Reuters

MILAN (Reuters) -Stellantis, the world's fourth-largest automaker, on Thursday maintained its 2024 financial forecasts and said it aimed to improve its dividend payout next year.

The company, which was created in 2021 through the merger of Fiat Chrysler and of Peugeot maker PSA, will hold an investor day later on Thursday in Auburn Hills, Michigan.

For 2025 the automaker will target the upper range of its 25% to 30% dividend payout policy... (continue reading...)

(Reuters) - Hungary will have to pay a 200 million euro ($216 million) fine for not implementing the necessary measures in its migration policy requested by a 2020 ruling, as well as paying a 1 million euros fine every day until it fully implements them, the EU's top court said on Thursday.

($1 = 0.9248 euros)

(Reporting by Bart Meijer and Boldizsar Gyori)

By Nivedita Bhattacharjee

BENGALURU (Reuters) - A joint venture between Reliance Industries' Jio Platforms and Luxembourg-based SES to provide gigabit fibre internet has won approval from the Indian space regulator to operate satellites there, a government executive said.

The three approvals issued to Orbit Connect India - which aims to provide satellite-based high-speed internet access - come as companies from Amazon.com to Elon Musk's... (continue reading...)

BANGKOK (Reuters) - An upcoming review of Thailand's inflation target range by the central bank and finance ministry should increase the chance of a rate cut, Thai Prime Minister Srettha Thavisin said on Thursday.

The central bank left its key interest rate unchanged for a fourth straight meeting on Wednesday, despite calls by the government to reduce borrowing costs to help revive Southeast Asia's second-largest economy.

The current... (continue reading...)

By Nidal al-Mughrabi

CAIRO (Reuters) - Israeli tanks advanced deeper into the western area of Rafah, amid one of the worst nights of bombardment from air, ground, and sea, forcing many families to flee their homes and tents under darkness, residents said on Thursday.

Residents said the Israeli forces thrust towards the Al-Mawasi area of Rafah near the beach, which is designated as a humanitarian area in all announcements and maps... (continue reading...)