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China turns to electric taxis to soften Hormuz oil shock
1+ hour, 24+ min ago (634+ words) By Lewis Jackson and Sam Li BEIJING, July 15 (Reuters) – China has an increasingly important buffer against oil price shocks: electric taxis. Across Chinese cities, taxi usage and ridesharing are booming. In May, people took 3.05 billion trips, with government data showing…...
Cartier-owner Richemont’s jewellery sales boom boosts Q1 sales
1+ hour, 29+ min ago (193+ words) ZURICH, July 15 (Reuters) – Cartier jewellery owner Richemont reported better-than expected results for its first quarter on Wednesday, helped by booming growth in Asia and the Americas. The company, which also owns Swiss watch brands Piaget and IWC, said its sales…...
Intel turns to next-generation ASML tool to help make its laptop chips
2+ hour, 6+ min ago (272+ words) SAN FRANCISCO, July 14 (Reuters) – Intel has decided to use a high-end machine from ASML to manufacture some of its flagship Panther Lake laptop chips, ASML said on Tuesday, a move that will help the chipmaker learn to use the tool…...
ECB’s Kocher sees currently no second-round effects from Iran war, but bank is ready to act
1+ hour, 49+ min ago (193+ words) BERLIN, July 15 (Reuters) – The European Central Bank currently sees no second-round effects from the U.S.-Israeli war on Iran, but is paying close attention to indirect price effects from the conflict, ECB policymaker Martin Kocher said in an interview published…...
Iran threatens to block more vital seaways as Trump orders renewed Iran blockade
2+ hour, 16+ min ago (822+ words) By Enas Alashray, Tala Ramadan, Kanishka Singh and Samia Nakhoul CAIRO/WASHINGTON/BEIRUT, July 15 (Reuters) – Iran’s Islamic Revolutionary Guard Corps has threatened to close “all other export corridors that benefit the U.S. and its allies”, Iranian media reported, after…...
ASML tops Q2 estimates on AI chip demand
2+ hour, 9+ min ago (141+ words) July 15 (Reuters) - ASML, the world's biggest supplier of equipment used to manufacture computer chips, on Wednesday reported better-than-expected second-quarter revenue and profit, as demand from makers of artificial intelligence chips offset un... July 15 (Reuters) â ASML, the worldâs biggest…...
Cambodian tycoon was landlord to Chinese scammers and human traffickers
3+ hour, 15+ min ago (1481+ words) By Poppy McPherson and Panu Wongcha-um O’SMACH, Cambodia/ BANGKOK, July 15 (Reuters) – A gambling empire controlled by a powerful Cambodian tycoon was the landlord of a compound that was used for industrial-scale scamming and human trafficking operations, Reuters has found. Lim…...
Morning Bid: Big Blue’s bad day raises the bar for ASML
2+ hour, 44+ min ago (381+ words) A look at the day ahead in European and global markets from Tom Westbrook Europe’s most valuable company and the top supplier of chip-making equipment reports on Wednesday with the AI rally getting some speed wobbles. ASML is the only…...
Sweden’s Neko Health raises $700 million ahead of US launch
3+ hour, 13+ min ago (194+ words) COPENHAGEN, July 15 (Reuters) – Stockholm-based Neko Health, a technology firm focused on the prevention and early detection of disease, said on Wednesday it has raised $700 million in a Series C funding round ahead of the launch of its first U.S....
Exclusive-Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
3+ hour, 53+ min ago (178+ words) By Milana Vinn July 14 - Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, t......
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