Business

BMW appoints new HR chief as it moves ahead with cost-cutting drive

Thursday, July 16 by SRN News

BERLIN, July 16 (Reuters) - BMW has appointed Dorothea von Boxberg as its new board member for human resources, the German carmaker said in a statement on Thursday, outlining her experience in "transformation processes" at a challenging time. The executive board change, which was approved... Read More.

Shein IPO faces lower valuation as e-commerce crackdown starts to bite

Thursday, July 16 by SRN News

By Helen Reid and Summer Zhen LONDON/HONG KONG, July 16 (Reuters) - Shein's ambitions for a valuation of up to $50 billion in its long-awaited Hong Kong IPO are likely to face a tough test from investors, as new fees on e-commerce parcels in Europe... Read More.

Wall St futures pause after two-day rally as investors await data, earnings

Thursday, July 16 by SRN News

July 16 (Reuters) - U.S. stock index futures were subdued on Thursday as investors paused after a two-day rally, while chip stocks remained under pressure ahead of fresh economic reports and another batch of quarterly results. Chip stocks extended declines from the previous session when... Read More.

Seven & i near deal to invest in Poland’s Zabka, Nikkei says

Thursday, July 16 by SRN News

TOKYO, July 16 (Reuters) - Japanese retail giant Seven & i Holdings is in the final stages of talks to take a stake in Polish convenience store operator Zabka Group, the Nikkei business daily reported on Thursday. Seven & i is considering acquiring Zabka shares... Read More.

Vertical Aerospace taps Near Earth for autonomous aircraft tech

Thursday, July 16 by SRN News

July 16 (Reuters) - Vertical Aerospace said on Thursday it will partner with Near Earth Autonomy to equip its Valo aircraft with autonomous flight capability, as the British electric aviation company expands into uncrewed defense and commercial operations. The companies said Near Earth's autonomous flight... Read More.

Meta Oversight Board finds top AI models less likely to criticize repressive regimes

Thursday, July 16 by SRN News

July 16 (Reuters) - AI models from leading labs including Anthropic and OpenAI are much less likely to criticize governments known for restricting free speech, Meta's Oversight Board said on Thursday. A study, the first on large language models by the body, showed AI services... Read More.

Protesters rally in Kyiv as Zelenskyy moves to oust Ukraine’s defense minister

Thursday, July 16 by SRN News

KYIV, Ukraine (AP) - Protesters gathered in downtown Kyiv on Thursday after Ukrainian President Volodymyr Zelenskyy moved to dismiss his defense minister, as parliament convened to appoint a new prime minister as part of a major government reshuffle. The shake-up could become a test of... Read More.

Wall St banks’ Q2 saw deal fees, trading windfall boost profit

Thursday, July 16 by SRN News

By Manya Saini July 16 (Reuters) - Wall Street's biggest banks found few reasons to complain this earnings season. Investment bankers were busier than they have been in years, trading desks thrived on volatility and resilient consumers kept lending businesses humming. Here are the key trends... Read More.

Australia to boost scrutiny of Big Four accounting firms after wave of scandals

Thursday, July 16 by SRN News

By Christine Chen SYDNEY, July 16 (Reuters) - Australia on Thursday announced plans to increase its oversight of the Big Four accounting firms after a series of high-profile governance failures in the industry, most recently by KPMG whose staff have been accused of misusing confidential... Read More.

Sodexo bets on North America to drive growth recovery

Thursday, July 16 by SRN News

(This story has been refiled to change the picture with no changes to the text) By Lucie Barbier and Dimitri Rhodes July 16 (Reuters) - French food caterer Sodexo said on Thursday it expects faster revenue growth from 2027 as it seeks to revive performance... Read More.

Current Weather

BMW appoints new HR chief as it moves ahead with cost-cutting drive

Shein IPO faces lower valuation as e-commerce crackdown starts to bite

Wall St futures pause after two-day rally as investors await data, earnings

Seven & i near deal to invest in Poland’s Zabka, Nikkei says

Vertical Aerospace taps Near Earth for autonomous aircraft tech

Meta Oversight Board finds top AI models less likely to criticize repressive regimes

Protesters rally in Kyiv as Zelenskyy moves to oust Ukraine’s defense minister

Wall St banks’ Q2 saw deal fees, trading windfall boost profit

Australia to boost scrutiny of Big Four accounting firms after wave of scandals

Sodexo bets on North America to drive growth recovery

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