Reuters News outlet CNN will cut about 100 jobs as part of a plan to consolidate news operations and bolster its digital business, according to an internal memo seen by Reuters on Wednesday. CNN will merge its newsgathering and digital news teams, invest in video operations and launch payperview news products, CNN Worldwide CEO Mark […]

BERLIN, Reuters Tesla has raised prices of its Model 3 cars in European countries including Germany, the Netherlands and Spain by about 1,500 euros 1,622 after the EU imposed tariffs on EVs made in China, the U.S automaker said on Wednesday. Tesla, which makes the Model 3 in Shanghai and is the top exporter of EVs […]

BRUSSELS, July 12 Reuters U.S. grains merchant Bunge and Glencorebacked Viterra have offered concessions aimed at winning EU antitrust approval for their 34 billion merger, the European Commission website showed on Friday. The companies announced their merger a year ago in a challenge to global giants ArcherDanielsMidland and Cargill CARG.UL. The European Commission, which did not provide details of the […]

CHENNAI, India, July 12 Reuters South Korean carmaker Hyundai Motor has ruled out any special allocation of shares to Indian workers in its forthcoming mammoth Indian stock market listing, despite employee demands, sources close to the matter said on Friday. Hundreds of workers at the company39;s main Indian plant at Sriperumbudur near Chennai demonstrated this week […]

LONDONFRANKFURT, July 12 Reuters Deutsche Lufthansa slashed its 2024 earnings guidance for a second time and issued a profit warning for its second quarter on Friday as one of Europe39;s top airlines struggles with low returns and operations problems. The warning underscores worries about a weakerthanexpected quarter for airlines as they struggle with high labour and […]

BEIJING, July 12 Reuters Chinese ecommerce vendors are struggling for survival as sales growth slows, price pressure rises and shopping platforms compete with evermore aggressive policies to attract increasingly costconscious customers. A oncethriving ecommerce industry punctuated by shopping bonanzas featuring galas and celebrities is bearing the brunt of a sputtering economy that has seen consumers all but […]

July 12 Reuters Global sales of fully electric and plugin hybrid vehicles rose by 13 in June versus the same month in 2023 driven by growth in China, while they dropped in Europe, market research firm Rho Motion said. China accounted for over 60 of the total, as rising availability of electric vehicles and strong […]