June 13 Reuters Amazon said it is investing 230 million in the form of Amazon Web Service AWS credits in artificial intelligence startups, the latest example of cloud providers trying to capture AI clients from nascent stages. The credits will provide earlystage generative AI startups free access to computing power, a variety of AI models, and […]

Average price of a dress on Shein jumps by 28 in U.S. Price hikes aimed at boosting revenue and profit Higher prices also driven by external brands like Skechers LONDON, June 13 Reuters Fast fashion retailer Shein, known for its Chinamade 5 tops and 10 dresses, has hiked prices by over a third on some […]

AUBURN HILLS, Michigan, United States, June 13 Reuters Stellantis will stick to its asset light strategy on China, mainly focused on exporting to the country rather than manufacturing there, CEO Carlos Tavares told investors on Thursday. Stellantis39; investor day came a day after the European Union, one of the FrancoItalian carmaker39;s largest markets, said it would impose […]

BRUSSELS, June 13 Reuters Lufthansa is likely to secure EU antitrust approval for its bid to buy a stake in stateowned Italian airline ITA, with regulators leaning towards clearing the deal, three people with direct knowledge of the matter said on Thursday. The European Commission, which acts as the EU competition enforcer, has however yet to […]

TOKYO, June 13 Reuters Honda Motor will start selling a microsized electric van targeted at Japan39;s delivery industry in October, the Japanese automaker said on Thursday, joining an increasingly crowded part of the market. The small electric commercial van will have a cruising range of 245 km 152 miles, the company said in a statement. It […]

June 13 Reuters British outsourcing group Capita unveiled strategic plans on Thursday to focus on its core segments as it aims to improve its financial performance and cash generation. WHY IT39;S IMPORTANT? The company in March flagged costcutting steps worth about 100 million pounds 127.8 million, after reporting an annual loss and wider cash outflows on […]