SHANGHAI (Reuters) – Germany’s Audi is in talks with SAIC Motor Corp to buy an electric vehicle platform from the Chinese state-owned automaker, two people familiar with the matter said, a[...]
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Europe
Hedge funds grow more cautious on crypto after turmoil
(This July 11 story has been corrected to add ‘CoinShares’ in paragraph 2 and ‘funds investing in crypto’ in paragraph 4) By Nell Mackenzie and Elizabeth Howcroft LONDON (Reute[...]
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Analysis-A wasted opportunity? Italy’s EU funds bonanza hits the rocks
By Valentina Za, Giuseppe Fonte and Gavin Jones ROME/MILAN (Reuters) – Italy’s hopes of transforming its economy with billions of euros of European Union pandemic recovery funds are unrave[...]
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AXA weighs offloading $2 billion reinsurance arm to cut disaster risk – sources
By David French and Pablo Mayo Cerqueiro NEW YORK/LONDON (Reuters) -One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natura[...]
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Marketmind: Stocks rise, dollar slips as all eyes on US inflation
A look at the day ahead in European and global markets from Ankur Banerjee While market participants are almost certain that the Federal Reserve will hike in July, the always important U.S. inflation[...]
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Corporate net debt hit record in 2022/23, but borrowing appetite to decline – Janus Henderson
By Chiara Elisei LONDON (Reuters) – Companies around the globe took on a record $456 billion of net new debt in 2022/23, although higher interest rates should reduce appetite for new borrowing a[...]
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UAW president says union prepared to strike Detroit Three
By David Shepardson (Reuters) – The head of the United Auto Workers, which represents 150,000 U.S. hourly workers at General Motors, Ford Motor and Chrysler-parent Stellantis, said the union is[...]
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Ryanair quits industry group advising on UK aviation strategy
DUBLIN (Reuters) -Ryanair on Tuesday resigned from an industry group set up by the British government to help implement its aviation strategy, dismissing it as a “talking shop” which has d[...]
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New air bag death prompts ‘Do Not Drive’ warning for 2003 Dodge Ram pickups
By David Shepardson WASHINGTON (Reuters) -Chrysler-parent Stellantis has warned 29,000 owners of 2003 Dodge Ram pickups to immediately stop driving pending repairs after one person was killed when a T[...]
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