MADRID, Oct 11 Reuters Zara owner Inditex has launched a fund to invest around 50 million euros 54.75 million in innovation projects, mainly in the textile sector. Spanish website El Confidencial on Friday reported Inditex39;s decision to invest in a new fund, which the company confirmed to Reuters. The new fund, to be managed by […]

Oct 11 Reuters Polestar said on Friday that it expected to achieve a positive gross profit margin in the fourth quarter despite its electric vehicle deliveries falling 14 in the third quarter. Shares of the Swedish company fell 3.8 in premarket trading. Polestar, which is majority owned by China39;s Geely RICRICGEELY.UL, has been grappling with […]

STOCKHOLM, Oct 11 Reuters Meta Platforms Inc META.O, opens new tab said on Friday it had removed a network of group accounts targeting Russianspeakers in Moldova, ahead of the country39;s Oct. 20 election, for violation of the company39;s policy on fake accounts. Moldova, with a population of about 2.5 million people, is located between Romania and Ukraine, […]

Lufthansa says Fiumicino has room to grow German airline sees airport as gateway to LatAm, Africa Fiumicino39;s expansion plan awaits Italian regulator approval Analysts and investors warn of uncertainties in ITA investment ROMELONDONFRANKFURT, Oct 11 Reuters Lufthansa39;s longpromised turnaround of Italy39;s ITA Airways, crucial to help revive the German airline39;s fortunes, is interlinked with Rome airport Fiumicino39;s […]

MUMBAI, Oct 11 Reuters Billionaire Gautam Adani39;s flagship firm Adani Enterprise has raised 500 million via a share sale to local insurance and mutual funds firms and an existing U.S. based investor, two sources with direct knowledge said. The share sale marks the company39;s return to equity markets after it scrapped a 2.5 billion plan in […]

Oct 11 Reuters India39;s Tata Consultancy Services39; shares slumped as much as 2.7 on Friday after its secondquarter profit missed Street estimates, although rivals advanced on expectations that demand in their key banking segment was recovering. The stock, which was choppy in early trade, was last down 2.4 at 4,125.15 rupees. On Thursday, the country39;s No.1 […]

Cybercab production to start in 2026; to be priced under 30,000 Operating cost to be 20 cents per mile over time Musk also showcased robovan, Optimus humanoid robot Oct 10 Reuters Tesla CEO Elon Musk showcased on Thursday a longawaited robotaxi with two gullwing doors and no steering wheel or pedals and surprised with robovan, betting […]

Oct 11 Reuters Volkswagen Group on Friday reported a 7 decline in thirdquarter global deliveries, showing how Europe39;s car industry is facing tough challenges, including weak demand from China and high production costs at home. Europe39;s car companies also have to contend with the impact of a potential trade war between Beijing and the European Union as […]