HONG KONG, June 21 Reuters China Evergrande Group said it expects to announce its preliminary restructuring plan before the end of July, sticking to its original deadline as the world39;s most indebted property developer struggles to emerge from its financial crisis. Reeling under more than 300 billion in liabilities, the firm39;s offshore debt is deemed to […]

June 23 Reuters London39;s Heathrow said on Thursday demand for travel has been stronger than expected, prompting Britain39;s busiest airport to raise its passenger number forecast for the year, while costs are also on the rise. Heathrow raised the forecast to 54.4 million from 53 million it had anticipated last month and said it was […]

BENGALURU, June 23 Reuters India has ordered an investigation into a fire incident involving a Tata Motors electric vehicle, a government official said on Thursday, after the automaker described it as an isolated thermal incident. A video on social media, which has gone viral, showed one of the company39;s electric cars engulfed in flames. The video […]

June 22 Reuters HarleyDavidson Inc on Wednesday named former PricewaterhouseCoopers LLP PWC executive Tralisa Maraj as chief financial officer of its electric bike unit, LiveWire. Maraj, whose appointment is effective immediately, was earlier CFO of Canada39;s CGX Energy Inc. Milwaukeebased Harley in December announced that it would take LiveWire public though a merger with a blankcheck […]

TOKYO, June 22 Reuters Toyota Motor Corp on Wednesday cut its July global production plan by 50,000 vehicles as semiconductor shortages and COVID19 parts supply disruptions continued to curb output. The world39;s largest car maker by volume expects to make 800,000 vehicles next month, it said in a statement. As it remains difficult to look ahead […]

DOHA, June 22 Reuters Germany39;s Volkswagen is optimistic that the carmaker can meet its 2022 targets in China despite COVID19 lockdowns, its chief executive said on Wednesday. We39;re still optimistic that we can meet our 2022 targets in China because we have a recovery plan in place, a huge incentive programme from the government into automotive […]

June 21 Reuters Blank check company Goldenstone Acquisition Ltd said late on Tuesday that it has entered into a deal with blockchainbased payments company Roxe Holding Inc to take it public for a combined enterprise value of about 3.6 billion. The deal bucks an unfavorable market environment with cryptocurrencies plunging in value and investors largely losing […]

HONG KONG, June 20 Reuters China39;s Tencent Holdings announced to its staff on Monday the official formation of an extended reality XR unit, three people familiar with the matter said, formally placing its bets on the metaverse concept of virtual worlds. The unit is tasked with building up the extended reality business for Tencent including both […]

WASHINGTON, June 20 Reuters JetBlue Airways said Monday it had sweetened its takeover offer for Spirit Airlines to 33.50 per share in a bid to convince the ultralow cost carrier to accept its offer over rival Frontier Airlines39; proposal. The move is the latest salvo in a tussle to create the fifthlargest U.S. airline, helping the buyer […]

SHANGHAI, June 20 Reuters Tesla cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for at least two months starting on July 1, a local traffic police official told Reuters on Monday. The decision by the Beidaihe authorities comes just weeks after Tesla cars […]