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Tesla’s quarterly results: what are investors and fans looking for?

By Akash Sriram and Abhirup Roy (Reuters) -Tesla is likely to post its biggest drop in quarterly revenue in more than a decade on Wednesday, as the EV maker grapples with issues including increased competition, a lack of new models and consumer backlash against CEO ...
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Intel’s chip contracting plan in spotlight on earnings day

By Arsheeya Bajwa (Reuters) -Faced with slumping quarterly sales and a burgeoning loss, Intel shareholders will want to know new CEO Lip Bu-Tan’s plans for the chipmaker’s nascent contract manufacturing business.  Intel is set to report its sixth consecutive net loss on Thursday, while revenue is ...
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Green hydrogen retreat poses threat to emissions targets

By Pietro Lombardi, Nina Chestney and Riham Alkousaa MADRID/LONDON/BERLIN (Reuters) -Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels. The challenges facing the sector have exposed its initial ambitions as unrealistic. Hard-to-electrify ...
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Factbox-Cancelled and postponed green hydrogen projects

MADRID (Reuters) -Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable. Here are some projects that have been cancelled, postponed or scaled back. EUROPE ** Energy company LEAG’s ...
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Taiwan says trade delegation in Washington for talks on potential tariff and trade deal

TAIPEI (Reuters) -Taiwan’s government said on Wednesday that a trade delegation led by the vice premier was in Washington, D.C., for a new round of in-person negotiations with U.S. officials this week. U.S. President Donald Trump has proposed imposing tariffs of as much as 32% ...
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Big Alcohol prepares to fight back as buzzy cannabis drinks steal sales

By Jessica DiNapoli and Emma Rumney NEW YORK (Reuters) -Top alcohol makers have been sitting on the sidelines of a cannabis beverage boom, watching brands in the fast-growing category like Cann and Wynk make deals with beer and booze distributors, and gain valuable space on ...
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Flurry of trade deals offers relief for some Asian countries, while others wait

BANGKOK (AP) — U.S. President Donald Trump has announced trade deals with Japan and a handful of other Asian countries that will relieve some pressure on companies and consumers from sharply higher tariffs on their exports to the United States. A deal with China is ...
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China’s yuan undervaluation fuels euro zone trade deficit, German study shows

By Reinhard Becker and Sarah Marsh BERLIN (Reuters) -European companies are facing increasing pressure due to China’s alleged currency manipulation to keep its yuan weak, a study by the German Economic Institute showed, as EU leaders prepared for a summit in Beijing aimed at navigating ...
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Stellantis to recall over 120,000 US vehicles due to head restraints issue, NHTSA says

(Reuters) -Chrysler parent Stellantis is recalling 121,398 vehicles in the U.S. due to head restraints that may not lock properly and an increased risk of injury to the seat occupant during a crash, the U.S. National Highway Traffic Safety Administration said on Wednesday.(Reporting ...
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Japan says forex not included in trade deal with US, Kyodo reports

TOKYO (Reuters) -Japanese Finance Minister Katsunobu Kato said the bilateral trade deal with the United States did not include reference to foreign exchange rates, Kyodo news agency reported on Wednesday. Kato made the remarks to reporters at Japan’s Ministry of Finance, according to Kyodo. President Donald ...
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European auto shares rise after US-Japan trade deal

(Reuters) -Shares in several European carmakers rose in early trade on Wednesday, tracking a steep rally in some of their Asian rivals, after Tokyo struck a trade deal with the United States, fuelling optimism for a similar agreement with Europe. Shares in Japanese and South ...
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SAP shares seen lower after second-quarter results

BERLIN (Reuters) -Shares in German software maker SAP were seen opening 1.6% lower on Wednesday after the company reported a second quarter boosted by strong cloud demand and cost cuts but held off on increasing full-year targets. SAP reported an 83% year-on-year jump in its ...
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