By David Shepardson WASHINGTON (Reuters) – A group representing General Motors Toyota, Volkswagen and other major automakers warned new 25% tariffs President Donald Trump plans
Category: Business
Investors react as Trump auto tariffs rattle markets
(Reuters) -Automaker stocks around the world slumped on Thursday after the latest round of U.S. tariffs were targeted at the sector. U.S. President Donald Trump
Chinese EV maker Nio to raise $450 million for EV development, term sheet shows
(Reuters) -Chinese electric vehicle maker Nio plans to raise around HK$3.50 billion ($450.1 million) via a share placement to develop its smart EVs, a term
Microsoft pulls back from more data center leases in US and Europe, analysts say
(Reuters) – Microsoft has abandoned data center projects set to use 2 gigawatts of electricity in the U.S. and Europe in the last six months
Coca Cola bottlers raided by EU antitrust regulators, source says
By Foo Yun Chee BRUSSELS (Reuters) – Coca Cola bottlers were raided by EU antitrust regulators earlier this month, a person with direct knowledge of
X to report first annual ad revenue growth since Musk’s takeover, data shows
By Jaspreet Singh (Reuters) – Elon Musk-owned social media platform X is poised for the company’s first year of advertising revenue growth since its acquisition
China, US need to cooperate in AI, says US-China relations committee head
BEIJING (Reuters) – China and the United States need to cooperate in artificial intelligence, and duplication of efforts in the area could be avoided, the
Apple is welcome to expand investment in China, commerce minister tells CEO
BEIJING (Reuters) – China’s commerce minister told Apple CEO Tim Cook on Monday that the company is welcome to expand investment in the country, a
Tesla jumps as possible tariff leeway, lower share price draw investors
By Deborah Mary Sophia and Akash Sriram (Reuters) -Tesla shares surged 9% on Monday after this year’s steep decline following reports the Trump administration is
Apple losing over $1 billion a year on streaming service, the Information reports
(Reuters) -Apple is losing more than $1 billion a year on its streaming service, the Information reported on Thursday, citing two people familiar with the