Maersk warns of slower demand for container shipping

FILE PHOTO-Signage is seen at the Maersk offices in Copenhagen, Denmark, July 30, 2022. REUTERS/Andrew Kelly/File Photo COPENHAGEN, Aug 4 (Reuters) – Shipping group A.P. Moller-Maersk (MAERSKb.CO) warned on Friday of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth and customers reducing inventories. The company,… Continue reading Maersk warns of slower demand for container shipping

Panama Canal seen losing $200 million next year as ship crossings dip

Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. REUTERS/Aris Martinez/File Photo PANAMA CITY, Aug 3 (Reuters) – The Panama Canal expects its revenue to shrink by about $200 million in its next fiscal year due to crossing… Continue reading Panama Canal seen losing $200 million next year as ship crossings dip

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Toyota, Pony.ai plan to mass produce robotaxis in China

file photo: A logo of the autonomous driving technology startup Pony.ai is seen on a screen during an event in Beijing, China May 13, 2021. REUTERS/Tingshu Wang BEIJING, Aug 4 (Reuters) – Toyota (7203.T) and partner Pony.ai are planning to mass produce robotaxis in China, setting up a venture this year which will build cars… Continue reading Toyota, Pony.ai plan to mass produce robotaxis in China

Auto parts maker Vimercati to open $200 million plant in Mexico, state governor says

Governor of Nuevo Leon state Samuel Garcia speaks during a school equipment delivery event at the Prepa Tec high school, in Monterrey, Mexico April 25, 2023. REUTERS/Daniel Becerril Show more companies MEXICO CITY, Aug 3 (Reuters) – Auto parts maker Vimercati will invest $200 million to open a plant in the northern Mexican state of… Continue reading Auto parts maker Vimercati to open $200 million plant in Mexico, state governor says

Tesla discusses India plans with commerce minister Goyal in Delhi

A semi-truck refuelling at a gas station is seen through a Tesla Supercharger at a Buc-ee’s travel center in Crossville, Tennessee, U.S., March 21, 2023. REUTERS/Bing Guan/File Photo NEW DELHI, Aug 3 (Reuters) – India’s Commerce Minister Piyush Goyal met senior U.S.-based Tesla (TSLA.O) executives last week in a closed-door meeting to discuss the carmaker’s… Continue reading Tesla discusses India plans with commerce minister Goyal in Delhi

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Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts Aug 3 (Reuters) – Apple (AAPL.O) on Thursday reported sales and profit that beat Wall Street expectations despite a decline in iPhone sales, with its signature device’s strong performance in China helping the… Continue reading Untitled

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Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source