Taiwan pitches deeper Europe engagement after TSMC Germany investment
(Reuters) -Taiwan said on Wednesday chipmaker TSMC’s 3.5 billion euro ($3.83 billion) investment in Germany would drive deeper engagement between…
Li Auto looks to surpass rivals in China by 2024
Li Auto (NASDAQ:LI) announced Tuesday evening its intention to surpass the sales of BMW (ETR:BMWG), Mercedes-Benz (ETR:MBGn), and Audi (ETR:VOWG_p)…
Jet charter firm Wheels Up says Delta funding may not be enough
(Reuters) – Wheels Up Experience said on Wednesday there was “substantial doubt” about its ability to continue operations, even as…
Carvana shares rally as online used car retailer raises Q3 guidance
Carvana (NYSE:CVNA) shares have jumped premarket after the company lifted its third quarter guidance. The online used car retailer revealed…
Rising prices for travel do not appear to be curbing wanderlust
(Reuters) – The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing…
WeWork shares sink after warning of bankruptcy risk
(Reuters) – WeWork on Tuesday warned of a possible bankruptcy after reporting yet another quarterly loss, in a stunning reversal…
Lyft falls as pricing strategy casts shadow over profit goals
(Reuters) – Lyft (NASDAQ:LYFT)’s shares tumbled nearly 8% as investors feared the ride-hailing platform’s focus on competitive pricing to gain…
Country Garden misses bond payments as China property fears flare
(Reuters) – Country Garden said on Tuesday it has not paid two dollar bond coupons due on Aug. 6 totalling…
Sony quarterly profit tumbles as movie business disappoints
(Reuters) – Japan’s Sony (NYSE:SONY) logged a hefty drop in first-quarter profit, hurt in part by a weaker performance from…
Cathay Pacific posts best H1 profit since 2010, to repay govt aid package
(Reuters) – Cathay Pacific Airways (HK:0293) reported on Wednesday its best first-half profit in more than a decade and announced…