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China surprises with cuts to key rates to support weak economy

China surprises with cuts to key rates to support weak economy

SHANGHAI (Reuters) -China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday, in eff..

Xpeng, Volkswagen set up project house to roll out new EV architecture

Xpeng, Volkswagen set up project house to roll out new EV architecture

(Reuters) -Chinese electric vehicle (EV) maker Xpeng has established project houses for engineers in partnership with German automaker..

Xpeng, Volkswagen set up project house to roll out new EV architecture

Xpeng, Volkswagen set up project house to roll out new EV architecture

(Reuters) -Chinese electric vehicle (EV) maker Xpeng has established project houses for engineers in partnership with German automaker..

Aviation summit opens amid jet shortages, supply chain turbulence

Aviation summit opens amid jet shortages, supply chain turbulence

Aviation summit opens amid jet shortages, supply chain turbulence By Joe Brock and Tim Hepher FARNBOROUGH, England (Reuters) – A..

Dollar eases as Biden ends reelection bid; yuan steady after rate cut

Dollar eases as Biden ends reelection bid; yuan steady after rate cut

By Kevin Buckland TOKYO (Reuters) – The dollar eased on Monday in the initial reaction to U.S. President Joe Biden’s decis..

CrowdStrike says significant number of outage-affected devices back up

CrowdStrike says significant number of outage-affected devices back up

(Reuters) – Cybersecurity firm CrowdStrike said on Sunday that a significant number of the 8.5 million Microsoft devices that we..

France’s Ubisoft tops guidance for Q1 net bookings on strong GaaS engagement

France’s Ubisoft tops guidance for Q1 net bookings on strong GaaS engagement

  (Corrects July 18 story to say Ubisoft beat its own forecast but missed consensus for net bookings in headline and paragraphs 1..

Electrolux swings to operating profit in Q2

Electrolux swings to operating profit in Q2

  STOCKHOLM (Reuters) – Electrolux, the world’s second-biggest appliances maker, reported on Friday an operating prof..

Lift maker Schindler’s orders slip in Q2, weighed by China

Lift maker Schindler’s orders slip in Q2, weighed by China

  By Louis van Boxel-Woolf and Bartosz Dabrowski (Reuters) -Swiss lift and escalator maker Schindler reported a slight decline in..

Consumer goods makers weighed down by weak US and European sales

Consumer goods makers weighed down by weak US and European sales

  By Richa Naidu LONDON (Reuters) – Consumer goods giants including Nestle, Kraft Heinz and Reckitt are likely to report we..