(Reuters) -Automaker Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) for the first half of 2025, it said on Monday, as it forecast an initial hit of 0.3 billion euros from U.S. import tariffs on its half-year results.
The group also sees net revenue of 74.3 billion euros, down 12.6% year-on-year, as overall second-quarter shipments fell by 6% compared to last year, to an estimated 1.4 million vehicles, it said in a statement.
... (continue reading...)By Che Pan, Liam Mo and Casey Hall
BEIJING/SHANGHAI (Reuters) -Nvidia CEO Jensen Huang is no stranger to Beijing, but his most recent visit, his third to China this year, cemented his rock star status in the country, where fans mingled freely with the AI titan on the streets of the capital.
It was a rare sight for a chief executive of one of the world's most powerful companies to roam around Beijing, engage in wide-ranging interviews, take... (continue reading...)
By Hyunjoo Jin and Lisa Barrington
SEOUL (Reuters) -The South Korea-led investigation into Jeju Air's fatal plane crash in December has "clear evidence" that pilots shut off the less-damaged engine after a bird strike, a source with knowledge of the probe said on Monday.
The source said the evidence, including the cockpit voice recorder, computer data and a physical engine switch found in the wreckage showed pilots shut off the left engine... (continue reading...)
SINGAPORE (Reuters) -The Chinese embassy in Singapore refuted claims that an espionage group accused of performing cyberattacks on Singapore's critical infrastructure was linked to China.
In a Facebook post published over the weekend, the Chinese embassy said such claims were "groundless smears and accusations".
"The embassy would like to reiterate that China is firmly against and cracks down all forms of cyberattacks in accordance with law.... (continue reading...)
TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba on Monday stressed the need to establish a common understanding among parties on the pros and cons of cutting the country's sales tax rate.
Cutting the sales tax could increase household income temporarily, but would raise questions on how to pay for Japan's ballooning social welfare and pension costs, Ishiba told a news conference.
"There needs to be a common understanding over the... (continue reading...)
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