BANGKOK (Reuters) – Regional auto making hub Thailand will introduce investment incentives for manufacturers of hybrid vehicles, its Board of Investment (BOI) said on Friday, with excise taxes f[...]
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July 26, 2024
UK’s Virgin Media O2 loses more than 100,000 mobile contract customers
LONDON (Reuters) – British broadband and mobile operator Virgin Media O2 lost 118,400 mobile contract customers in the second quarter, reflecting weakness in the top-end of the market where inno[...]
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Capgemini forecasts surprise revenue fall on automotive, aerospace downturn
By Dimitri Rhodes and Leo Marchandon (Reuters) – French IT group Capgemini forecast a surprise fall in annual revenue on Friday, citing a downturn in the automotive and aerospace sectors, sendin[...]
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Signify misses expectations on gloomy Europe, China woes, CEO says
By Alberto Chiumento (Reuters) -Signify CEO Eric Rondolat blamed a “gloomy” economic situation in Europe and “increased difficulties in China” after the world’s biggest m[...]
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Euro zone consumers stopped lowering inflation expectations in June
FRANKFURT (Reuters) – Euro zone consumers stopped reducing their inflation expectations in June after four consecutive monthly falls, a European Central Bank survey showed on Friday. The ECB[...]
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OpenAI enters Google-dominated search market with SearchGPT
By Yuvraj Malik (Reuters) -OpenAI is venturing into a territory long dominated by Google with the selective launch of SearchGPT, an artificial intelligence-powered search engine with real-time access[...]
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Woes at Qoo10’s South Korean e-commerce units intensify as companies cut ties
By Joyce Lee SEOUL (Reuters) – Two South Korean e-commerce platforms owned by Singapore-based Qoo10 slipped deeper into crisis on Friday after failing to make payments to vendors, with companies[...]
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Under pressure in China, Mercedes trims profit outlook
By Nick Carey and Andrey Sychev (Reuters) -Mercedes-Benz lowered its annual profit margin forecast after weak second quarter sales and earnings on Friday but expects new models to help it battle stiff[...]
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Metro Bank sells residential mortgage portfolio to NatWest for $3 billion
(Reuters) -Britain’s Metro Bank is selling its portfolio of prime residential mortgages to NatWest Group for up to 2.4 billion pounds ($3.1 billion) in cash, it said on Friday. The sale is expec[...]
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