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A staff member cleans a display showing the locations of battery maker CATL's production bases, at the CATL booth during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023.

Chinese EV battery maker CATL unveils LFP battery with 1,000 km range

Reuters |Updated 4 minutes ago |1 min read

BEIJING (Reuters) - Chinese electric vehicle (EV) battery maker CATL on Thursday unveiled a lithium iron phosphate (LFP) battery with a driving range of more than 1,000 kilometres (621 miles) on a single charge. The Shenxing Plus is the world's ...

South African Rand coins are seen in this illustration picture taken October 28, 2020.

South African rand little changed before producer inflation data

Reuters |Updated 5 minutes ago |1 min read

JOHANNESBURG (Reuters) - The South African rand was little changed in early trade on Thursday, as traders looked ahead to the release of domestic producer inflation figures. At 0615 GMT, the rand traded at 19.1950 against the dollar, not far from ...

SaltWire

China's version of Neuralink unveiled at tech forum

Reuters |Updated 6 minutes ago |1 min read

BEIJING (Reuters) - A Chinese state-backed company on Thursday unveiled a brain chip similar to the technology developed by Elon Musk's startup Neuralink. The company, Beijing Xinzhida Neurotechnology, developed a brain-computer interface (BCI) ...

People walk behind a Meta Platforms logo during a conference in Mumbai, India, September 20, 2023.

Meta shares plunge 16% in Frankfurt after AI spending, revenue forecast

Reuters |Updated 24 minutes ago |1 min read

LONDON (Reuters) - Meta Platforms shares plunged 16% early in Frankfurt on Thursday after forecasts of higher expenses and lighter revenue than expected disappointed investors. Shares in the Facebook parent were down 15.9% by 0614 GMT. Meta ...

SaltWire

Japan brokerage Daiwa's Q4 profit more than doubles

Reuters |Updated 5 minutes ago |1 min read

TOKYO (Reuters) - Daiwa Securities Group, Japan's second largest brokerage and investment bank, reported on Thursday a jump of 131% in quarterly net profit from a year earlier, as its wholesale and asset management segments posted record profits.

People walk on a shopping street in the southern German town of Konstanz January 17, 2015.

Pulled real estate deals highest in Europe since global financial crisis, says MSCI

Iain Withers |Updated 25 minutes ago |2 min read

By Iain Withers LONDON (Reuters) - Real estate deals in Europe fell through in their highest numbers since the global financial crisis in the first quarter of 2024, data firm MSCI Real Assets said on Thursday, as economic uncertainty in the ...

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023.

LSEG reports first quarter growth in line with plans

Reuters |Updated 26 minutes ago |1 min read

LONDON (Reuters) - The London Stock Exchange Group said on Thursday its first quarter growth was in line with plans, and products from its partnership with Microsoft were due to be rolled out in the first half of 2024. LSEG said total income, ...

A view of plastic sachets of Unilever's Sunlight and Surf Excel laundry detergent at a shop in Colombo, Sri Lanka, June 1, 2022. Picture taken June 1, 2022.

Unilever beats quarterly sales growth expectations

Reuters |Updated 4 minutes ago |1 min read

(Reuters) - Unilever's underlying first-quarter sales grew by a better than expected 4.4%, it said in a trading update on Thursday, as one of the world's biggest consumer goods companies won back consumers who had traded down to cheaper products.

Branding signage for WPP, the largest global advertising and public relations agency at their offices in London, Britain, July 17, 2019.

Ad group WPP reports 1.6% drop in first-quarter organic growth

Reuters |Updated 3 minutes ago |1 min read

LONDON (Reuters) - British ad group WPP reported a 1.6% drop in organic growth in the first quarter, lagging its major rivals, after it was hit by loss of business from a healthcare client and reduced spending by technology companies. WPP, which ...

A model presents creations by designer Veronique Nichanian as part of her Menswear ready-to-wear Spring/Summer 2024 collection show for fashion house Hermes during Men's Fashion Week in Paris, France, June 24, 2023.

Hermes Q1 sales jump 17% on growth across regions

Reuters |Updated 3 minutes ago |1 min read

PARIS (Reuters) - Birkin bag maker Hermes reported a 17% surge in first quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter and underlining strong demand for high end luxury. Sales for the first three months ending ...

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