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A tourist shelters from the rain under an Union Jack umbrella near the Bank of England in the City of London financial district in London, Britain, February 13, 2024.

Timing of first BoE rate cut splits economists between June and Q3 - Reuters poll

Shaloo Shrivastava |Updated 1 hour ago |3 min read

By Shaloo Shrivastava BENGALURU (Reuters) - The Bank of England will wait until next quarter to lower borrowing costs, according to median forecasts in a Reuters poll, although almost half of those surveyed said the central bank would cut ...

The company logo is pictured on a Tesla Model X electric car in Berlin, Germany, November 13, 2019.

Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo

Reuters |Updated 1 hour ago |3 min read

SAN FRANCISCO (Reuters) - Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term. The ...

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016.

Dollar shaky after euro rebound; yen mired at 34-year low

Kevin Buckland |Updated 5 minutes ago |3 min read

By Kevin Buckland TOKYO (Reuters) - The dollar nursed its wounds on Wednesday following big tumbles against the euro and sterling, hurt by a combination of surprisingly robust European activity data and cooling U.S. business growth. However the ...

Lee Han Sun, head of LG Energy Solution intellectual property center, speaks during an interview with Reuters at the company headquarters in Seoul, South Korea, April 23, 2024.

LG Energy Solution to license out battery patents to block tech infringement, exec says

Heekyong Yang |Updated 1 hour ago |2 min read

By Heekyong Yang SEOUL (Reuters) - LG Energy Solution said on Wednesday it would launch a new business model of licensing out its battery technologies next month, as infringements of the South Korean company's patents surge with competition to ...

A Tesla Model 3 sedan, its first car aimed at the mass market, is displayed during its launch in Hawthorne, California, March 31, 2016.

Tesla prices Model 3 performance version at $46,364 in China, to deliver from Q3

Reuters |Updated 1 hour ago |1 min read

BEIJING (Reuters) - Tesla Inc has priced its latest Model 3 performance version vehicle at 335,900 yuan ($46,364.29) in China. The automaker will start delivery of the vehicle from the third quarter this year, according to a notice. ($1 = 7.2448 ...

A humanoid robot developed by Tesla, known as Tesla Bot or Optimus. Tesla/Handout

Tesla could start selling Optimus robots by the end of next year, Musk says

Akash Sriram |Updated 2 hours ago |2 min read

By Akash Sriram (Reuters) - Tesla's humanoid robot is still in the lab, but it may be ready to sell as soon as the end of next year, chief executive Elon Musk said on Tuesday. Several companies have been betting on humanoid robots to meet ...

Pedestrians are reflected on a curved mirror next to Japan’s national flag in a shopping district in Tokyo, Japan March 19, 2024.

Japan's corporate service inflation perks up in March

Reuters |Updated 2 hours ago |1 min read

TOKYO (Reuters) - Japan's annual business-to-business service inflation accelerated for the second month to hit 2.3% in March, data showed on Wednesday, suggesting firms continued to pass on rising labour costs thanks to prospects for sustained ...

Commuters walk during the morning rush hour near the Bank of England in the City of London financial district in London, Britain, February 8, 2024.

UK pay settlements edge lower in first quarter, industry survey shows

Reuters |Updated 3 hours ago |2 min read

LONDON (Reuters) - British employers reached slightly lower pay settlements with staff in the three months to the end of March, although early figures for April suggest they picked up again, an industry survey showed on Wednesday. Median basic ...

X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023.

Musk's X Corp appeals dismissal of lawsuit against anti-hate group

Reuters |Updated 3 hours ago |1 min read

(Reuters) - Elon Musk's X appealed the dismissal of its lawsuit against the nonprofit Center for Countering Digital Hate, which faulted him for letting hate speech spread on the social media platform once known as Twitter. X filed a notice of ...

A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021.

Lynas Rare Earths' revenue slumps, misses expectations

Reuters |Updated 1 hour ago |2 min read

MELBOURNE (Reuters) -Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the back of a plunge in prices for rare earths, while it flagged higher costs at a project in Western Australia.

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