(Reuters) -Tesla chief executive Elon Musk has assumed oversight of sales in Europe and the U.S. following the high-profile departure of Omead Afshar, Bloomberg News reported on Tuesday, citing people familiar with the matter. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Tasim Zahid)
By Sarah Young LONDON (Reuters) -Marks & Spencer will be over the worst of the fallout from this year’s damaging cyberattack by August, its CEO said on Tuesday as shareholders questioned the British retailer over whether it could have prevented the incident that caused a 300 million pound ($413 million) hit to profit. The April …
M&S will be over the worst of cyberattack impact by August, says CEO Read More »
By Jaspreet Singh (Reuters) -Meta CEO Mark Zuckerberg has reorganized the company’s artificial intelligence efforts under a new division called Meta Superintelligence Labs, according to a source on Monday. The division will be headed by Alexandr Wang, former CEO of data labeling startup Scale AI. He will be the chief AI officer of the new …
Meta deepens AI push with ‘Superintelligence’ lab, source says Read More »
By Balazs Koranyi SINTRA, Portugal (Reuters) -The European Central Bank can afford to wait a while before contemplating any further change in interest rates, and it is not obvious the bank should ease much more in the current cycle, Estonian policymaker Madis Müller said on Tuesday. The ECB has cut its benchmark deposit rate by …
ECB can afford to hold off on further rate changes for a while, Müller says Read More »
BERLIN (Reuters) -Rheinmetall is seeking to reach sales of between 40 and 50 billion euros ($59 billion) by 2030, CEO Armin Papperger told broadcasters RTL and NTV in an interview published on Tuesday. “I would like this company to have a turnover of between 40 and 50 billion and a profit of just under 10 …
Rheinmetall seeks sales of up to 50 billion eur by 2030, CEO tells German TV Read More »
By Johann M Cherian (Reuters) -Sterling neared a three-year high on Tuesday, aided by a broad dollar weakness, as uncertainty about the health of the U.S. economy continued to pressure the U.S. currency and forced investors to look for alternatives. The pound edged up 0.4% to $1.378 at 1013 GMT, after logging its strongest quarterly …
Sterling firms to three-year peak, focus on welfare bill vote Read More »
MADRID (Reuters) -Blackstone’s gambling company Cirsa intends to have its shares listed on the Spanish stock market on or around July 9, it said on Tuesday after the stock market regulator CNMV authorised the planned initial public offering. The company said on Monday it would seek a valuation of 2.52 billion euros ($2.98 billion) in …
Blackstone’s gambling co Cirsa expects share listing in Spain on July 9 Read More »
By Davide Barbuscia NEW YORK (Reuters) -The BlackRock Investment Institute (BII) said on Tuesday that growing uncertainty around traditionally stable, long-term economic trends is pushing it toward shorter-term strategies amid an increasingly unclear global economic outlook. For decades, markets have relied on core principles such as inflation stability, government fiscal discipline, central bank independence, and …
BlackRock eyes shorter-term bets amid shaky global economic foundations Read More »
By Susanna Twidale LONDON (Reuters) -Britain’s energy watchdog has given the go-ahead to a 24 billion pound ($33.08 billion) investment to upgrade the country’s transmission system, but said the move could push up network charges on household bills by more than 100 pounds. Tuesday’s provisional decision from Ofgem comes as the Labour government faces mounting …
UK energy bills may rise as regulator approves 24 billion pound network upgrade Read More »
(Reuters) -Tesla’s new car sales in Spain rose 60.7% in June from the same month in 2024 to 2,632 vehicles, registration data released by industry group ANFAC showed on Tuesday, as sales of all electrified cars more than doubled. In the first half of the year though sales of Tesla cars in Spain fell 0.9% …
