Rheinmetall’s profit doubles as defence spending surges
By Miranda Murray BERLIN (Reuters) -German arms manufacturer Rheinmetall more than doubled operating profit in the second quart..
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Meta unveils biggest Llama 3 AI model, touting language and math gains
By Katie Paul NEW YORK (Reuters) -Meta Platforms released the biggest version of its mostly free Llama 3 artificial intelligenc..
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Oil prices rise as US crude, fuel inventories seen shrinking
By Laila Kearney NEW YORK (Reuters) – Oil prices rebounded on Wednesday, snapping three straight sessions of decline, as falling..
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Tesla profit margins worst in five years as price cuts, incentives weigh
By Hyunjoo Jin, Akash Sriram (Reuters) -Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Str..
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Britain’s gas network ready for hydrogen fuel, report says
LONDON (Reuters) – Britain’s national gas network is ready to accommodate hydrogen as a fuel to power homes and industry, ..
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UK pay settlements hold at 4.9% in three months to June
By David Milliken LONDON (Reuters) – British employers offered average annual pay settlements of 4.9% in the three months to Jun..
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Visa reports rare quarterly revenue miss, shares drop
By Arasu Kannagi Basil (Reuters) -Visa’s third-quarter revenue growth fell short of Wall Street targets in a rare miss for the w..
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Porsche cuts forecasts due to alloy shortage, shares fall
By Victoria Waldersee (Reuters) -Porsche AG cut its sales and profit outlook on Tuesday due to an unexpected aluminium alloy supply sh..
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GM beats quarterly expectations and raises forecast, but shares dive
By Nora Eckert DETROIT (Reuters) -General Motors reported second-quarter profit and revenue on Tuesday that beat Wall Street’s e..
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Digesting Biden exit, markets focus on earnings, data
By Yoruk Bahceli and Tom Westbrook (Reuters) -World markets steadied on Tuesday as investors looked beyond Joe Biden’s exit from..
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