Category Archives:
Stellantis plant in Sochaux halted over chip shortage
PARIS (Reuters) - Car production at Stellantis' Sochaux car plant in France will be suspended until Saturday, the company confirmed to Reuters, after a union official cited semiconductor shortages as ...
Aug 25, 2022
German business sentiment falls less than expected in August
BERLIN (Reuters) - German business morale in August fell to its lowest reading since June 2020 amid high uncertainty due to the Ukraine war and fears of economic downturn in the third quarter, a surve...
Aug 25, 2022
Honda to cut output by up to 40% at Japan plants on supply disruptions
TOKYO (Reuters) - Honda Motor Co said on Thursday it would slash production plans by up to 40% in Japan early next month due to persistent supply chain and logistical issues. Its assembly plant in Sai...
Aug 25, 2022
Massive renewable energy needed to power Australia to net zero economy by 2050 – study
By Sonali Paul MELBOURNE (Reuters) - Australia will have to invest in renewable energy and carbon capture and storage at unprecedented speed and scale in order for the economy to achieve net zero carb...
Aug 25, 2022
Exclusive-Some Chinese financiers cold shoulder Beijing’s property rescue call-sources
By Xie Yu, Engen Tham and Julie Zhu HONG KONG/SHANGHAI (Reuters) - Some of China's state-backed financial institutions are pushing back on Beijing's calls to support the embattled property sector due ...
Aug 25, 2022
China’s Baidu reveals its first quantum computer called Qianshi
BEIJING (Reuters) - Chinese search engine giant Baidu Inc revealed its first quantum computer on Thursday and is ready to make it available to external users, joining the global race to apply the tech...
Aug 25, 2022
Rouble steadies near 60 vs dollar; TCS, M.Video shares down after results
MOSCOW (Reuters) - The Russian rouble stabilised near 60 against the dollar on Thursday, lacking new momentum, while shares in TCS, owner of Russia's Tinkoff Bank, and retailer M.Video-Eldorado fell a...
Aug 25, 2022
China to take steps needed to protect Chinese firms following U.S. export control list
BEIJING (Reuters) - China's commerce ministry said on Thursday it will take the measures needed to protect the legitimate rights of Chinese companies after the U.S. added seven Chinese entities, mostl...
Aug 25, 2022
Australian BNPL firm Zip annual loss widens as inflation chokes
(Reuters) - Australian buy-now-pay-later (BNPL) firm Zip Co Ltd posted a wider annual loss on Thursday, signalling lacklustre outlook for fintech firms in the wake of soaring inflation. BNPL operators...
Aug 25, 2022
Sony hikes PS5 price on rising interest rates
TOKYO (Reuters) -Sony Group Corp said on Thursday it was hiking the price of its PlayStation 5 games console in markets including Europe, Japan and Britain following economic pressures including risin...
Aug 25, 2022
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