(Reuters) – Mercedes-Benz is cutting 10-15% of sales and finance jobs in China and plans to reduce costs for office-based roles by a quarter in the country by 2027, a person with direct knowledge of the matter said. The roughly 2,000 people working in research and development at Mercedes-Benz China will be unaffected by the …
Mercedes-Benz China plans to cut workforce costs by 25% by 2027, source says Read More »
(Reuters) – Skippy peanut butter maker Hormel Foods on Thursday missed first-quarter profit estimates, hurt by higher input costs and the persistent effects of a supply issue at its Planters brand’s distribution facility from last year. Hormel Foods, which sells snacking and packaged meat products, has also taken a hit due to lower whole turkey …
Hormel Foods misses quarterly profit estimates on higher input costs Read More »
(Reuters) – Meta Platforms said on Thursday it had resolved an error that flooded the personal Reels feeds of Instagram users with violent and graphic videos worldwide. It was not immediately clear how many people were affected by the glitch. Meta’s comments followed a wave of complaints on social media about violent and “not safe …
Meta fixes error that flooded Instagram Reels with violent videos Read More »
By Ankika Biswas and Bansari Mayur Kamdar (Reuters) – With China at the forefront of U.S. President Donald Trump’s tariff agenda, domestic economists expect a combination of policy measures, supply chain adjustments and strengthened global partnerships to cushion the world’s second-largest economy as the trade war intensifies. “We (China) have taken proactive steps to mitigate …
As trade war escalates, economists bet on China resilience Read More »
By Sarah Young LONDON (Reuters) – Britain’s Rolls-Royce lifted its mid-term targets to reflect its confidence in future profit growth after a plan to improve engines and cut costs helped its results beat expectations, pushing its shares up 15% on Thursday. The upgrade showed the progress made by Rolls-Royce over the last two years after …
UK’s Rolls-Royce hits record high as mid-term goals raised Read More »
BEIJING (Reuters) – Xiaomi, the world’s third-largest smartphone maker, launched its new flagship smartphone Xiaomi 15 Ultra on Thursday, with the base model starting at 6,499 yuan ($894.19). The handset is equipped with a 1-inch ultra-large main camera sensor, featuring a 200MP periscope telephoto lens to tackle the industry’s common challenge of low-light telephoto imaging. …
Xiaomi launches 15 Ultra flagship smartphone priced from $894 Read More »
(Reuters) -Canada’s TD Bank reported a fall in first-quarter profit on Thursday as its U.S. business grapples with the fallout of money laundering compliance failures. Last year, TD became the biggest bank in U.S. history to plead guilty to money laundering failures in the country and agreed to pay a landmark $3 billion fine. 2025 …
Canada’s TD Bank quarterly profit falls on hit from US business Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan What appeared like a solid earnings beat from AI-bellwether Nvidia failed to impress nervy tech investors, with anxiety about the wider U.S. economy persisting as trade tariff drums keep beating. As the poster child for the artificial intelligence boom that’s driven …
Morning Bid: Even Nvidia beat gets a shrug, tariff war looms Read More »
By Gabriel Araujo SAO PAULO (Reuters) – Embraer expects to increase aircraft deliveries by up to 18% this year, it said on Thursday, reaching as many as 240 commercial and executive jets as it continues to lift output to meet strong demand. Despite supply chain disruptions, the world’s third-largest planemaker – which delivered 203 jets …
Planemaker Embraer plans to boost deliveries as demand heats up Read More »
(Reuters) – Canadian Imperial Bank of Commerce reported a rise in first-quarter profit on Thursday, helped by strength in its capital markets unit. The Canadian central bank’s move to lower interest rates, along with strong economic data, has helped equity markets soar and boosted investors’ appetite to strike more deals. CIBC’s Capital Markets unit reported …
CIBC quarterly profit rises on capital markets strength Read More »
