For banks in Canada, one of the world’s largest oil producers, it’s not easy…
SoftBank Vision Fund Posts $26 Billion Loss; Son Pledges Defence
By Sam Nussey TOKYO (Reuters) -Japan’s SoftBank Group Corp reported a record $26.2 billion loss at its Vision Fund investment…
Nissan Warns Of Flat Profit As Chip Shortage Becomes ‘new Normal’
By Satoshi Sugiyama TOKYO (Reuters) -Nissan Motor Co expects flat operating profits this fiscal year, far below analysts’ expectations, as…
G7 foreign ministers meet to discuss Ukraine war, impacts
BERLIN (AP) — Top diplomats from the Group of Seven wealthy nations are gathering in northern Germany to discuss the…
Apple Supplier Foxconn Sees Challenges Ahead In China COVID Curbs, Inflation
By Yimou Lee and Sarah Wu TAIPEI (Reuters) -Apple supplier Foxconn warned that current-quarter revenue for its electronics business including…
Volkswagen’s EV Business As Profitable As Combustion Engines Sooner Than Planned – CEO
BERLIN (Reuters) – Volkswagen expects its electric vehicle business to be as profitable as its fossil fuel-burning cars sooner than…
Japan’s Nissan returns to profit despite chips shortages
TOKYO (AP) — Japanese automaker Nissan returned to profitability in the last fiscal year for the first time in three…