Business News

By Ju-min Park and Heekyong Yang SEOUL (Reuters) – When former Samsung executive Choi Jinseog won a contract with Taiwan’s Foxconn in 2018, he tapped his former employer’s supplier network …

By Hyunjoo Jin and Trevor Hunnicutt (Reuters) -Tesla’s electric-vehicle charging technology is being put on a fast track to become a North American standard, giving a further boost to the …

By Nivedita Balu and Fergal Smith TORONTO (Reuters) – Canada’s record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over …

By Jonathan Stempel (Reuters) -A U.S. judge has rejected Apple’s bid to throw out a class-action lawsuit that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand …

By Gabriel Araujo SAO PAULO (Reuters) -Investors were left disappointed by weaker-than-expected order numbers for Brazil’s Embraer at the world’s largest airshow last week, though some analysts were heartened by …

By Alexandra Ulmer and Marianna Parraga (Reuters) – A Russian oil firm is asking Venezuela’s state-run company PDVSA for permission to take control of exports from their joint ventures to …

By Lisa Pauline Mattackal and Medha Singh (Reuters) -What would Satoshi make of it all? Bitcoin, the currency created to subvert the financial establishment, has shaken off weeks of sickness …

By Tommy Wilkes LONDON (Reuters) – U.S. asset managers factor greenhouse gas emissions and other climate risks into their debt investment decisions as much as peers in Europe, according to …

(Reuters) -Thomson Reuters said on Monday it had agreed to acquire Casetext, a legal startup with an artificial intelligence-powered assistant for law professionals, in a $650 million all-cash deal. Thomson …

By Shankar Ramakrishnan NEW YORK (Reuters) -A type of derivative trade that became popular with companies over the past year to save on interest costs is seeing demand slow, with …

SAO PAULO (Reuters) – The chief executives of Brazil’s largest private lenders, Itau and Bradesco, defended on Tuesday the government’s planned tax reform, emphasizing that the country is facing a …

By Maki Shiraki and Daniel Leussink TOKYO (Reuters) -Nissan shareholders re-elected its chief executive and other board nominees on Tuesday at an annual meeting that came days after revelations of …

(Reuters) – Faraday Future Intelligent Electric has received $90 million in funding commitment from its existing investors, the electric-vehicle startup said on Tuesday, sending its shares up about 5%. The …

By Jane Lanhee Lee San Francisco (Reuters) – MLCommons, a group that develops benchmark tests for artificial intelligence (AI) technology, on Tuesday unveiled results for a new test that determines …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years amid renewed labor market optimism, while business spending appeared to …

(Reuters) – Swedish carmaker Volvo Cars said on Tuesday it had signed an agreement with Tesla to give its electric vehicles (EVs) access to the EV maker’s Supercharger network in …

By Dietrich Knauth (Reuters) – Johnson & Johnson’s proposed $8.9 billion settlement of thousands of lawsuits alleging that its talc products cause cancer faces a crucial hurdle this week as …

By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate came in at 3.4% in May, its slowest pace in two years, data showed on Tuesday, weakening the …

By Dawn Chmielewski, Danielle Broadway and Sachin Ravikumar LOS ANGELES/GLASTONBURY, England (Reuters) – Call it Beyflation. Or maybe Swiftflation. The cost of certain goods is retreating in some places, but …

By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) – LVMH chairman and CEO Bernard Arnault has touched down in China, kicking off a flurry of interest on social media in …

By Jarrett Renshaw (Reuters) -Washington state plans to require electric vehicle charging companies to include Tesla’s plug if they want to be part of a state program to electrify highways …

(Reuters) – More players in Canada’s grocery sector are crucial to combat soaring prices of essential goods amid persistent inflation, the country’s competition watchdog said in a report on Tuesday. …

By Amruta Khandekar and Siddarth S (Reuters) -European shares rose on Tuesday supported by financials and luxury stocks as investors bet on further policy stimulus from China, while hawkish comments …

By James Davey and Sarah Young LONDON (Reuters) -British supermarket executives rejected allegations they were profiteering through a cost of living crisis on Tuesday, telling lawmakers they had taken a …

By Gabriel Araujo SAO PAULO (Reuters) -Annual inflation in Brazil slowed further in early June, hitting its lowest in nearly three years as the central bank signaled it may start …