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China’s Great Wall Motor is seeking to produce vehicles in Brazil, chairman says

SHANGHAI (Reuters) -Great Wall Motor is looking for opportunities to use Brazil as a base for vehicle production and expand to nearby regions, the Chinese carmaker’s chairman said in Shanghai on Wednesday. The impact from U.S. tariffs on Chinese automakers “is there, but not big,” said chairman Wei Jianjun in an interview during the Shanghai …

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Reckitt misses first-quarter sales estimates, shares slide

By Richa Naidu LONDON (Reuters) – Reckitt, the maker of Dettol and Lysol cleaning products, on Wednesday missed first-quarter like-for-like net sales growth estimates as volumes in its top European and North American markets fell, sending its shares down. The company also said that while it was “continuing to progress” the sale of its Essential …

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Attack on tourists in India’s Kashmir kills 26, injures 17, police say

By Fayaz Bukhari SRINAGAR, India (Reuters) -Twenty-six men were killed and 17 were injured when suspected militants opened fire at tourists in India’s Jammu and Kashmir territory, police said on Wednesday, the worst such attack in the country in nearly two decades. It was the worst attack on civilians in India since the 2008 Mumbai …

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Nissan to spend $1.4 billion in China, ditching ‘slow’ response to fast market

By Kevin Krolicki SHANGHAI (Reuters) – Nissan Motor will invest an additional $1.4 billion in China, where it believes it is on track to reverse a punishing slide in sales with the launch of some 10 new vehicles in the coming years, its China chief said on Wednesday. “We have been sort of slow in …

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UK considers changes to stop GB Energy using forced labour solar panels

LONDON (Reuters) -Britain is considering changing legislation to ensure its new state-owned energy company, Great British Energy, avoids the use of solar panels linked to suspected Chinese forced labour, the energy department said. Legislation is going through parliament to establish the state-backed company, but the government’s plans are facing criticism from some lawmakers about the …

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South African Capitec Bank posts 30% rise in annual profit

By Siyanda Mthethwa JOHANNESBURG (Reuters) -South African lender Capitec Bank reported on Wednesday a 30% rise in annual profit as net interest income grew by double digits, sending its shares higher. Capitec, one of the fastest growing South African banks targeting low-income earners, said that headline earnings – a key metric in South Africa – …

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Alemania, Francia y Reino Unido piden a Israel que permita la entrada de ayuda en Gaza

BERLÍN, 23 abr (Reuters) – Los ministros de Asuntos Exteriores de Alemania, Francia y Reino Unido pidieron conjuntamente a Israel que respete el derecho internacional permitiendo el paso sin trabas de la ayuda humanitaria a Gaza, en un comunicado hecho público el miércoles. “La ayuda humanitaria no debe utilizarse nunca como herramienta política y el …

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Volkswagen will go through ‘right-size’ process in China, CEO says

SHANGHAI (Reuters) -German carmaker Volkswagen will need to go through a ‘right-sizing’ process in China, its group CEO said on Wednesday, as competition intensifies in the world’s biggest auto market following a boom in electric vehicle sales in the past several years. “We have enormous capacity in China from the past. It will be a …

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United Steelworkers union still ‘unalterably opposed’ to US Steel-Nippon deal

By Andrea Shalal WASHINGTON (Reuters) -The United Steelworkers union told Treasury Secretary Scott Bessent it remains “unalterably” opposed to a $15 billion bid by Japan’s Nippon Steel to buy U.S. Steel, or any deal that would give Nippon influence over the company. USW President David McCall told Bessent in a letter sent late on Monday …

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Exclusive-China EV giant BYD reboots Europe operations after strategic stumbles, sources say

By Giulio Piovaccari and Nick Carey MILAN/SHANGHAI (Reuters) -China’s leading EV maker BYD is overhauling its European operations after strategic missteps including failures to sign up enough dealers and hire executives with local-market knowledge and to offer hybrids in markets resistant to fully electric vehicles, six current and former BYD executives said. BYD has moved …

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