News
Important Only
Japan's Suzuki trims India sales target amid competition, scales back EV launches
Cuts India sales target to 2.5 mln from 3 mln by FY2030Scales back planned EV launches in India to four from sixSevere India competition prompts paring of sales targetRecasts with India sales target, EV plans, analyst commentBy Daniel Leussink and Aditi Shah TOKYO, Feb 20 (Reuters) - Japanese car...Reuters
Thu, Feb 20
BRIEF-Toyota Motor Says Recalling Some US Vehicles As Improperly Tightened Seatback May Not Adequately Restrain Occupant During Crash- NHTSA
Feb 20 (Reuters) - TOYOTA MOTOR ENGINEERING & MANUFACTURING IS RECALLING 167,802 U.S. VEHICLES - NHTSATOYOTA MOTOR ENGINEERING & MANUFACTURING IS RECALLING SOME U.S. VEHICLES AS AN IMPROPERLY TIGHTENED SEATBACK MAY NOT ADEQUATELY RESTRAIN THE OCCUPANT DURING A CRASH, INCREASING THEIR RISK OF...Reuters
Thu, Feb 20
Birkenstock beats holiday-quarter revenue estimates on strong demand
Feb 20 (Reuters) - Birkenstock BIRK.N beat Wall Street expectations for first-quarter revenue on Thursday, as the German footwear maker benefited from strong holiday-driven demand for its expensive cork-based sandals and shoes.The company reported quarterly revenue of 361.7 million euros ($377.47 mi...Reuters
Thu, Feb 20
Mercedes-Benz to shift production of one model to Hungary, CFO says
Feb 20 (Reuters) - Mercedes-Benz MBGn.DE will not shut down plants in Germany but plans to shift production of one of its models from its home market to its plant in Hungary, where costs are 70% lower, the CFO said on Thursday.It will also outsource areas from finance and human resources to procurem...Reuters
Thu, Feb 20
US real estate firm CoStar prepares $1.7 billion bid for Australia's Domain, source says
Adds detail from seventh paragraphBy Scott MurdochSYDNEY, Feb 20 (Reuters) - U.S. online real estate firm CoStar CSGP.O is preparing a A$2.7 billion ($1.72 billion) bid for Australian property classifieds firm Domain Holdings DHG.AX, said a person with direct knowledge of the matter.CoStar decl...Reuters
Thu, Feb 20
Haier Group to acquire near 42% stake in Autohome for $1.8 billion
Feb 20 (Reuters) - Hong Kong-listed Autohome 2518.HK said on Thursday its controlling shareholder Yun Chen Capital Cayman has agreed to sell 41.91% stake in the company to a unit of Haier Group Corp for $1.8 billion.Reuters
Thu, Feb 20
Kremlin says topic of another Russia-US prisoner swap is on the agenda
MOSCOW, Feb 20 (Reuters) - The Kremlin said on Thursday that the idea of a possible new prisoner exchange between Russia and the United States was on the agenda after Moscow and Washington agreed to start work on restoring relations at all levels. Kremlin spokesman Dmitry Peskov, asked by reporters...Reuters
Thu, Feb 20
Kremlin says any UK plan to send troops to Ukraine would be unacceptable for Russia
MOSCOW, Feb 20 (Reuters) - The Kremlin said on Thursday that any British plan to send troops to Ukraine as part of a potential peacekeeping mission would be unacceptable for Russia and that it was monitoring statements by British Prime Minister Keir Starmer with concern.Kremlin spokesman Dmitry Pesk...Reuters
Thu, Feb 20
Scholz defends Ukraine as not to blame for war, underlines EU membership offer
BERLIN, Feb 20 (Reuters) - German Chancellor Olaf Scholz stressed the importance of keeping the path open for Ukraine to join the European Union and rejected suggestions that the country was to blame for its invasion by Russia, in a radio interview aired on Thursday.Asked if he shares U.S. President...Reuters
Thu, Feb 20
Kremlin, on reports Ukraine may attack Russia's Bryansk region, says army is monitoring situation
MOSCOW, Feb 20 (Reuters) - Kremlin spokesman Dmitry Peskov said on Thursday that the Russian military was monitoring the situation on all fronts when asked to comment on unconfirmed media reports that Ukraine may be poised to attack Russia's Bryansk region.Reuters
