Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing, executives said Thursday, in a boost for manufacturers after a long struggle for components.
American Airlines reports profits despite jet fuel cost drag
Freeport-McMoRan Inc, the world's largest publicly traded copper miner, posted a lower-than-expected quarterly profit on Thursday as prices for the red metal slumped amid global recession fears and COVID-19 lockdowns in China.
Ford Motor Co said on Thursday it will buy lithium from ioneer Ltd's Rhyolite Ridge mining project in Nevada and use the metal to build electric vehicle batteries in the United States.
Ford Motor Co said on Thursday it will buy lithium from ioneer Ltd's Rhyolite Ridge mining project in Nevada and use the metal to build electric vehicle batteries in the United States.
The reported job eliminations will come from the internal combustion Ford Blue unit, in addition to other salaried positions in the company.
Ford Motor Co on Thursday said it will import lower-cost lithium iron batteries for its North American electric pickup trucks and SUVs from Chinese battery champion CATL, as it works on a broader alliance with CATL and an array of separate deals to secure battery and battery materials into the next decade.
Ford Motor Co on Thursday announced a series of deals to accelerate its shift to electric vehicles, including sourcing battery capacity and raw materials from such companies as Chinese battery maker CATL and Australian mining giant Rio Tinto.
The pod sleeps two adults and three children, and it is fully insulated and heated.
Blackstone Inc, the world's largest alternative asset manager, posted an 86% surge in second-quarter distributable earnings on Thursday but warned that the asset sales fueling this growth would slow down amid the economic downturn.
Blackstone Inc, the world's largest alternative asset manager, posted an 86% surge in its second-quarter distributable earnings on Thursday driven by strong asset sales despite a drop in the value of most of its funds amid a market downturn.
HSBC has agreed to sell its Russia business to Expobank, signing a deal shortly before Moscow said it would move to block the sale of foreign banks' Russian businesses in retaliation for restrictions imposed on its own lenders.
Fifth Wall, a Los Angeles-based venture capital firm focused on real estate technology, said on Thursday it has raised $500 million for a climate fund to help decarbonize an industry estimated to account for nearly 40% of the world's carbon emissions.
James Murray will join as Snapchat's chief security officer in August. Earlier this month, New York Times reported that Murray is leaving after three decades at the agency for a top job at Snapchat.
Euro gets boost ECB supersizes rate hike, US stocks rise again
Ukraine grain deal expected Friday as Russian gas flows resume
Chemicals maker Dow Inc projected third-quarter sales below market estimates on Thursday, blaming a global surge in inflation for a demand slowdown and sending its shares down 3%.
Boeing secured a revived order for 25 of its 737 MAX 10 airliners from Qatar Airways on Thursday, as the return of Britain's Farnborough Airshow this week offered hope for the largest version of the planemaker's troubled best-seller.
HSBC Holdings said employees who form branches of the Chinese Communist Party (CCP) within private companies in China have 'no influence' on the running of the business, following media reports on Thursday that such a unit had been established at its China securities unit.
Rogers Communications faces a tough antitrust regulator and a July 31 deadline to close its C$20 billion ($15.5 billion) acquisition of Calgary-based Shaw Communications.
Wall Street is bracing for the slowest global revenue growth in the history of the social media sector, as intensifying competition from TikTok and Apple in advertising threaten to compound economic woes in the second quarter.
U.S. card companies are likely to strike a cautious tone in their quarterly results as rising prices imperil strong spending by Americans stepping out of their pandemic shells.
Economic advisers to Brazil's leading presidential candidate are drafting plans for a more aggressive foreign exchange policy, including more market interventions and tighter regulation of derivatives to curb volatility, senior aides told Reuters.
UK's Tempest fighter project soars as European rival remains in limbo
South Africa, where daily blackouts are a fact of life, knows better than most that it cannot rely on coal power.
South Africa, where daily blackouts are a fact of life, knows better than most that it cannot rely on coal power.
Vodacom Group will retain full ownership of a new subsidiary that will take over its South African tower business, the telecoms company said on Thursday, announcing a 5.2% rise in first-quarter revenue.
Smoke without fire? Researchers question heated tobacco products
Fans return as Comic-Con awaits new 'Thrones' and 'Rings' shows
On Feb. 2, when Meta Platforms reported Facebook's first-ever quarterly drop in daily users, its finance chief identified higher mobile data costs as a unique obstacle slowing growth in India, its biggest market.
