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Renault CEO says free float of future electric unit will be less than 10%
PARIS (Reuters) - A sizeable chunk of Renault's planned electric vehicle spinoff could remain in free float on the stock market, its CEO said in an interview published on Tuesday, declining comment on...
Syndicated Content Jun 27, 2023
China’s Baidu says its new AI beat ChatGPT on some metrics
By Josh Ye HONG KONG (Reuters) - Baidu Inc, China's leading search engine provider, said the latest iteration of its ChatGPT-style service had surpassed the widely popular Microsoft-backed OpenAI chat...
Syndicated Content Jun 27, 2023
Accor plans to add more than 1,200 hotels
(Reuters) - Accor plans to open more than 1,200 hotels in the next five years, thus increasing the number of its resorts by more than one-fifth, Europe's biggest hotel group said on Tuesday as part of...
Syndicated Content Jun 27, 2023
UK’s Aston Martin sticks to 500 million pounds profit view for FY25
(Reuters) -Aston Martin said on Tuesday it remained on track to report an adjusted profit of 500 million pounds ($636.7 million) by the fiscal year 2025. The Gaydon-based group said it expects to "sub...
Syndicated Content Jun 27, 2023
S.Africa tech investor Naspers’ profit slumps on lower Tencent contribution
JOHANNESBURG (Reuters) - Technology investor Naspers on Tuesday reported a 78% slump in annual profit, led by a drop in the contribution from China's Tencent which accounts for the bulk of earnings an...
Syndicated Content Jun 27, 2023
Lordstown Motors files bankruptcy, sues Foxconn
By Mike Spector, Joseph White and Dietrich Knauth NEW YORK (Reuters) - Lordstown Motors filed for bankruptcy protection on Tuesday and put itself up for sale after the U.S. electric truck manufacturer...
Syndicated Content Jun 27, 2023
Cryptoverse: Bitcoin bounces on BlackRock buzz
By Lisa Pauline Mattackal and Medha Singh (Reuters) - What would Satoshi make of it all? Bitcoin, the currency created to subvert the financial establishment, has shaken off weeks of sickness with the...
Syndicated Content Jun 27, 2023
ECB’s Kazaks sees rate hikes past July even as economy softens
SINTRA, Portugal (Reuters) - The European Central Bank will likely keep raising interest rates after its next meeting even as the economy slows because inflation remains too high, ECB policymaker Mart...
Syndicated Content Jun 27, 2023
Marketmind: China gets weary of a weakening yuan
A look at the day ahead in European and global markets from Vidya Ranganathan. The U.S. dollar's protracted smile is making China and Japan uncomfortable. China, unencumbered as it is by global pacts ...
Syndicated Content Jun 27, 2023
Indictment details plan to steal Samsung secrets for Foxconn China project
By Ju-min Park and Heekyong Yang SEOUL (Reuters) - When former Samsung executive Choi Jinseog won a contract with Taiwan's Foxconn in 2018, he tapped his former employer's supplier network to steal se...
Syndicated Content Jun 26, 2023
Peoria, IL, USA
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