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(Reuters) -Tesla’s sales volume in Germany more than halved in July, the German road traffic agency KBA said on Tuesday, although sales of battery electric vehicles rose overall. KBA said Tesla sold 1,110 cars in Germany in July, down by 55.1% from a year earlier. The number of Teslas sold in the January-July period dropped …

Tesla’s German car sales more than halved in July Read More »

By Luciana Magalhaes SAO PAULO (Reuters) -Brazilian food delivery app iFood, owned by Dutch investment group Prosus, announced on Tuesday direct investments of 17 billion reais ($3.1 billion) in the country between April 2025 and March 2026. The spending, a 25% rise from the previous 12-month period, primarily targets boosting platform traffic, increasing repeat purchases …

Brazil’s iFood app announces $3.1 billion in investments Read More »

(Reuters) -The decline in sales of new passenger cars in Russia slowed in July, Russian analytical agency Autostat said on Tuesday, with the first signs of recovery on show as some consumers took advantage of low prices in a heavily oversupplied market. Russia’s car market collapsed in 2022 as foreign automakers left following Moscow’s invasion …

Russia’s new car sales decline slows in July, Autostat says Read More »

MOSCOW (Reuters) -Russia will continue to support the rouble with net sales of foreign currency, according to new figures from the Finance Ministry released on Tuesday, ahead of U.S. President Donald Trump’s deadline to show progress towards peace in Ukraine. The Finance Ministry said it will cut its foreign currency sales from its rainy day …

Russia will still prop up rouble in August as Trump deadline looms Read More »

By Stefano Rebaudo (Reuters) -Sterling edged higher against the dollar and fell versus the euro on Tuesday, as traders expect the Bank of England to maintain its rate guidance at this week’s policy meeting. The BoE is widely expected to cut its key interest rate to 4% from 4.25% on Thursday and to lower it …

Sterling firms against dollar as markets look to BoE rate guidance Read More »

(Reuters) -Castrol India reported a 5.1% rise in second-quarter profit on Tuesday, fuelled by steady demand for its automobile and industrial lubrication products. The engine oil and industrial lubricants maker, majority-owned by BP, posted a profit after tax of 2.44 billion rupees ($27.8 million) for the quarter ended June 30, up from 2.32 billion rupees …

Castrol India’s second-quarter profit rises on higher demand Read More »