Business

Porsche, under pressure to cut costs, divests from iconic Italian sportscar maker Bugatti

Friday, April 24 by SRN News

DUBAI/FRANKFURT April 24 (Reuters) - Porsche has agreed to sell its stakes in sportscar makers Bugatti and Rimac to a consortium led by a U.S. fund co-founded by a scion of Egypt's billionaire Sawiris family, one of the co-investors said in a statement on... Read More.

Electrolux shares fall 24% as it swings to quarterly loss on US demand slump

Friday, April 24 by SRN News

By Greta Rosen Fondahn STOCKHOLM, April 24 (Reuters) - Shares of Electrolux fell by nearly a quarter on Friday after the appliance maker reported an unexpected first-quarter loss, hours after announcing a $1 billion rights issue and a North American tie-up with Chinese rival Midea. Electrolux,... Read More.

Explosion of invasive ‘janitor fish’ sparks mass removal operation in Indonesia’s capital

Friday, April 24 by SRN News

JAKARTA, Indonesia (AP) - Cheers broke out in Indonesia's capital on Friday as residents, city workers and environmental volunteers hauled bulging nets of invasive fish to the surface of a reservoir in an operation to crack down on "janitor fish." Authorities are seeking to remove... Read More.

Analysis: The US protected ships from Iran in the Strait of Hormuz in the ’80s. Could it again?

Friday, April 24 by SRN News

DUBAI, United Arab Emirates (AP) - Naval mines bobbing in the waters of the Persian Gulf, threatening oil tankers. Iranian speed boats raking ships with machine-gun fire in the Strait of Hormuz. And the United States right in the middle of the fight. This isn't... Read More.

China’s DeepSeek rolls out a long-anticipated update of its AI model

Friday, April 24 by SRN News

HONG KONG (AP) - DeepSeek, the Chinese artificial intelligence startup that shook world markets last year, launched preview versions of its latest major update Friday as the AI rivalry between China and the U.S. heats up. DeepSeek's V4 has been keenly anticipated by users keen... Read More.

Mitsubishi Motors recalls over 108,000 vehicles in the US over liftgate issue

Friday, April 24 by SRN News

April 24 (Reuters) - Mitsubishi Motors is recalling 108,046 vehicles in the U.S. as a ruptured gas spring cylinder or an unexpected falling liftgate could increase the risk of injury, the U.S. National Highway Traffic Safety Administration said on Friday. The recall affects some of... Read More.

Japan launches financial task force amid AI security fears

Friday, April 24 by SRN News

By Makiko Yamazaki TOKYO, April 24 (Reuters) - Japan will set up a task force to address cybersecurity risks in its financial system following concerns about potential vulnerabilities linked to Anthropic's Mythos AI model, Finance Minister Satsuki Katayama said on Friday. The decision was agreed at... Read More.

Nomura posts record annual profit, sees no prolonged impact from Iran war so far

Friday, April 24 by SRN News

By Anton Bridge TOKYO, April 24 (Reuters) - Nomura, Japan's largest investment bank and brokerage, on Friday reported a record annual profit for the second year in a row and said the U.S.-Israeli war on Iran has not disrupted structural growth factors in its home... Read More.

Car parts group Forvia’s sales dragged by weakness in China

Friday, April 24 by SRN News

April 24 (Reuters) - Forvia said on Friday that a sharp sales decline in China caused a 2.2% drop in the French car parts supplier's first-quarter revenue, excluding currency translation effects. Quarterly sales fell to 5.14 billion euros ($6.00 billion), driven by a 23.5% slump... Read More.

Exclusive-Stellantis to focus funding on core car brands as CEO drives turnaround, sources say

Friday, April 24 by SRN News

By Giulio Piovaccari, Nora Eckert and Gilles Guillaume MILAN, April 24 (Reuters) - Stellantis will focus the majority of its investment on its core Jeep, Ram, Peugeot and Fiat brands under CEO Antonio Filosa's strategic plan due to be announced in May, five sources said,... Read More.

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Current Weather

Porsche, under pressure to cut costs, divests from iconic Italian sportscar maker Bugatti

Electrolux shares fall 24% as it swings to quarterly loss on US demand slump

Explosion of invasive ‘janitor fish’ sparks mass removal operation in Indonesia’s capital

Analysis: The US protected ships from Iran in the Strait of Hormuz in the ’80s. Could it again?

China’s DeepSeek rolls out a long-anticipated update of its AI model

Mitsubishi Motors recalls over 108,000 vehicles in the US over liftgate issue

Japan launches financial task force amid AI security fears

Nomura posts record annual profit, sees no prolonged impact from Iran war so far

Exclusive-Stellantis to focus funding on core car brands as CEO drives turnaround, sources say

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