SHANGHAI, June 8 Reuters U.S. luxury electric vehicle EV maker Lucid Group is preparing to enter the world39;s largest auto market, its head of China operations Zhu Jiang said on Thursday. Lucid will sell imported cars in China while also considering local production in the country, according to a person familiar with the matter who was […]

June 8 Reuters Alphabet39;s Google and Microsoft are inserting ads into AI experiments without providing an option to opt out of participation, an approach that has already rankled some brands and risks further pushback from the industry, ad buyers told Reuters. The two tech giants are racing to revamp their search engines with artificial intelligence that can produce written […]

OSLO, June 8 Reuters Renewable energy group Orsted will invest 475 billion Danish crowns 68.3 billion to achieve a 2030 goal to install 50 gigawatts GW of power capacity, it said ahead of an investors39; update later on Thursday. The Danish company said the plans were fully selffunded and it expected to exceed goals set in […]

June 7 Reuters Coinbase executives on Wednesday defended the company against a lawsuit brought by the U.S. securities regulator, saying the cryptocurrency sector lacks a clear set of guidelines. The Securities and Exchange Commission SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, […]

Sales of springsummer collection rose 16 in past month Net profit of 1.2 billion euros exceeded analyst expectations Results come despite 20 rise in average wages in Spain Company to invest 1.6 billion euros to expand store space by 3 Shares reach highest since 2017 MADRIDLONDON, June 7 Reuters Zara owner Inditex said on Wednesday sales […]

Reuters Reddit said on Tuesday it is laying off about 5 of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America. Tech companies including Meta Platforms have been slashing jobs after aggressively hiring during the pandemic, as the industry braces for an economic downturn. Meta, the […]

LONDON, Reuters Britain39;s largest mortgage provider Halifax will ramp up interest rates for new home loans on Wednesday, according to pricing provided to brokers, the latest major lender to do so in response to soaring funding costs. Unexpectedly strong British inflation data last month sparked a big jump in market interest rates as investors scrambled to price […]

Bank aims for 13 ROE, costincome ratio of 45 Exits Norwegian retail business Dividend payout to resume at H1 results 50 bln DKK dividend payout expected from 2023 to 2026 COPENHAGEN, June 7 Reuters Danske Bank on Wednesday raised its longterm earnings target and said it plans to divest its Norwegian retail business as part of […]

Reuters General Electric Co is offering 25 million of common stock, or an over 2 billion stake, in GE HealthCare Technologies Inc, according to a regulatory filing on Monday. Under the debtforequity exchange agreement, GE is expected to exchange 28.75 million GE HealthCare shares for debt held by affiliates of Morgan Stanley, GE HealthCare said in […]

FRANKFURT, June 6 Reuters Global container shipping freight rates have reached unsustainable levels and must rebound, the chief executive of Germany39;s Hapag Lloyd, the world39;s number five operator by volume, said on Tuesday. There are spot rates that are clearly below cost, said CEO Rolf Habben Jansen in a call with journalists. In the long […]