BERLIN (Reuters) – Taiwan’s Foxconn will acquire a 50% stake in ZF Group’s axle system assembly unit, creating a joint venture aimed at growing automotive and supply chain opportunit[...]
Read more
July 24, 2023
Spanish banks and utilities stocks hit as election unnerves investors
By Amanda Cooper and Jesús Aguado LONDON/MADRID (Reuters) -Spanish blue-chip shares dropped on Monday after a snap general election at the weekend yielded no clear winner, with investors punishing ban[...]
Read more
Mexico’s economy to slow in step with US growth moderation: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Mexico’s economy will likely slow in step with an expected moderation of growth in the United States, but the decline could be limited by increase[...]
Read more
Apple aims to keep iPhone shipments steady – Bloomberg News
(Reuters) – Apple is asking suppliers to produce about 85 million units of the iPhone 15 this year, roughly in line with the year before, Bloomberg News said on Monday citing people familiar wit[...]
Read more
United Parcel Service, Teamsters union to resume labor talks on Tuesday
(Reuters) – United Parcel Service said it plans on Tuesday to resume labor talks with the Teamsters union representing 340,000 employees, an effort to avert a strike that could roil supply chain[...]
Read more
Domino’s Pizza misses revenue estimates as higher prices squeeze demand
(Reuters) -Domino’s Pizza missed Wall Street estimates for second-quarter revenue on Monday, as elevated delivery fees and higher prices to boost margins hurt demand for its pizzas and chicken w[...]
Read more
OpenAI’s Sam Altman launches Worldcoin crypto project
By Anna Tong (Reuters) -Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launched on Monday. The project’s core offering is its World ID, which the company describes as a[...]
Read more
Meta’s Threads could lure ads from Twitter but it’s early days, analysts say
By Akash Sriram, Samrhitha A and Sheila Dang (Reuters) – Threads, Meta Platform’s broadside to Twitter, is seen by some advertisers as less contentious and more predictable than Elon Musk[...]
Read more
Adidas swamped with $565 million in orders for unsold Yeezy shoes- FT
(Reuters) -Adidas got orders worth more than 508 million euros (about $565 million) for 4 million pairs of unsold Yeezy shoes, better than the company’s “most optimistic forecast,” t[...]
Read more