BEIJING, July 2 Reuters China39;s BYD posted a 21 rise in secondquarter electric vehicle sales, closing the gap with Tesla after handing back the world39;s top EV vendor title to the U.S. rival in the first quarter. BYD sold 426,039 EVs in the AprilJune quarter, according to Reuters39; calculations based on its monthly sales reports. That39;s around […]

ZURICH, July 2 Reuters Richemont has appointed a new boss at Cartier, its flagship jewellery business worn by Hollywood stars and royalty, the luxury group said on Tuesday. Louis Ferla, who is currently CEO of Swiss watchmaker Vacheron Constantin, will replace Cyrille Vigneron as chief executive officer from Sept. 1. Cartier is the world39;s biggest branded […]

July 2 Reuters Australian lender ANZ has been sanctioned for failing to stop or refund fees for dead customers and not responding to their representatives within a required time frame, a committee that looks at the banking industry39;s practices said on Tuesday. The Banking Code Compliance Committee, a selfregulation body, had in June 2023 come out […]

MELBOURNE, July 2 Reuters Global miner Rio Tinto is negotiating with workers at its Oyu Tolgoi copper operations in Mongolia to avert further industrial action over a sharp drop in wages that triggered an earlier strike in May. Rio Tinto moved underground at Oyu Tolgoi, one of the world39;s largest coppergold deposits, in March last year […]

July 2 Reuters French food caterer Sodexo reported slower quarterly sales growth on Tuesday, missing market forecasts, citing a slowdown in China and a change in how it recognises revenues from a large project in Australia. Shares in the Parisbased group, which spun off its voucher business Pluxee at the start of February, fell 5.5 by 0910 […]

July 1 Reuters Tesla39;s Junequarter deliveries likely fell 3.7, the first time the top EV maker is set to post two straight quarters of decline, as it deals with stiff competition in China and slow demand due to a lack of affordable new models. The company is expected to deliver 438,019 vehicles for the April to […]

BRUSSELS, July 1 Reuters Meta Platforms was charged by EU antitrust regulators on Monday for failing to comply with landmark tech rules as they took aim at the U.S. company39;s newly introduced pay or consent advertising model, already the target of privacy regulators and activists39; ire. The tech giant launched the noads subscription service for Facebook […]

JERUSALEM, July 1 Reuters Bristol Myers Squibb has agreed to pay 10 million shekels 2.7 million in Israel to settle a potential case over its blocking of a generic version for anticancer drug Imnovid, Israel39;s Competition Authority said on Monday. The antitrust agency said that Bristol and Neopharm Scientific, the Israeli distributor of Imnovid used for […]