BERLIN (Reuters) -Volkswagen has secured production of solid-state batteries developed with U.S. startup QuantumScape, both companies said on Thursday, as the German carmaker aims to bring the technol[...]
Read more
July 11, 2024
Barry Callebaut slides as high cocoa prices trigger more debt
By Andrey Sychev and Mateusz Dobrzyniewski (Reuters) -Barry Callebaut shares fell on Thursday after the Swiss chocolate maker said quarterly sales volumes declined and cocoa prices had boosted its cos[...]
Read more
Uniqlo owner lifts forecast again as weak yen powers sales from tourists
By Rocky Swift TOKYO (Reuters) -The Japanese operator of fashion giant Uniqlo on Thursday raised its forecast for what would be its third consecutive year of record profits, buoyed by strong sales at[...]
Read more
Apple lets rivals use tap-and-go payments as EU’s Vestager warns on tech charges
By Foo Yun Chee BRUSSELS (Reuters) -Apple will open its tap-and-go mobile payments system to rivals, EU antitrust regulator said on Thursday, even as its chief Margrethe Vestager said the iPhone maker[...]
Read more
Hedge funds turn to South Korea for next wave in AI
By Summer Zhen HONG KONG (Reuters) – Hedge funds hunting for artificial intelligence-related stock market bargains are rushing into South Korea’s chipmakers, betting a new wave of demand f[...]
Read more
JPMorgan aims to amass 15% of US consumer deposits, boost credit card share
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – The biggest U.S. bank wants to get even bigger. JPMorgan Chase has set an ambitious goal of attracting 15% of the country’s consumer d[...]
Read more
Morning Bid: CPI caution seems no barrier, sterling surges
A look at the day ahead in U.S. and global markets from Mike Dolan If Federal Reserve boss Jerome Powell had any inkling of the June U.S. inflation readout when speaking to Congress this week, then to[...]
Read more
Amazon could face probe over treatment of UK grocery suppliers, watchdog says
By James Davey LONDON (Reuters) – Britain’s grocery regulator on Thursday threatened Amazon with a formal investigation if it does not improve its compliance with an industry code designed[...]
Read more
Biden administration to award nearly $1.1 billion to Stellantis, GM for EV production
By David Shepardson WASHINGTON (Reuters) – The Biden administration plans to award General Motors and Chrysler-parent Stellantis nearly $1.1 billion in grants to convert existing plants to build[...]
Read more