By Amir Orusov (Reuters) -Tesla’s sales rose in Norway and Spain during June, an early sign that some are buying its revamped Model Y vehicle even as the EV maker struggles with the fallout from CEO Elon Musk’s politics and competition from European and Chinese brands. Tesla sales also rose in Portugal, though it was …
Tesla sales rise in Norway and Spain, boosted by Model Y Read More »
PARIS (Reuters) -The French civil aviation agency said on Tuesday it had asked airlines to reduce flights at Paris’ airports by 25% on July 3 following notification of a strike by air traffic controllers. The agency said it had also asked airlines to reduce flights from Nice, Bastia and Calvi by 50% and from Lyon, …
WARSAW (Reuters) -Silicon Valley startup Lyten will take full ownership of Northvolt Dwa ESS, Europe’s largest energy storage systems factory, in a move to expand its product line, the U.S. company said on Tuesday. Northvolt filed for bankruptcy in March, one of Sweden’s largest corporate failures and effectively ending Europe’s best hope of developing a …
US startup Lyten to take over Northvolt’s energy storage systems factory in Poland Read More »
By Nell Mackenzie LONDON (Reuters) -Trading of derivatives contracts that provide investors with protection against UK company defaults jumped almost 50% in the first quarter of 2025 to more than $2 trillion, an International Swaps and Derivatives Association report showed on Tuesday. WHY IT’S IMPORTANT Credit default swaps trading reported in the UK rose by …
Trading on protection against UK defaults jumped in Q1, says ISDA Read More »
By Stine Jacobsen and Gabriel Araujo COPENHAGEN/SAO PAULO (Reuters) -Shares of Brazilian planemaker Embraer hit a fresh all-time high on Tuesday as it secured an order from Scandinavian Airline SAS for up to 55 aircraft, in a deal worth around $4 billion excluding purchase rights. SAS has signed a firm deal for 45 E195-E2 aircraft, …
Embraer shares hit new highs as SAS places order Read More »
LONDON (Reuters) -Britain’s official budget watchdog said on Tuesday that it had been too optimistic about the country’s economic growth outlook, raising the prospect of a downgrade of its forecasts which would be a blow to finance minister Rachel Reeves. The Office for Budget Responsibility said in an annual assessment of its forecasting that its …
UK budget forecasters say they have been too upbeat, posing a risk for Reeves Read More »
(Reuters) -AstraZeneca is considering moving its stock market listing from London, where it is the exchange’s most valuable company, to the United States, the Times reported on Tuesday, citing multiple sources. Any such move would be a major blow to the UK stock market, which has seen a string of delistings and missed out on …
AstraZeneca considers moving listing to US, the Times reports Read More »
By Sukriti Gupta, Sanchayaita Roy and Shashwat Chauhan (Reuters) -European shares ended slightly lower on Tuesday, with industrials and banks the biggest drags as investors weighed uncertainty over U.S. trade deals with the July tariff deadline fast approaching and discussions on a U.S. tax bill. The pan-European STOXX 600 index closed 0.2% lower, coming off …
European shares end marginally lower as markets gauge trade talks, US tax bill Read More »
(Reuters) -UK’s main stock indexes ended higher on Tuesday as investors assessed a mixed bag of company news, including a report that AstraZeneca’s CEO is considering moving the company’s listing to the U.S. The internationally oriented FTSE 100 rose 0.28%, while the domestically-focussed midcap index added 0.54%. Midcap stocks ended June by logging their best …
PARIS (Reuters) -New car registrations in France slid 6.7% in June from a year earlier to 169,504 vehicles, data from French car body PFA showed on Tuesday. Tesla sales fell 10.04% to 3,646 vehicles last month. Since the beginning of the year, Tesla’s sales have slumped by 39.59% while the French market overall has shrunk …
France car registrations down 6.7% in June, Tesla sales drop 10% Read More »
