BERLINSEOUL, June 29 Reuters German authorities have raided Hyundai and Kia over allegations that they put over 210,000 diesel vehicles with suspected illegal defeat devices onto the road, the Frankfurt state prosecutor39;s office said on Tuesday. The announcement sent shares of the two South Korean automakers down more than 6 on Wednesday, as investors fear it may […]

TOKYO, June 29 Reuters Toyota Motor Corp39;s global production for the first five months of 2022 fell 9.7 short of its own target on average, raising questions about whether the Japanese automaker will be able to maintain its current fiscal production target. The world39;s largest automaker by sales said it produced 634,940 vehicles globally in May, […]

NEW DELHI, June 29 Reuters Japanese chipmaker Renesas Electronics Corp and India39;s Tata Motors have formed a strategic partnership to design, develop and make semiconductor solutions, the firms said on Wednesday. The move comes as a persistent global shortage of semiconductor chips has hobbled the automotive and electronics industries, among others, forcing production cutbacks, while highlighting global […]

TOKYO, June 29 Reuters Sony Group Corp said on Wednesday it39;s launching a new line of headphones and monitors targeting the growing PC market for videogames as the Japanese conglomerate looks beyond its core PlayStation console gaming audience. Sony, whose PlayStation 5 console has been affected by supply chain snarls, last month announced a pivot towards […]

Reuters Airbnb Inc said on Tuesday it will make permanent its ban on parties in homes listed on its platform after seeing a sharp drop in reports of unauthorized gatherings since the prohibition was put in place in August 2020. The company announced seeing a 44 yearafteryear drop in the rate of party reports since implementing […]

STOCKHOLM, June 29 Reuters HM, the world39;s secondbiggest fashion retailer, reported a forecastbeating 33 increase in MarchMay profit on Wednesday as shoppers flocked to its stores in the aftermath of the pandemic. The Swedish company reported a pretax profit of 4.78 billion crowns 471 million for its fiscal second quarter, up from 3.59 billion a […]

MEXICO CITY, June 27 Reuters Heineken will build a 1.8 billion peso, or 90 million, can manufacturing plant in the northern Mexican state of Chihuahua near its brewery in the town of Mequoi, the company said on Monday. The plant, Heineken39;s seventh in the country, will bring around 120 direct jobs after opening and around 150 […]

NEW YORKWASHINGTON, June 27 Reuters Morgan Stanley, Goldman Sachs, Bank of America and Wells Fargo hiked their dividends on Monday after the U.S. banks cleared their annual stress test exerciselast week. The U.S. FederalReserve said on Thursday the country39;s largest lenders could easily weather a severe economic downturn, giving them a clean bill of health and paving […]

HONG KONG, June 27 Reuters A windingup petition has been filed against embattled property developer China Evergrande Group at the Hong Kong high court, the judiciary39;s website showed. The petition was made by Top Shine Global Limited of Intershore Consult Samoa Limited, according to the website, and a hearing will be held on Aug. 31. Evergrande […]

Surging inflation causing labour unrest across Europe Some Ryanair cabin crew demanding better conditions Budget airline says does not expect widespread summer disruption Other airlines face strikes amid struggles with staff shortages LISBONBRUSSELS, June 24 Reuters Some cabin crew at Ryanair went on strike in Belgium, Spain and Portugal on Friday in a dispute over […]