Category Archives:
Volvo Cars delays EX90 production start
COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software development and testing, it said on Thursday, sending its shares down 5%...
May 11, 2023
Spain to spend 2.2 billion euros to alleviate drought impact
MADRID (Reuters) - The Spanish government has earmarked a total of 2.19 billion euros ($2.41 billion) to help alleviate the impact of a prolonged and worsening drought in the country, Environment Mini...
May 11, 2023
Prada’s sales up 22% in the first quarter on robust growth in Asia, Europe
MILAN (Reuters) - Sales at Italian luxury group Prada rose 22% in the first quarter, to 1.065 billion euros ($1.17 billion), driven a rebound in China and sustained growth in Europe. "Over the course ...
May 11, 2023
‘Risky jurisdiction’: Aircraft lessors raise alarm over Go First crisis in India
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) - The world's second largest aircraft lessor, SMBC Aviation Capital, has warned that India's decision to block leasing firms from reclaiming Go First...
May 11, 2023
BoE’s Bailey: We have to stay the course to get inflation down
LONDON (Reuters) - The Bank of England must stay the course to ensure the level of inflation falls back to its 2% target, the central bank's Governor Andrew Bailey said on Thursday. "We have to stay t...
May 11, 2023
UK restricts Microsoft, Activision from buying interest in each other
LONDON (Reuters) - Britain's competition regulator has published an interim order restricting Microsoft and Activision from acquiring an interest in each other without its consent, weeks after it bloc...
May 11, 2023
Electric vehicle maker Polestar lowers production guidance, cuts jobs
STOCKHOLM (Reuters) - Swedish electric vehicle (EV) maker Polestar said on Thursday it had lowered its 2023 production guidance and would cut headcount by 10%, citing a delayed production start for it...
May 11, 2023
Bank of England raises rates to 4.5% and sees slow inflation fall
By David Milliken and Andy Bruce LONDON (Reuters) -The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5% on Thursday, taking borrowing costs to their highest sinc...
May 11, 2023
Analysis-Liftoff: Modi’s space push for India counts on private players
By Nivedita Bhattacharjee BENGALURU (Reuters) - Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold ...
May 11, 2023
WeightWatchers slides as top holder Artal Group exits
(Reuters) - Shares of WW International Inc, also known as WeightWatchers, slumped more than 12% before the bell on Thursday after the weight-loss program operator said its top shareholder Artal Group ...
May 11, 2023
Peoria, IL, USA
50 °F Partly cloudy
