Reuters Lithia Motors Inc topped Wall Street estimates for firstquarter profit on Wednesday as the auto retailer benefited from strong demand and higher vehicle prices. A global semiconductor chip shortage has created a supply crunch and forced automakers to raise prices, a move that is aiding earnings for the sector. Lithia said its total vehicle […]

BERLIN, April 21 Reuters Belgian software startup Deliverect, which connects delivery companies to restaurants, said on Wednesday it had raised 65 million from investors to invest in growth after clocking up a total of 1 billion in orders processed. Deliverect serves UberEats, Deliveroo, Doordash and Just Eat Takeaway, and the Series C fund raising comes […]

PARIS, April 19 Reuters Air FranceKLM may seek to raise more capital to reduce debt and bolster its balance sheet as travel demand recovers from the pandemic later this year, Chief Executive Ben Smith said on Monday. Smith, addressing an online industry event as a 1 billion euro 1.2 billion share issue by the airline […]

Renewable energy group Orsted has agreed to buy Brookfield Renewables Ireland and UK onshore wind business, its first step into Europes onshore wind market, in a deal valued at 571 million euros 683 million. Brookfield Renewable Ireland BRI, headquartered in Cork, develops and operates onshore wind farms in Ireland and the United Kingdom. It has […]

WASHINGTON, April 15 Reuters The ExportImport Bank of the United States said on Thursday its board of directors had approved a yearlong extension of its COVID19 temporary relief measures through April 30, 2022, including for the Working Capital Guarantee Program and Supply Chain Financing Program. EXIM said the measures, first implemented in March 2020 and […]

Facebook has signed a deal to buy renewable energy in India from a local firms wind power project, the social media giants first such deal in the South Asian nation, the companies said on Thursday. The 32 megawatt wind power project, located in southern Karnataka state, is part of a larger portfolio of wind and […]

Nearly half of all oil pipelines from the Permian basin, the biggest U.S. oilfield, are expected to be empty by the end of the year, analysts and executives said. Pipeline companies went on a construction spree throughout 2018 and 2019 to handle blistering growth in U.S. crude production to a record 13 million barrels per […]

April 8 Reuters Tasktop Technologies Inc said on Thursday it had raised 100 million in a funding round led by technologyfocused private equity firm Sumeru Equity Partners. The company, which makes softwaredevelopment tools, said existing investors and company management also participated in the round, but did not reveal the valuation at which the funding was […]

Japans Fast Retailing, the owner of clothing brand Uniqlo, on Thursday reported a 23 jump in halfyearly operating profit and raised its fullyear profit estimate. The company has been among the most resilient retailers during the COVID19 pandemic, as Uniqlos focus on China and Japan helped it escape the worst of the downturn that hit […]

Toyota Motor Corp unveiled on Thursday new models of Lexus and Mirai in Japan, equipped with advanced driver assistance, as competition heats up to develop more selfdriving and connected cars. Toyotas latest launch comes as automakers, electric car startups and tech giants invest heavily in socalled active safety features. The Japanese carmakers new driving assist […]