Page 1100 - Reuters/workspace/business Standard Web/undefined

Tesla posts record profits, offers muddy outlook for batteries, Cybertruck

For the first time since late 2019, Tesla profits did not rely on sales of environmental credits to other automakers, a sign of increasing financial health for the manufacturing operation.

Gold stuck in narrow range as investors focus on US Fed's meeting this week

Spot gold was flat at $1,797.71 per ounce by 0324 GMT. US gold futures fell 0.1% to $1,797.70 per ounce.

Joe Biden, Kadhimi seal agreement to end US combat mission in Iraq

The agreement comes at a politically delicate time for the Iraqi government and could be a boost for Baghdad

China's industrial profit growth slows in June on high raw material prices

Industrial firms' profits rose 20% year-on-year in June to 791.8 billion yuan ($122.27 billion), data from the National Bureau of Statistics showed on Tuesday, after a 36.4% increase in May.

ShareChat raises $145 mn from Temasek, others at near $3 bn valuation

The funding signals growing fascination for Indian content-sharing and short-video apps.

Asia equities tick up, as investors look to the US; Nikkei rises 0.58%

By Alun John

Oil inches up as tight supply, vaccinations outweigh virus concerns

By Sonali Paul

Logitech sales rise 66% on higher demand amid work-from-home activity

Computer peripherals maker Logitech said it was seeing no let-up in demand from stay-at-home workers, after reporting higher operating income and sales at the start of its 2022 business year.

Global growth to stay strong but coronavirus the top risk, say economists

A global survey of nearly 500 economists taken this month also concluded recent rising inflation in key economies around the world would be transitory.

Tesla beats profit and revenue estimates, delays Semi launch; shares up 1%

Tesla posted a profit of $1.45 per share, easily topping analyst expectations for a profit of 98 cents per share

Lockheed's F-35A could face first price rise in years as inflation bites

Lockheed Martin said future F-35A fighter jets could be more expensive as rising inflation and customer demands halt a 64% drop in price since the jet was first introduced in 2007

Chinese tutoring firms could spin-off units, boost non-academic tutoring

Battered by a regulatory crackdown, China's multi-billion dollar private tutoring sector could seek to separate its business segments and bulk up non-academic tutoring as it tries to soften the blow

PayPal to research transactions that fund hate groups, extremists

PayPal is partnering with non-profit organisation Anti-Defamation League to investigate how extremist and hate movements in US take advantage of financial platforms to fund their criminal activities

Facebook, tech giants to target manifestos, far-right militias in database

Over next few months, group will add attacker manifestos - often shared by sympathizers after white supremacist violence - and other publications and links flagged by UN initiative Tech Against Terror

US will not lift travel restrictions, citing Delta variant: White House

The United States will not lift any existing travel restrictions "at this point" due to concerns over the highly transmissible Covid-19 Delta variant and the rising number of U.S. coronavirus cases

French tyre group Michelin raises 2021 targets as demand rebounds

French tyre maker Michelin raised its 2021 financial targets on Monday after a strong rebound in the tyre markets and gains in market share in the first half of the year

Cash-hungry emerging markets arrive late to the SPAC party: Report

SPACs allow investors to list a shell company on public markets before they have identified a business to buy, which provides a speedier route to an initial public offering.

Covid-19 crisis has lead to food crisis, says Italy's PM Mario Draghi

The world must ensure access to food supplies as forcefully as it moved to ensure access to vaccines, Italian Prime Minister Mario Draghi said

McDonald's creates new unit to focus on growth through global digital app

McDonald's Corp is bringing its digital, data analytics, marketing, restaurant development and operations segments into one unit as it focuses on driving growth through its global app

Oil prices steady in undersupplied market but virus clouds demand

Oil prices were steady on Monday as the spread of the Covid-19 Delta variant stoked fears over future fuel demand, though crude supply looks set to be tight through the rest of the year