BERLIN (Reuters) -Volkswagen said on Thursday it will aim to improve its cash flow in the second half as the German carmaker hikes prices and cuts costs, even after it lowered its 2023 outlook for deliveries. The company’s shares were down 3.5% at 0805 GMT, the biggest faller on Germany’s blue-chip DAX 30 index. Volkswagen …
VW cuts 2023 deliveries outlook, aims to boost cash flow Read More »
ROME (Reuters) – Italy’s state broadcaster RAI could sell part of its stake in tower company Rai Way to state-backed firms as a way to collect resources for investments, Economy Minister Giancarlo Giorgetti said on Thursday. His remarks may signal the right-wing government’s willingness to review plans to merge Rai Way and unlisted rival EI …
Italy’s RAI may sell part of its stake in tower unit Rai Way, minister says Read More »
PARIS (Reuters) – French nuclear power giant EDF swung to profit in the first half of the year, rebounding from a record loss in 2022 thanks to higher electricity prices and nuclear reactor output. Net income was 5.8 billion euros ($6.44 billion), compared with a loss of 5.3 billion euros a year earlier, while net …
By Paul Sandle LONDON (Reuters) -British broadcaster ITV’s profit more than halved to 152 million pounds ($197 million) in the six months to end-June, it said on Thursday, reflecting a tough advertising market and peak investment in its streaming service ITVX. Chief Executive Carolyn McCall said strong growth in its Studios production business and digital …
ITV’s earnings halved as tough ad market and streaming spend weigh Read More »
By Tim Hepher PARIS (Reuters) -Europe’s Airbus on Wednesday posted higher-than-expected underlying operating profit for the second quarter and reaffirmed financial goals for the year, while removing an interim industrial target on the route to record jet output. The world’s largest planemaker said adjusted earnings before interest and tax rose 34% to 1.845 billion euros …
Airbus posts higher profit, removes near-term output goal Read More »
By Katie Paul and Yuvraj Malik (Reuters) -Meta Platforms forecast third-quarter revenue above market expectations on Wednesday, sending shares up on signs that the improving economic environment will boost ad spending. The company expects July-September revenue in the range of $32 billion to $34.5 billion, compared with analysts’ average estimate of $31.30 billion, according to …
Facebook parent Meta forecasts quarterly revenue above estimates Read More »
By Abhirup Roy and Jarrett Renshaw (Reuters) -Seven major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the U.S., in a challenge to Tesla and a bid to take advantage of Biden administration subsidies. The group includes General Motors, Stellantis, Hyundai Motor and its Kia affiliate, Honda, …
In challenge to Tesla, automakers launch US EV charging network Read More »
By Jeffrey Dastin (Reuters) – Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Microsoft and Google in a key area of artificial intelligence, an executive told Reuters. The company also announced new AI tools on Wednesday, including a program for building more conversational customer-service agents, technology access from …
GRAEFENHAUSEN (Reuters) – Scores of Central Asian truck drivers who accuse their Polish employer of refusing to pay wages went on strike this week in Germany, where a motorway rest stop south-west of Frankfurt has become the backdrop of a protest over working conditions. As of Wednesday, some 130 lorries had gathered at the spot …
Truckers strike against missing wages on German motorway Read More »
By Luc Cohen, Jonathan Stempel and Jody Godoy NEW YORK (Reuters) -The British billionaire Joe Lewis pleaded not guilty on Wednesday to orchestrating what prosecutors called a “brazen” insider trading scheme by passing tips about companies in which he invested to friends, private pilots and a former girlfriend. Lewis, 86, whose family trust controls a …
British billionaire Joe Lewis pleads not guilty to US insider trading charges Read More »
