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Japan’s Q2 GDP revised higher to annualised 2.2% expansion

TOKYO (Reuters) -Japan’s economy expanded an annualised 2.2% in the April-June period from the previous quarter, much faster than the preliminary reading, revised government data showed on Monday. The revised figure for gross domestic product (GDP) released by the ...
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Exclusive-ASML becomes Mistral AI’s top shareholder after leading latest funding round, sources say

By Milana Vinn and Max A. Cherney NEW YORK -ASML, a crucial supplier of advanced chipmaking equipment, is set to become the top shareholder of French artificial intelligence startup Mistral AI in a move to strengthen European tech sovereignty, people familiar with the matter told ...
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Chinese battery maker CATL expects Hungarian production to start by early 2026

MUNICH (Reuters) -Chinese battery maker CATL’s new plant in Hungary is expected to start production by early next year, its general manager for Europe said on Sunday, as the company looks to the region for growth. CATL invested 7.3 billion euros ($8.55 billion) in the ...
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The Media Line: Israel Maintains Backing for €1.9 Billion Energy Link to Europe 

Israel Maintains Backing for €1.9 Billion Energy Link to Europe  By The Media Line Staff  Israel reaffirmed on Friday that it is fully committed to the €1.9 billion EuroAsia Interconnector, a planned undersea cable linking its electricity grid with Europe, after Cyprus raised concerns about the ...
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Hyundai’s eVTOL startup Supernal pauses work following executive departures, TechCrunch reports

(Reuters) – Hyundai’s electric air taxi startup Supernal has paused work on its aircraft program after recent staff cuts and the departure of its CEO and chief technology officer, TechCrunch reported on Sunday, citing two people familiar with the matter. Supernal ...
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Mercedes keeps ‘value over volume’ approach in tough Chinese market

By Christoph Steitz and Christine Uyanik MUNICH (Reuters) -German luxury automaker Mercedes-Benz is sticking with its premium strategy in its main market China, where a brutal pricing war has cost the group market share as local customers increasingly switch to cheaper domestic models. CEO Ola Kaellenius, ...
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High stakes for high fashion: brands bet on luxury revival on the catwalk

PARIS (Reuters) -Chanel and Dior are among a record number of top fashion brands that will introduce new designers’ collections on the catwalk in the coming weeks, aiming to reignite shoppers’ interest in a bruised luxury industry that lost one of its greats, Giorgio ...
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EU carmakers close in on emission goals, but Mercedes lags, says report

BRUSSELS (Reuters) -All European carmakers except Mercedes-Benz are on track to meet the European Union’s 2025-2027 carbon emission targets thanks to an expected surge in sales of new electric vehicles, according to a report published on Monday. Research and campaign group Transport & Environment forecast ...
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Oil prices rise as OPEC+ agrees to raise output at slower pace from October

By Yuka Obayashi TOKYO (Reuters) -Oil prices rose on Monday in early trade, paring last week’s losses, after OPEC+ agreed over the weekend to raise output further but at a slower pace from October due to an anticipated weakening of global demand. Brent crude gained ...
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‘The Penguin’ snags top Creative Arts Emmy awards for technical performance

LOS ANGELES (AP) — “The Penguin” made a splash during Saturday’s Creative Arts Emmy Awards, taking home eight awards for the “Batman” spin-off’s craft and technical work. The show, which is up for outstanding limited or anthology series at next weekend’s main Primetime Emmy ...
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Undersea cables cut in the Red Sea, disrupting internet access in Asia and the Mideast

DUBAI, United Arab Emirates (AP) — Undersea cable cuts in the Red Sea disrupted internet access in parts of Asia and the Middle East, experts said Sunday, though it wasn’t immediately clear what caused the incident. There has been concern about the cables being ...
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OPEC+ set to raise oil output further from October, sources say

By Olesya Astakhova, Dmitry Zhdannikov and Ahmed Rasheed LONDON/MOSCOW/BAGHDAD (Reuters) -OPEC+ is set to agree to further raise oil output on Sunday, while probably slowing the pace of increases from October compared with recent months because of weakening global demand, four OPEC+ sources said. OPEC+, which ...
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