Q1 operating profit 578.66 bln yen vs 997.4 bln yen yearago Slammed by global chip shortage, COVID curbs in China Sticks to FY profit, output forecasts citing strong demand Raises FY materials costs estimate by 17; shares drop 3 TOKYO, Aug 4 Reuters Toyota Motor Corp39;s profit slumped a worsethanexpected 42 in its first quarter as […]

MUMBAI, Aug 3 Reuters An Indian government agency has accused Chineseowned Vivo Mobile of evading taxes worth 22.1 billion Indian rupees 280 million, it said in a statement. The tax evasion allegation is India39;s second this week against a Chinese phonemaker. India39;s Directorate of Revenue Intelligence DRI detected customs duty evasion, following which it has […]

LONDON, Aug 4 Reuters The estimated cost to companies of decommissioning oil and gas infrastructure in the British North Sea has fallen to close to a target of nearly 40 billion pounds 49 billion. Production in the North Sea basin started in the 1960s, making it a petri dish for other fossil fuel extracting regions trying to […]

Shares up more than 8 Q2 operating profit rebounds from Q1 loss Sales down 4 to 2.6 bln euros BERLIN, Aug 4 Reuters Zalando shares jumped on Thursday as Europe39;s biggest online fashion retailer returned to profit in the second quarter thanks to cost cuts, though another drop in sales showed the effects of squeezed consumer […]