Month: January 2023

Reuters took readers on a deep dive into how German carrier Lufthansa said on Wednesday it had offered to buy a minority stake in ITA Airways, betting on reviving the loss-making successor to Italy’s Alitalia and expanding its footprint in Europe. Lufthansa said Italy is the most important market outside of its existing home markets […]

Reuters was first to report that Renault SA and China’s Geely Automobile Holdings are working to finalise a deal to bring Saudi Aramco in as an investor and partner to develop and supply gasoline engines and hybrid technologies.  The post Reuters reveals Renault, Geely look to bring Aramco into engine venture appeared first on Reuters […]

 Reuters exclusively reported that Shell PLC’s Canada export project team in British Columbia plans to start building its proposed second phase with natural gas-powered turbines and a switch to electricity as more renewable power becomes available. LNG Canada CEO Jason Klein told Reuters in an interview that lack of transmission infrastructure makes the whole electrification […]

Reuters shed light on how U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route approvals, fresh COVID-19 testing rules and not enough large aircrafts remain barriers to rising sales. The post Reuters reveals Airlines face hurdles to cashing in on China re-opening appeared first […]

Reuters exclusively revealed at least four Chinese-owned supertankers are shipping Russian Urals crude to China, as Moscow seeks vessels for exports after a G7 oil price cap restricted the use of Western cargo services and insurance.  The post Reuters reveals Russian oil shipped to Asia in Chinese supertankers amid ship shortage appeared first on Reuters […]

Reuters exclusively reported that Chinese authorities are set to allow Didi Global’s ride-hailing and other apps back on domestic app stores as soon as next week, in another signal that the country’s two-year regulatory crackdown on the technology sector is ending. Reuters reported the lifting of the new user ban and app resumption for its […]

Reuters exclusively reported Chinese electric vehicle maker BYD Auto Co plans to build a plant in Vietnam to produce car parts, in a move that would reduce the company’s reliance on China and deepen its supply chain in Southeast Asia as part of a global expansion. The post Reuters reveals Chinese EV maker BYD to […]

Reuters exclusively reported Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, plans to invest a substantial sum to build two factories in Vietnam.  The post Reuters reveals Apple supplier BOE plans new factories in Vietnam appeared first on Reuters News Agency.

Reuters took readers on a deep dive into how Premium brands BMW, Mercedes-Benz and Audi navigated last year’s automotive supply chain challenges better than the mass-market Volkswagen brand. Though the fourth quarter provided universal relief for the carmakers, China’s extensive lockdowns early in the year were particularly hard on sales volumes. The post Reuters reveals […]

Reuters shed light on how India’s nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pressure on the federal government to reduce the budget gap by cutting expenses ahead of national elections in 2024. The post Reuters reveals fall in India nominal GDP growth in FY24 to challenge fiscal math […]