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Volvo's Q2 EBIT beats estimates, but cuts full-year forecast citing tariffs

Volvo Cars produced 211,900 cars in the second quarter, more than they sold, as demand for electric cars in Europe has dropped.

'Hit by client exits PwC asks China partners to take pay cut up to 50%'

Chinese authorities have been probing PwC's role in auditing China Evergrande Group after the securities regulator accused the troubled property developer in March of a $78-billion fraud

Renault's first-half sales rises on strong demand for hybrids in Europe

The company sold 1,154,700 vehicles globally compared to 1,133,478 units last year, with almost three-quarters of that volume going to Europe

UK wage growth slows but remains high for Bank of England to curb inflation

The Office for National Statistics also said on Thursday it was delaying the switch to a new version of its Labour Force Survey which had been due to take place in September

Truckmaker Volvo beats profit expectations but says demand is easing

Volvo said profit margins were squeezed by lower sales volumes and increased investment in research and development

Govt plans to ease rice export curbs as stocks surge to record level

New Delhi is expected to lower the basmati rice's minimum export price (MEP) to $800-$850 a metric ton, down from $950 a ton, to boost shipments

TSMC set to report a strong profit but Trump's comments pummel its stock

While TSMC's stock - and the broader Taiwan market - has reached record highs, it began slumping after Trump's comment that "Taiwan took 100% of our chip business"

New car sales in EU increase by 4.3% in June, says industry body Acea

Top European carmakers are betting on car sales to pick up over the year, despite cooling electric vehicle (EV) demand after several years of strong growth

Chinese EV giant BYD sets sights on aggressive expansion in Vietnam

Vietnam's government said last year BYD had decided to build a factory to manufacture electric cars in the north of the country but those plans have slowed

Govt bond yields flat before debt sale; budget remains a key driver

The benchmark 10-year yield was at 6.9649 per cent as of 10:00 a.m. IST after closing at 6.9632 per cent in the previous session

How 'islands of energy' could help Israel build wartime resilience

Israel's energy transition plan has been in the works for years but took on greater urgency when war broke out on several fronts

Trump's running mate JD Vance pledges to fight for 'forgotten' workers

His speech embraced many of Trumpism's core tenets, promising to prioritise domestic manufacturing over Chinese imports

Asian chip stocks tumble on fear of US mulling tighter curbs on tech export

Among the worst hit were shares of Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, which has shed roughly $61.35 billion in market value over two days

Boeing's Washington factory workers pass strike sanction vote, says union

Boeing's labor talks come as the US planemaker loses ground to rival Airbus and navigates a crisis that erupted after a door plug blew off an Alaska Airlines 737 MAX jet

United Airlines forecast low profits; announces plans to cut capacity

United expects an adjusted profit in the range of $2.75 to $3.25 per share in the quarter ending September 30

President Biden tests positive for Covid-19, has mild symptoms: White House

White House press secretary Karine Jean-Pierre announced the positive test for the 81-year-old Democrat after Biden cancelled a speech due to the diagnosis

China's industrial support programmes lack transparency, says WTO

China undergoes first WTO review since 2021

Gold extends record rally on US Fed interest rate-cut bets, softer dollar

Spot gold eased about 0.2% to $2,462.85 per ounce as of 1548 GMT, driven by profit-taking, after the bullion hit a high of $2,482.29 earlier in the session

EU court criticises Commission over handling of Covid vaccine contracts

The Commission signed deals with COVID vaccine supplies AstraZeneca, Sanofi, GSK, Johnson & Johnson, BioNTech, Pfizer, Moderna and others at the height of the pandemic

Citi to boost investment banking headcount in India betting on M&A surge

The momentum is expected to continue with South Korean carmaker Hyundai Motor's India unit eyeing a $3-billion IPO