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Geely’s London black cab unit unveils new large EV platform
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Heineken to invest $300 million in Brazil to expand premium beer portfolio
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US Treasury’s top international official heads to Europe, Asia for talks on economy
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What to expect from King Charles’ coronation on May 6
EnBW Q1 core profit more than doubles on valuation gains
Date: May 4, 2023
EnBW Q1 core profit more than doubles on valuation gains FRANKFURT (Reuters) – German utility EnBW on Thursday said its core profit likely more than doubled to 2.8 billion euros ($3.1 billion) in the first quarter, citing gains on derivative positions as a result of a steep decline in energy prices. First-quarter adjusted net profit...
Novo Nordisk cuts some US supply of obesity drug Wegovy to cope with demand
Date: May 4, 2023
Novo Nordisk cuts some US supply of obesity drug Wegovy to cope with demand By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Danish drug developer Novo Nordisk said it would have to halve the supply of starter doses of its popular Wegovy weight-loss drug in the United States to cope with high demand after reporting forecast-beating results on...
Volvo Cars to axe 1,300 jobs as it steps up cost cuts
Date: May 4, 2023
Volvo Cars to axe 1,300 jobs as it steps up cost cuts COPENHAGEN (Reuters) -Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up cost cutting, the Sweden-based auto maker said on Thursday. While an earlier efficiency drive had begun to show results, more was needed, CEO Jim Rowan said...
Euro zone April business activity grows on strong services demand – PMI
Date: May 4, 2023
Euro zone April business activity grows on strong services demand – PMI By Indradip Ghosh BENGALURU (Reuters) – Growth in euro zone business activity sped up in April, though less than initially indicated, as robust services more than offset a downturn in manufacturing, according to a survey that also showed inflation was at its lowest...
Canadian PM Justin Trudeau to attend King Charles’ coronation in London
Date: May 4, 2023
Canadian PM Justin Trudeau to attend King Charles’ coronation in London OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau will travel to Britain to attend the Coronation of King Charles at London’s Westminster Abbey on Saturday, the prime minister’s office said in a statement on Wednesday. Trudeau will be joined by Governor General Mary Simon, the...
Joby Aviation to get investment from Tesla shareholder Baillie Gifford
Date: May 4, 2023
Joby Aviation to get investment from Tesla shareholder Baillie Gifford (Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation, they said on Wednesday. This comes days after Joby clinched a $55 million contract extension to deliver up to nine air taxis to the U.S. Air Force,...