By Marissa Davison LONDON, Oct 23 (Reuters) – US-based Lyft unit Freenow and Baidu’s Apollo Go unveiled the Chinese company’s RT6 autonomous vehicle in London on Thursday and said they hope to launch a driverless robotaxi service in the city in 2027. The two companies began testing vehicles in Londo
Oct 23 (Reuters) – SLB beat Wall Street estimates for third-quarter profit on Friday, supported by strong North American oilfield activity, while signaling recovery in parts of the Middle East following conflict-related disruptions. Repeated flare-ups in the US-Iran conflict, now in its eighth month
Oct 23 (Reuters) – US equity funds attracted inflows for a second consecutive week in the seven days to October 21, as easing Treasury yields and strong corporate earnings so far bolstered investor appetite, although caution over the artificial intelligence trade capped weekly net purchases. US equi
DUBLIN, Oct 23 (Reuters) – The European Union should strike deals with Beijing to curb imports in sectors such as chemicals, machinery and pharmaceuticals, EU ministers said on Friday, as the bloc faces an ‘unsustainable’ and damaging goods trade deficit with China. European Trade Commissioner Maros
By Manya Saini Oct 23 (Reuters) – American Express raised its 2026 profit forecast above Wall Street expectations on Friday after reporting strong third-quarter results and announced plans to eliminate 5% of its global workforce as part of a restructuring. Airlines worldwide have raised ticket price
By Tharuniyaa Lakshmi and Ragini Mathur Oct 23 (Reuters) – Wall Street futures ticked lower on Friday as caution prevailed after a sharp selloff in AI-linked stocks over concerns about the sector’s massive funding requirements, while telecom shares slid on fears of increased competition from SpaceX.
By Mike Scarcella WASHINGTON, Oct 23 (Reuters) – Private plaintiffs’ lawyers stand to collect up to $1.27 billion from New Mexico if the state’s $25 billion court win against Meta Platforms this week is upheld, according to a Reuters review of a contract with the state. New Mexico hired Chicago-base
By Raphael Satter and AJ Vicens WASHINGTON, Oct 23 (Reuters) – Advances in artificial intelligence have uncovered a stream of new software vulnerabilities that are almost certain to trigger more disruption along the lines of the outages that percolated across global government websites this week, ac
By Luciana Magalhaes SAO PAULO, Oct 23 (Reuters) – Chinese electric carmaker BYD is seeking permits to double annual production capacity at its Brazilian plant to 600,000 vehicles, as it nears completion of its stamping, welding, and paint facilities, its top executive in Brazil said. BYD’s Brazil u
By Rajesh Kumar Singh CHICAGO, Oct 23 (Reuters) – US airlines are increasingly willing to fly with empty seats rather than slash fares simply to fill them, betting that disciplined pricing and flight schedules will help protect profits at a time of soaring fuel costs. The strategy has delivered subs
By Joel Jose Oct 23 (Reuters) – The combined China-India-Brazil market for weight-loss drugs could grow to $22 billion by 2035 from $6.6 billion currently, J.P. Morgan estimated, as improving affordability and broader access drive adoption in largely untapped patient populations. The addressable mar
By Summer Zhen and Anirban Sen HONG KONG, New York Oct 23 (Reuters) – Global hedge funds were hit by a fresh tech reckoning this week, with major strategies posting their worst day since the COVID-era market rout. A renewed selloff in big tech stocks, driven by growing skepticism over the massive AI
By Christoph Steitz FRANKFURT, Oct 23 (Reuters) – Volkswagen workers on Friday threatened strikes from January unless Europe’s top automaker reverses a recent cancellation of wage deals by the end of next week. The dispute over planned cutbacks came to a head last month when Volkswagen terminated al
Oct 23 (Reuters) – Jaguar Land Rover will recall 93,997 vehicles in the United States as the rearview camera image may fail to appear on the display, the US National Highway Traffic Safety Administration (NHTSA) said on Friday. Here are some more details: • NHTSA said insufficient drain holes may tr
By Helen Reid LONDON, Oct 23 (Reuters) – Shares in Gucci owner Kering tumbled 12% on Friday after the group reported further sales declines, but said it would stick with CEO Luca de Meo’s turnaround plan and accelerate store closures, aiming for 125 by year-end. The recovery long promised by luxury