Thu, Feb 20
Birkenstock sandals are pieces of design, not art, court finds
KARLSRUHE, Germany, Feb 20 (Reuters) - Birkenstock BIRK.N sandals, which have evolved from a symbol of counterculture to a trendy fashion item, do not qualify as art and are therefore not protected by copyright, Germany's highest civil court ruled on Thursday.The Federal Court of Justice dismiss...Reuters
Thu, Feb 20
Egypt's President Sisi heads to Saudi Arabia
DUBAI, Feb 20 (Reuters) - Egyptian President Abdel Fattah al-Sisi is heading to Saudi Arabia, state TV reported on Thursday, and is expected to discuss Gaza developments while there.Arab states plan to discuss a post-war plan for Gaza reconstruction, possibly to counter U.S. President Donald Trump&#...Reuters
Thu, Feb 20
G20 foreign ministers gather amid tensions over trade, Ukraine
JOHANNESBURG, Feb 20 (Reuters) - Foreign ministers from the G20 top economies were to meet in South Africa on Thursday and Friday, amid tensions between members over the Ukraine war, trade disputes and with the top U.S. diplomat staying away owing to a feud with the hosts.Reuters
Thu, Feb 20
TikTok restructures trust and safety team, lays off staff in unit, sources say
SHANGHAI, Feb 20 (Reuters) - TikTok is laying off global staff at its trust and safety unit which handles content moderation as part of a restructuring, three sources familiar with the matter said on Thursday.Two sources said that Adam Presser, operations head of the app who also oversees the unit, ...Reuters
Thu, Feb 20
KKR lifts stake in Japan's Fuji Soft, ending bidding war with Bain
Final price of 9,850 yen per share takes shareholding to 57.9%Ends heated bidding war that began last autumnWill be largest take-private deal in Japan so far this year Adds milestone and tender process details in paragraphsBy Anton Bridge and Kane Wu TOKYO, Feb 20 (Reuters) - Japan's Fuji Sof...Reuters
Thu, Feb 20
China's iQIYI launches $300 million convertible bond, term sheet shows
Adds share price, company backgroundBy Kane Wu and Yantoultra NguiHONG KONG, Feb 20 (Reuters) - Chinese video streaming platform iQIYI IQ.O has launched a $300 million convertible bond offering, according to a term sheet reviewed by Reuters on Thursday.The unsecured senior notes, which have a maturi...Reuters
Thu, Feb 20
BRIEF-Hulamin Says Tariffs Will Not Impact Competitive Position In Us Market
Feb 20 (Reuters) - Hulamin Ltd HLMJ.J:HULAMIN LTD: TARIFFS WILL HAVE NO IMPACT ON HULAMIN'S COMPETITIVE POSITION IN US MARKETHULAMIN LTD - EXPECTATION IS THAT VOLUMES GOING FORWARD SUPPLIED TO U.S. AND MARGINS ACHIEVED THEREON WILL REMAIN UNCHANGEDSource text: ID:nJseT0034aFurther company covera...Reuters
Thu, Feb 20
Ukraine's sovereign debt tumbles, investor ceasefire optimism fades
LONDON, Feb 20 (Reuters) - Ukraine's sovereign debt slid lower on Thursday, with most issues on track for their fifth straight day of losses, as tensions mounted between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy. The country's GDP warrant shed 2 cents, to be bid...Reuters
Thu, Feb 20
A Minute With: actor Amanda Warren on joining 'The Night Agent'
By Marie-Louise GumuchianLONDON, Feb 20 (Reuters) - Actor Amanda Warren takes on the role of a no-nonsense veteran of the secret U.S. Night Action investigative program in the second season of popular Netflix action thriller series "The Night Agent".The show's return sees protagonist Pet...Reuters
Thu, Feb 20
STMicroelectronics to launch data centre photonics chip developed with Amazon
AMSTERDAM, Feb 20 - STMicroelectronics STMPA.PA on Thursday said it is launching a new computer chip targeting the booming market for AI data centre equipment, which it has developed in cooperation with Amazon's web services arm (AWS).With top U.S. software firms planning to spend $500 billion o...Reuters
Thu, Feb 20
