Global minimum tax deal on multinationals set to fail, G7 chair says
By Giuseppe Fonte STRESA, Italy (Reuters) – An accord over a global minimum tax on multinationals will not be finalised…
Category: Business
EV maker Lucid to cut workforce by 6%
(Reuters) -Lucid Group said on Friday it would reduce its workforce by 6%, or around 400 employees, as the electric…
Tesla slashes Model Y production in Shanghai, data shows
SHANGHAI (Reuters) – Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at…
SpaceX mulling tender offer at $200 billion valuation, Bloomberg News reports
(Reuters) -Elon Musk’s SpaceX has initiated discussions about selling existing shares in a deal that could value the company at…
Analysis-Google acquiring HubSpot would bolster bid to challenge Microsoft
By Milana Vinn (Reuters) – Google parent Alphabet’s potential acquisition of HubSpot, a U.S. marketing software maker with a market…
Off-price retailer TJX posts upbeat Q1, lifts annual profit view on robust demand
By Anuja Bharat Mistry (Reuters) -TJ Maxx parent TJX Cos posted better-than-expected first-quarter results and raised its annual profit forecast…
Target issues weak forecast as shoppers pull back; shares tumble
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Target on Wednesday said it expects consumer caution to persist after it…
Sam Altman’s OpenAI signs content agreement with News Corp
(Reuters) -Sam Altman-led OpenAI has signed a deal that will give it access to content from some of the biggest…
Venture capital investment in crypto picks up after long decline
By Elizabeth Howcroft LONDON (Reuters) – Global venture capital investment in crypto companies rose to $2.4 billion in the first…
Slowing EV uptake may delay Panasonic’s EV battery expansion, CEO says
TOKYO (Reuters) – A slowdown in the take-up of electric vehicles in the U.S. may prompt Tesla-supplier Panasonic to delay…