Reuters UK Business

By Chris Kirkham (Reuters) -When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation $25,000 electric vehicle, the automaker’s stock plunged. Chief Executive Elon Musk rushed to respond on X, his social-media network. “Reuters is lying,” he posted, without elaborating. Tesla’s stock recovered some of its losses. Six months later, Musk …

Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers Read More »

OSLO (Reuters) -Colombia will buy a fleet of JAS Gripen fighter aircraft made by Sweden’s Saab, Swedish public radio SR’s Ekot news broadcast reported on Tuesday, citing unnamed sources. Saab’s share price rose 3.4% in Stockholm by 1506 GMT on the news. “We have taken note of the information in the media but cannot comment …

Colombia to buy Saab fighter aircraft, Swedish public radio reports Read More »

DUESSELDORF (Reuters) -Shares in German steel group Salzgitter surged by as much as 37% on Tuesday after the company said that second-biggest shareholder GP Guenter Papenburg and a partner were considering a takeover offer. Based on after-hours trading following Salzgitter’s announcement late on Monday, Germany’s second-largest steel group behind Thyssenkrupp could achieve a market value …

Shares in Salzgitter surge 37% on possible takeover offer Read More »

MADRID (Reuters) – Spanish banks have offered mortgage holders, the self-employed and small businesses affected by the floods in southeast Spain a three-month loan moratorium during which they will not have to make monthly instalments, the banking associations said. At least 217 people died and many are still unaccounted for in the worst flooding in …

Spain’s banks offer loan moratorium for households, businesses affected by floods Read More »

By Kiyoshi Takenaka TOKYO (Reuters) -Nintendo cut its operating profit forecast for the year to March 2025 by 10% to 360 billion yen ($2.36 billion) on Tuesday, as sales of its ageing Switch console lost steam. The forecast is below analyst estimates for profit of 391.4 billion yen. The Kyoto-based gaming company sold 4.7 million …

Nintendo cuts annual profit forecast 10% as Switch sales slow Read More »

COPENHAGEN (Reuters) -The offshore wind industry has solutions that would address Swedish defence concerns, the CEO of renewable energy group Orsted said on Tuesday, after Sweden rejected applications to build 13 offshore wind farms in the Baltic Sea. Swedish Defence Minister Pal Jonson said on Monday that building wind farms in the Baltic Sea would …

Swedish defence concerns over Baltic Sea wind farms can be addressed, says Orsted CEO Read More »

ROME/FRANKFURT (Reuters) -Italy’s Treasury has put on hold the sale of a minority stake in ITA Airways to Lufthansa because of a dispute with the German carrier over the agreed price, two sources familiar with the matter said on Tuesday. An Italian source said the Treasury would not “undersell” ITA. Lufthansa in July won EU …

Italy puts ITA-Lufthansa deal on hold due to price dispute, sources say Read More »