By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Hyundai Motor said on Wednesday it was targeting annual global sales of 5.55 million vehicles by 2030, up 30% from 2023, as it plans to double its hybri[...]
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Articles written by Reuters
Scandinavian airline SAS hails ‘new era’ as exits US bankruptcy process
By Terje Solsvik and Marie Mannes OSLO (Reuters) -SAS said on Wednesday it has exited U.S. Chapter 11 bankruptcy proceedings, with the Scandinavian airline’s CEO hailing a “new era”[...]
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Regulator cuts Malaysia Airlines’ air operator certificate duration after probe
By Danial Azhar and Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s civil aviation regulator has cut the duration of Malaysia Airlines’ air operator certificate to one year from three ye[...]
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Betting on Chinese demand, Hong Kong developers turn to rental market
By Clare Jim HONG KONG (Reuters) – Some Hong Kong developers are now turning to housing rental and the leasing market to weather a prolonged downturn in its property market and to serve surging[...]
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China’s DiDi to become 2nd-largest shareholder of state-backed NavInfo unit
BEIJING (Reuters) – Chinese ride-hailing giant DiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of AutoAi, a subsidiary of state-backed maps firm NavInfo, the latter[...]
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BOJ’s Himino reiterates readiness to raise rates if economy on track
By Takahiko Wada and Makiko Yamazaki KOFU/TOKYO (Reuters) -Bank of Japan Deputy Governor Ryozo Himino on Wednesday reiterated the central bank’s stance that it would continue to raise interest r[...]
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Volkswagen passenger cars brand struggles to hit cost-cutting goal, says Handelsblatt
BERLIN (Reuters) – Volkswagen’s passenger cars brand is struggling to meet its 10 billion euro ($11.14 billion) cost-cutting target, undermined by issues including low sales and missing pa[...]
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Lego outperforms toy market with robust sales in Europe and North America
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Lego’s sales of its colorful plastic bricks outpaced the overall toy market in the first half of the year, driven by strong demand in Euro[...]
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Apple eyes bigger slice of India’s streaming, music market with Airtel deal
By Munsif Vengattil and Aditya Kalra BENGALURU (Reuters) -Apple is tying up with India’s Bharti Airtel to offer the telecom firm’s premium customers its music and video streaming services[...]
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