By Akash Sriram (Reuters) – Uber and Chinese automaker BYD announced a multi-year partnership on Wednesday aimed at bringing 100,000 new electric vehicles to the ride-hailing platform globally.[...]
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July 31, 2024
GE HealthCare cuts revenue growth forecast for 2024 on China woes
(Reuters) -GE HealthCare cut its revenue growth forecast for the year on Wednesday, as a freeze in China’s healthcare sector due to an anti-corruption drive dragged down sales of its imaging mac[...]
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Boeing posts bigger loss as defense business struggles to turn around
(Reuters) – Boeing posted a bigger quarterly loss, as its troubled defense and space business exacerbated the financial strain on the U.S. planemaker that has already scaled back commercial airc[...]
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Adidas sees soccer trend lasting into 2025
By Linda Pasquini (Reuters) – Adidas expects soccer’s increasing appeal among consumers globally to be a trend that lasts into 2025, after sales of its jerseys in connection to this year[...]
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Lufthansa sees earnings slump in third quarter as costs rise
By Ilona Wissenbach, Joanna Plucinska and Rachel More BERLIN/LONDON (Reuters) -Lufthansa warned of a fall in third-quarter earnings on Wednesday as the German airlines group grapples with higher wage[...]
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Apple likely to post higher revenue as discounts aid iPhone demand in China
By Aditya Soni (Reuters) – Apple will likely report on Thursday that it returned to revenue growth in its fiscal third quarter as it won back some customers in China with big iPhone discounts an[...]
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BOJ lifts rates, signals slow end to historic bond buying binge
By Leika Kihara and Takaya Yamaguchi TOKYO (Reuters) -The Bank of Japan raised interest rates to levels unseen in 15 years and unveiled a detailed plan to slow its massive bond buying, taking another[...]
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Hong Kong court adjourns China developer Shimao’s liquidation petition
HONG KONG (Reuters) – Embattled Chinese property developer Shimao Group said on Wednesday a Hong Kong court had adjourned until Aug. 12 a liquidation hearing against the company, allowing it mor[...]
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Analysis-Crypto players ready wishlist for potential second Trump administration
By Hannah Lang (Reuters) – When former U.S. president Donald Trump promised a bitcoin conference on Saturday that if reelected he would fire Securities and Exchange Commission Chair Gary Gensler[...]
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