By Mai Nguyen HANOI (Reuters) -New electric vehicles from Tesla and rivals are being engineered for efficiency in a way that cuts copper content, changes that could limit demand growth for the metal as the next-generation of EVs hits the road, industry analysts say. The strong ramp-up in sales for EVs, led by growth in…
BERLIN (Reuters) – The timing of a possible listing of Porsche AG, currently foreseen for the fourth quarter of the year, could be pushed back by the conflict in Ukraine if it drags on, Porsche SE’s finance chief said on Tuesday. “We cannot rule out, if the conflict lasts a longer time, that this could…
(Reuters) -T. Rowe Price, a major shareholder in News Corp, said it had strong reservations about Rupert Murdoch’s plan to reunite News Corp and Fox Corp, The New York Times reported on Friday, joining other investors in dissent over the plan. T. Rowe Price told the newspaper that a merger of the two companies would…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed in May as imports fell, but the improvement was probably insufficient to prevent trade from being a drag on economic growth in the second quarter. The hit from trade on gross domestic product was, however, likely to be offset by a rise…
By Olena Harmash KYIV (Reuters) -Ukraine’s military vowed on Tuesday not to give up the pulverised eastern city of Bakhmut as it prepares to launch a long-promised counteroffensive against Russian forces. General Oleksandr Syrskyi, commander of ground forces, underlined the importance Kyiv attaches to holding Bakhmut as preparations continue for a counterattack which it hopes…
WASHINGTON (Reuters) – A U.S. House of Representatives committee has launched an investigation into investments by four U.S. venture capital firms into Chinese artificial intelligence and semiconductor companies. The House Select Committee on the Chinese Communist Party sent letters on Tuesday to GGV Capital, GSR Ventures, Walden International and Qualcomm Ventures, the investment arm of…
By Ben Klayman (Reuters) -Global auto and truck makers, including Sweden’s Volvo Cars and Germany’s Daimler Truck, on Monday suspended some business in Russia following that country’s invasion of Ukraine. Russian forces invaded Ukraine last week, marking the biggest attack by one state against another in Europe since World War Two. Many firms have idled…
MEXICO CITY (Reuters) – Mexico’s economy likely remained flat in the first three months of 2025 as a result of uncertainty generated by U.S. President Donald Trump’s fluctuating tariff policies, a Reuters poll showed on Tuesday. Gross Domestic Product (GDP) likely sat at 0.0% in the first quarter in seasonally adjusted terms, according to the…
By Chris Thomas, Dhanya Skariachan and Tanvi Mehta BENGALURU (Reuters) -Cash-strapped Indian airline Go First filed for bankruptcy on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet. The move marks the first major airline collapse in India since Jet Airways filed for bankruptcy in 2019, and underscores the…
(Reuters) – Futures for Canada’s commodity-heavy stock index rose on Friday, as a rise in gold prices and hopes of a pause in monetary tightening aided investor sentiment. March futures on the S&P/TSX index were up 0.3% at 7:12 a.m. ET. The Toronto Stock Exchange’s S&P/TSX composite index closed at its highest in nearly two…
