Samsung to extend production cuts after $7 billion chip loss in H1
(Reuters) -Samsung Electronics on Thursday said the worst is over for the global memory chip market but announced plans to…
Japan stocks higher at close of trade; Nikkei 225 up 0.82%
Japan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Steel and Pharmaceutical Industry…
Renault posts record H1 operating margin helped by higher priced new cars
(Reuters) – French car maker Renault (EPA:RENA) on Thursday posted an operating margin of 7.6% for the first half year,…
VW cuts 2023 deliveries outlook, aims to boost cash flow
(Reuters) -Volkswagen said on Thursday it will aim to improve its cash flow in the second half as the German…
US lawmakers struggle to find deal on self-driving cars
(Reuters) – Congress still faces serious hurdles to winning approval for long-stalled legislation to speed the adoption of self-driving cars.…
Shell, TotalEnergies profits slump as oil, gas prices cool after bumper 2022
(Reuters) – Shell (LON:SHEL) and TotalEnergies (EPA:TTEF) reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and…
AI lesson for Microsoft and Google: Spend money to make money
(Reuters) – Artificial intelligence is expected to pay off big for tech giants including Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) someday.…
XPeng and Volkswagen enter $700M strategic EV partnership and share agreement
Chinese electric vehicle maker, XPeng (NYSE:XPEV) announced alongside Volkswagen (ETR:VOWG_p) that the two automakers have entered into a strategic technical…
Santander Brasil weighs on group results as Q2 net profit falls 45%
(Reuters) -Brazilian lender Santander Brasil on Wednesday reported a 45% drop in second quarter net profit, dragging on the performance…
Evergrande electric vehicle unit reports about $10 billion loss for 2021, 2022
(Reuters) – China Evergrande New Energy Vehicle Group reported a combined net loss of 71.12 billion yuan ($9.95 billion) for…