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Chips drive highest Samsung Q2 profit since 2018, but demand cooling

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s Samsung Electronics (OTC:SSNLF) Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of.

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China’s Xiaomi produces first smartphones in Vietnam

HANOI (Reuters) – China’s Xiaomi (OTC:XIACF) Corp has produced its first batch of smartphones in Vietnam, the company said on Thursday, as it seeks to expand its foothold in Southeast.

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Tesla plays ‘whack-a-mole’ with snags as deliveries fall for first time in two years

By Eva Mathews (Reuters) – Tesla (NASDAQ:TSLA) Inc faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday,.

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Yum Brands close to selling KFC business in Russia

(Reuters) -Yum Brands Inc said on Tuesday it was in advanced talks to sell its KFC restaurants and franchise rights in Russia to a local buyer, after which it plans.

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Ferrari Stock Pops After Jefferies Upgrade to Hold

By Senad Karaahmetovic Shares of Ferrari (NYSE:RACE) are trading nearly 1% higher today after Jefferies analyst Philippe Houchois upgraded to ‘Hold’ from ‘Underperform’. The analyst also raised the price target on Milan-listed.

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Euro slides to two-decade low, equities sink as recession fears intensify

By Sinéad Carew (Reuters) – Wall Street’s major stock indexes followed European stocks lower on Monday, and the euro sank to its weakest level against the dollar since late 2002,.

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CureVac files patent lawsuit in Germany against BioNTech over mRNA technology

By Patricia Weiss BERLIN (Reuters) -CureVac has filed a patent lawsuit in Germany against BioNTech over its use of mRNA technology, marking one of the first known cases of a.

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Wall Street boosts Exxon forecasts as refining margins soar

By Sabrina Valle HOUSTON (Reuters) -Wall Street analysts sharply increased their Exxon Mobil Corp (NYSE:XOM) second-quarter profit estimates after a securities filing showed motor fuel sales rose $5 billion from the first.

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Russian minister says ‘parallel imports’ scheme is working

MOSCOW (Reuters) – A parallel import mechanism that allows Russia to circumvent some supply restrictions is working, news agencies cited Industry and Trade Minister Denis Manturov as saying on Monday,.

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EasyJet’s chief operating officer resigns after flight cancellations

LONDON (Reuters) -EasyJet’s chief operating officer (COO) has stepped down after the airline cancelled thousands of flights this summer to try to limit the disruption caused to passengers from staff.

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