SHANGHAI, June 6 Reuters Chinese electric vehicle maker Nio said on Thursday it expected deliveries in the second quarter to more than double from a year earlier to between 54,000 and 56,000. Revenue would also nearly double to about 2.3 billion in the threemonth period starting April, the company said. The nineyearold company, however, is still […]

June 6 Reuters Jif peanut butter maker JM Smucker topped Wall Street estimates for fourthquarter profit on Thursday, helped by higher prices of condiments and frozen food as well as lower input costs, sending its shares up 2 before the bell. Benefits from price hikes helped the company shield its margins from rising costs of coffee. […]

June 6 Reuters Starbucks will partner with Grubhub to deliver coffees and other customized beverages in select U.S. markets starting this month, in its latest attempt to widen its reach as inflationhit customers are increasingly opting to eat at home. The coffee chain39;s products will be homedelivered in Pennsylvania, Colorado and Illinois at first, and then […]

MILAN, June 6 Reuters Market demand for Fiat39;s new hybrid 500e small car amounts to around 100,000110,000 units a year, a group executive said on Thursday, as the company offers a cheaper version of its fullyelectric model EV. Fiat maker Stellantis last month announced it would add hybrid versions of its 500e small electric car and Jeep Compass […]

ABIDJAN, June 6 Reuters Ivory Coast39;s gold output hit a record high in 2023, helped by the opening of new mines, and will continue to grow further, mines minister Mamadou Sangafowa Coulibaly said on Thursday. Ivory Coast, the world39;s top cocoa producer, is seeking to develop its longneglected mining sector to diversify its sources of […]

HONG KONG, June 6 Reuters Embattled Country Garden said in a filing on Thursday the Hong Kong High Court had further adjourned a hearing of a petition seeking liquidation of the Chinese property developer to July 29. The company did not provide a reason for the delay. The hearing was originally adjourned to June 11 from May, as […]

BRUSSELS, June 6 Reuters A Meta plan to use personal data to train its artificial intelligence AI models without seeking consent came under fire from advocacy group NOYB on Thursday, which called on privacy enforcers across Europe to stop such use. NOYB none of your business urged national privacy watchdogs to act immediately, saying recent changes […]