BEIJING, Oct 23 (Reuters) – Major Chinese AI developers DeepSeek and MiniMax have won state approval for global use of their AI models, according to a post on Thursday on a social media account affiliated with state broadcaster CCTV. • In a separate social media post on Friday, the social media acco
Oct 23 (Reuters) – A tanker carrying 40,000 metric tons of Russian diesel is heading towards New York, ship-tracking data showed on Friday, following an agreement reached this month between Moscow and US President Donald Trump. Trump announced the surprise deal to import Russian diesel as part of hi
WUHU, China, Oct 23 (Reuters) – Chery expects more than half of the vehicles it exports to be made overseas by the end of this year, with the share rising to 60% next year and 70% by 2030, Executive Vice President Zhang Guibing said on Friday at an event. Here are some more details: • Zhang said ove
By Aditya Kalra NEW DELHI, Oct 23 (Reuters) – Subscriptions for Indian billionaire Mukesh Ambani’s first IPO in two decades surged further on the final day of bidding on Friday, as investors bet on Jio Platforms’ $3.2 billion offering to tap into the nation’s telecom and digital sector. Jio’s IPO, I
By Marie Mannes STOCKHOLM, Oct 23 (Reuters) – Volvo Cars said on Friday it would cut a further 2,500 jobs, mostly in Sweden, after plunging to a much bigger-than-expected third-quarter operating loss, sending its shares down almost 30%. Majority-owned by China’s Geely Holding, Volvo has struggled wi
(Corrects to fix typographical error in paragraph 5) A look at the day ahead in European and global markets from Wayne Cole. It’s not every day you wake up to see the US long bond up 2 full points in price, but that’s what happened overnight. Ten-year yields dived 19 basis points in the biggest dail
Oct 22 (Reuters) – President Donald Trump said on Thursday that Canadian jet maker Bombardier was investing $270 million in the United States, days after he dropped threats to ban the company from the country. Trump’s September threats against Bombardier became a political issue in Kansas, where it
Oct 23 (Reuters) – Australia’s Whitehaven Coal beat market estimates for quarterly output on Friday, supported by robust production from its Queensland operations, and said it expected stronger cash generation through the remainder of the year. The coal miner reported managed run-of-mine (ROM) coal
By Stella Qiu SYDNEY, Oct 23 (Reuters) – Asian shares fell on Friday as concerns over the enormous funding needs of AI hammered tech and led to the biggest daily rally in Treasuries in more than three years, with investors fleeing to sovereign bonds and safe-haven currencies. Markets also sharply pa
Oct 23 (Reuters) – Oil prices rose on Friday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the Middle East. Brent crude futures climbed 58 cents, or 0.5%, to $113.75 a barrel as of 0439 GMT, while US West Texas Intermediate crude futures rose 66 c
SEOUL, Oct 23 (Reuters) – HD Hyundai Co said on Friday it has signed a deal with Kiewit Corp to start building an advanced US shipyard next year, with operations expected to begin in 2029 and create about 3,000 domestic jobs. The new shipyard is expected to boost US shipbuilding capacity and help re
TOKYO, Oct 23 (Reuters) – Japan’s manufacturing sector expanded at its slowest pace in seven months in October as output and new order growth eased, a business survey showed on Friday. • The flash S&P Global Japan Manufacturing Purchasing Managers’ Index (PMI) fell to 53.3 in October from 54.1 in Se
By Leika Kihara and Takahiko Wada TOKYO, Oct 23 (Reuters) – Japan’s core consumer inflation exceeded the central bank’s 2% target in September for the first time in nine months, data showed on Friday, a sign of broadening price pressure that cements the case for a near-term interest rate hike. The f
Oct 22 (Reuters) – SpaceX is in talks with cellular infrastructure companies to secure access to at least 80,000 sites across the United States, Bloomberg News reported on Thursday, citing people familiar with the matter. The agreements would potentially solidify the company’s path toward building a
MEXICO CITY, Oct 22 (Reuters) – Mexico’s Grupo Bimbo, among the world’s top distributors of baked goods, on Thursday raised the lower end of its adjusted EBITDA margin expansion guidance for the year. • The company raised the lower end of its adjusted EBITDA margin to 85 basis points from 70 basis p
