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Category: Business

China’s GAC starts auto sales in Brazil, eyes local plant by late 2026
Business

China’s GAC starts auto sales in Brazil, eyes local plant by late 2026

By Alberto Alerigi SAO PAULO (Reuters) -Chinese automaker GAC announced on Friday its product launch in Brazil, saying it expects…

May 25, 2025
Musk says he’ll resume working ’24/7′ at his companies, X outage mostly restored
Business

Musk says he’ll resume working ’24/7′ at his companies, X outage mostly restored

(Reuters) – Elon Musk’s social media platform X was largely restored for most users after an outage that impacted tens…

May 25, 2025
EU awaits clarity on Trump’s 50% tariff threat
Business

EU awaits clarity on Trump’s 50% tariff threat

By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission sought clarity from the United States after U.S. President Donald Trump recommended…

May 23, 2025
Adtech platform MNTN valued at $1.6 billion in another sign of IPO markets comeback
Business

Adtech platform MNTN valued at $1.6 billion in another sign of IPO markets comeback

By Ateev Bhandari and Niket Nishant (Reuters) -MNTN, an advertising platform for internet-connected TVs which has actor Ryan Reynolds as…

May 22, 2025
Nestle’s Nescafe to invest additional $89 million in Brazil business
Business

Nestle’s Nescafe to invest additional $89 million in Brazil business

SAO PAULO (Reuters) – Nestle’s Nescafe plans to invest an additional 500 million reais ($88.7 million) in Brazil by 2028,…

May 22, 2025
Walmart plans job cuts in restructuring push to simplify operations
Business

Walmart plans job cuts in restructuring push to simplify operations

(Reuters) -U.S. retail bellwether Walmart is planning to cut about 1,500 jobs as part of a restructuring push to simplify…

May 21, 2025
AT&T agrees to buy Lumen’s consumer fiber business for $5.75 billion
Business

AT&T agrees to buy Lumen’s consumer fiber business for $5.75 billion

By Milana Vinn (Reuters) -AT&T has clinched a deal to acquire Lumen Technologies’ consumer fiber operations for $5.75 billion in…

May 21, 2025
Nike set to raise prices next week, plans to sell on Amazon again
Business

Nike set to raise prices next week, plans to sell on Amazon again

(Reuters) -Nike is planning to raise prices of some products from next week and will sell items on Amazon after…

May 21, 2025
Microsoft to offer rival AI models from own data center; launches AI coding agent
Business

Microsoft to offer rival AI models from own data center; launches AI coding agent

By Stephen Nellis SEATTLE (Reuters) -Microsoft said on Monday it would offer new AI models made by Elon Musk’s xAI,…

May 20, 2025
Kraft Heinz looking at M&A opportunities; Berkshire Hathaway leaves board
Business

Kraft Heinz looking at M&A opportunities; Berkshire Hathaway leaves board

(Reuters) -Kraft Heinz said it was looking at strategic transactions as demand for its pricey snacks and ready-to-eat meals weakens…

May 20, 2025

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