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Ferrari trims price increases on some models sold in U.S. to maximum 5%
Reuters· 2025-11-04 14:16
Ferrari has trimmed price increases on some of the models it sells in the U.S. to a maximum of 5% following a deal to reduce the import tariff on European products, a spokesman told Reuters. ...
Hertz surges after swinging to third-quarter profit
Reuters· 2025-11-04 14:04
Hertz Global swung to a third-quarter profit after nearly two years on Tuesday, as the company relied on used vehicle sales and a newer fleet of rental cars to drive demand, sending its shares up 27% ... ...
YPF, Eni sign agreement with ADNOC's XRG to develop Argentina LNG project
Reuters· 2025-11-04 14:04
Argentina's state-controlled oil company YPF and Italy's Eni reached a framework agreement with the Abu Dhabi National Oil Company (ADNOC)'s XRG investment arm to join Argentina's liquefied natural ga... ...
Rheinmetall closing in on multi-billion-euro ammunitions contract, CEO tells Reuters
Reuters· 2025-11-04 13:43
German defence giant Rheinmetall is in the final stages of negotiating a multi-billion-euro ammunitions supply contract, CEO Armin Papperger told Reuters in an interview on Tuesday. ...
India tribunal lifts WhatsApp data-sharing ban, upholds Meta fine
Reuters· 2025-11-04 13:39
An Indian appeals tribunal on Tuesday set aside an antitrust watchdog's five-year ban on Meta-owned WhatsApp sharing user data with other Meta entities for advertising, marking a partial win for the U... ...
CDW beats quarterly profit estimates on strong demand for its IT solutions
Reuters· 2025-11-04 13:36
Core Insights - CDW exceeded Wall Street profit estimates for the third quarter, driven by increased technology budgets from enterprise customers and a growing adoption of artificial intelligence in cloud services [1] Group 1: Financial Performance - CDW reported a profit that surpassed Wall Street expectations for the third quarter [1] - The increase in enterprise customers' technology budgets contributed significantly to the company's financial success [1] Group 2: Market Trends - There is a notable trend of enterprise customers embracing artificial intelligence and cloud adoption, which is positively impacting CDW's business [1]
Nvidia's top-end chips may be sold as tech evolves, Bessent says
Reuters· 2025-11-04 13:36
Core Viewpoint - U.S. Treasury Secretary Scott Bessent envisions a future where Nvidia's advanced Blackwell chips could be sold to China and other countries as technology continues to evolve [1] Group 1 - The potential for Nvidia's Blackwell chips to be sold internationally indicates a shift in technology accessibility [1] - The evolution of technology may lead to changes in export regulations and market dynamics for semiconductor companies [1]
TotalEnergies sees oil demand rising until 2040 as energy security outweighs climate concerns
Reuters· 2025-11-04 13:12
French oil major TotalEnergies sees global oil demand rising through 2040 before gradually dropping off, as political fragmentation and energy security concerns dampen the drive to reduce emissions and limit global warming, it said in its annual energy outlook report on Tuesday. ...
New $400 million Israel-Cyprus gas pipeline awaiting government approvals, Energean CEO says
Reuters· 2025-11-04 12:39
A $400 million pipeline to transport natural gas from Israel to Cyprus is awaiting government approval from both countries and Israel has expressed support, the head of Eastern Mediterranean focused g... ...
HSBC expects OPEC+ oil quota increases to accelerate later in 2026
Reuters· 2025-11-04 12:36
HSBC expects OPEC+ to accelerate oil output quota increases in the second and third quarters of 2026 as the producer group focuses on regaining market share, the bank said on Tuesday. ...