Category Archives:
Panasonic needs four more EV battery plants, executive says
By Miho Uranaka OSAKA, Japan (Reuters) -The battery arm of Japan's Panasonic will need to build four more factories to reach its target for a sharp boost in annual capacity of batteries for electric v...
Jul 03, 2023
Euro zone factory downturn deepened in June as ECB hikes bite-PMI
LONDON (Reuters) - Euro zone manufacturing activity contracted faster than initially thought in June as persistent policy tightening by the European Central Bank squeezed finances, according to a surv...
Jul 03, 2023
AstraZeneca shares drop as lung cancer trial update lags expectations
By Maggie Fick and Ludwig Burger (Reuters) -AstraZeneca said on Monday an experimental precision drug slowed progression of lung cancer in a late-stage trial, but its shares fell nearly 5% as analysts...
Jul 03, 2023
Japan leaning toward softer AI rules than EU -source
By Sam Nussey and Tim Kelly TOKYO (Reuters) - Japan is leaning toward softer rules governing the use of artificial intelligence (AI) than the European Union, said an official close to deliberations, a...
Jul 03, 2023
German manufacturing shrinks in June as demand weakens-PMI
BERLIN (Reuters) - Germany's manufacturing sector contracted at the fastest rate in more than three years in June, with both output and new orders falling, a survey showed on Monday. The HCOB final Pu...
Jul 03, 2023
French manufacturing’s June contraction not as bad as first forecast -PMI
PARIS (Reuters) - France's manufacturing sector continued contracting in June, according to a monthly survey, although the decline was not quite as bad as initially estimated. HCOB's final Purchasing ...
Jul 03, 2023
Italy’s manufacturing shrinks at steepest rate since COVID lockdowns – PMI
ROME (Reuters) - Italy's manufacturing sector contracted in June at the steepest rate in over three years, a survey showed on Monday, signalling a recession ahead unless buoyant services can prop up t...
Jul 03, 2023
Australia’s BNPL firm Zip to streamline cost and operations – official
(Reuters) - Australian buy-now-pay-later firm Zip Co is further streamlining its operations and cost base following a recent review, a company official told Reuters on Monday. The move comes as sector...
Jul 03, 2023
U.S. property catastrophe reinsurance rates rise up to 50% on July 1-report
LONDON (Reuters) - U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and F...
Jul 03, 2023
Vietnam bans ‘Barbie’ movie over South China Sea map
HANOI (Reuters) - Vietnam has banned Warner Bros' highly-anticipated film "Barbie" from domestic distribution over a scene featuring a map that shows China's unilaterally claimed territory in the Sout...
Jul 03, 2023
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