By Victoria Waldersee and Zhang Yan MUNICH (Reuters) -China’s electric vehicle industry leaders from policy adviser and ‘father of EVs’ Wan Gang to the heads of carmakers BYD and Nio[...]
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September 6, 2023
China’s Xpeng says German carmakers ready to tackle crisis in EV race
MUNICH (Reuters) – German carmakers are determined to tackle the problems they face in producing competitive electric vehicles, an executive at Chinese EV maker Xpeng said on Wednesday, as China[...]
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WeWork begins to renegotiate leases globally
(Reuters) -Flexible workspace provider WeWork said on Wednesday it has started off a process of global engagement with its landlords to renegotiate nearly all its leases. The SoftBank-backed company s[...]
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SLB to add $5 billion in revenue this year, sees similar growth in 2024
HOUSTON (Reuters) – SLB is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets, CEO[...]
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America Movil prioritizing peso-denominated debt, CFO says
(Reuters) – Mexican telecommunications giant America Movil is looking to increase the percentage of its debt held in pesos, Chief Financial Officer Carlos Garcia Moreno said on Wednesday. Speaki[...]
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Roku trims core loss forecast, plans to reduce 10% workforce
By Yuvraj Malik (Reuters) – Roku on Wednesday trimmed its adjusted operating loss forecast for the third quarter and said it would lay off 10% of its staff as well as cut down on some office spa[...]
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Canada’s trade deficit shrinks in July as West Coast port strike weighs
By Ismail Shakil OTTAWA (Reuters) -Canada recorded a smaller-than-expected trade deficit in July, as a West Coast dock workers’ strike weighed more heavily on imports than on exports, Statistics[...]
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Huawei’s new chip breakthrough likely to trigger closer US scrutiny -analysts
By David Kirton and Max A. Cherney SHENZHEN, China/SAN FRANCISCO, California (Reuters) – Huawei Technologies’ breakthrough in making an advanced chip underscores China’s determinatio[...]
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US services sector picked up in August, along with prices
(Reuters) – The U.S. services sector unexpectedly gained steam in August, with new orders firming and businesses paying higher prices for inputs — potential signs of still-elevated inflati[...]
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