Porsche’s EV sales target under threat from supply chain snags
By Victoria Waldersee BERLIN (Reuters) -Porsche AG warned on Wednesday that supply chain problems were hampering battery-electric vehicle (BEV) production…
Updated
Israel’s enemies see opportunity in its crisis
By Parisa Hafezi, Laila Bassam and Nidal al-Mughrabi DUBAI (Reuters) -The crisis sweeping Israel has become a focal point for…
Nissan seals Renault deal, now faces hard yards in China
By Daniel Leussink and Gilles Guillaume TOKYO/PARIS (Reuters) -Nissan will invest up to $663 million in Renault’s new electric vehicle…
Aston Martin races past second quarter expectations
By Yadarisa Shabong (Reuters) -British luxury carmaker Aston Martin’s second-quarter results beat market expectations on Wednesday, powered by higher prices…
Deutsche Bank flags cost cuts as investment bank slump lowers profit
By Tom Sims and Matthias Inverardi FRANKFURT (Reuters) -Deutsche Bank on Wednesday posted a 27% fall in second-quarter profit as…
LG Display flags Q4 turnaround after 5th straight quarterly loss
By Joyce Lee and Ju-min Park SEOUL (Reuters) -South Korea’s LG Display reported a fifth consecutive quarterly loss on Wednesday…
Thailand trims GDP growth outlook as exports soften
BANGKOK (Reuters) -Thailand’s finance ministry has lowered the country’s 2023 economic growth outlook to 3.5% from 3.6% projected earlier, as…
Slowing Australia Q2 inflation lessens rate hike pressure
By Stella Qiu SYDNEY (Reuters) -Australian inflation slowed more than expected in the second quarter thanks to falls in the…
China replaces foreign minister Qin after mysterious absence
By Yew Lun Tian and Laurie Chen BEIJING (Reuters) -China named veteran diplomat Wang Yi its new foreign minister on…
A familiar face for the US as China’s Wang returns as foreign minister
By Michael Martina and David Brunnstrom WASHINGTON (Reuters) – China’s decision to reappoint its top diplomat Wang Yi as foreign…