By Ankur Banerjee SINGAPORE (Reuters) – Asian shares inched higher on Wednesday as investors braced for U.S. inflation data due this week and awaited the results of the midterm elections that could signify a power shift in Washington. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.33% higher, while Japan’s Nikkei slipped 0.16% and…
By Jamie Freed DOHA (Reuters) -Qantas Airways and Airbus said on Sunday they would invest up to $200 million to accelerate the development of a sustainable aviation fuels (SAF) industry in Australia to help meet the airline’s goal of lowering carbon emissions. The agreement, announced on the sidelines of global airline industry body IATA’s annual…
By Daniel Leussink TOKYO (Reuters) -Toyota Motor Corp on Wednesday said it expects operating profit to climb 10% this business year, with a five-fold jump in pure electric vehicle (EV) sales amid an easing in global supply chain disruption from a shortage of chips. The growth plan was unveiled by new CEO Koji Sato, installed…
By Ludwig Burger and Patricia Weiss HAMBURG (Reuters) -BioNTech will go to court on Monday to defend itself against a lawsuit from a German woman who is seeking damages for alleged side effects of its COVID-19 vaccine, the first of potentially hundreds of cases in the country. The woman, exercising her right under German privacy…
By Tom Polansek CHICAGO (Reuters) – U.S. cattle producer Brad Kooima declined multiple, escalating bids from meatpackers seeking to buy his livestock to hold out for higher prices. His bargaining power is a dramatic reversal from three years ago, when cattle were plentiful and Kooima said he went seven weeks without getting a bid as…
By Hyunjoo Jin and Tanya Jain (Reuters) -Tesla Inc CEO Elon Musk will be under pressure to address investor concerns about the lack of a clear successor, softening demand and delays of some new models when he speaks at the electric carmaker’s annual shareholder meeting on Tuesday. His commitments to ventures such as a new…
By Victoria Waldersee BERLIN (Reuters) – Chinese investment in Europe is shifting from mergers and acquisitions to greenfield projects mainly in battery production for electric vehicles, according to 2022 data analysed by independent research providers MERICS and Rhodium Group. Greenfield investment made up 57% of total foreign direct investment by China in Europe in 2022,…
SHANGHAI (Reuters) – Apple Inc and its Android rivals saw sales slide in the first quarter in China, research firm Canalys reported on Thursday, as consumers continued to tighten their belts following the lifting of COVID-19 restrictions. The iPhone maker was the top-selling brand over the first three months of the year, with 20% market…
By Eva Mathews and Nivedita Balu (Reuters) -Netflix Inc shares lost over a third of their value on Wednesday after the company reported its first drop in subscribers in a decade, leaving Wall Street questioning its growth in the face of fierce competition and post-pandemic viewer fatigue. The streaming pioneer’s shares fell 37% to $220.40…
By Julio-Cesar Chavez and Lizbeth Diaz EL PASO, Texas (Reuters) -U.S. border agents in El Paso, Texas, on Tuesday urged hundreds of migrants amassing on city streets to surrender to authorities as illegal crossings rose in the run-up to the end of COVID-19 border restrictions known as Title 42 later this week. At the same…
