Eurasia

Li Auto Inc (NASDAQ:LI) shares are tumbling today after the company cut the first-quarter FY24 vehicle deliveries guidance. The company lowered the first-quarter vehicle deliveries outlook to 76,000-78,000 from 100,000-103,000 expected earlier. The guidance cut is owing to lower-than-...

Shell (NYSE:SHEL) disclosed that its subsidiary, Shell New Energies US LLC, sold its 50% equity share in SouthCoast Wind Energy LLC to joint venture partner Ocean Winds North America LLC. The financial terms were not disclosed. SouthCoast Wind is a 50-50 joint venture between Shell and Ocean Winds...

Prudential plc (NYSE:PUK) shares are trading lower after the company reported FY 2023 results. Insurance revenue was $9.371 billion versus $8.549 billion a year ago. New business profit rose 45% on CER basis (+43% AER basis) to $3.125 billion in the year.  Excluding...

Mobileye Global Inc (NASDAQ:MBLY) shares are trading higher after its partnership with Volkswagen AG (OTC:VWAGY) in the field of automated and autonomous driving.  The two companies will bring new automated driving functions to series production. Mobileye will provide...

JinkoSolar Holding Co Ltd (NYSE:JKS) shares are trading lower after the company reported worse-than-expected fourth-quarter FY23 bottom-line results. Revenue grew 9.4% Y/Y to $4.62 billion, beating the consensus of $4.28 billion. Quarterly shipments increased 67.7% Y/Y to 27,862 MW (...

On Holding AG (NYSE:ONON) is reportedly set to establish its inaugural store in Hong Kong, joining a wave of brands seeking refuge from declining sales in China. On Holding, endorsed by tennis icon Roger Federer, eyes a spacious site at H Queen’s in Central District, Hong Kong, according...

Stellantis N.V. (NYSE:STLA) corporate venture fund, Stellantis Ventures, has invested in SteerLight, the developer of a new generation of high-performance LiDAR (Light Detection and Ranging) sensing technology. Stellantis noted that SteerLight LiDAR senses the surrounding environment in...

The Norwegian energy giant Equinor ASA (NYSE:EQNR) reportedly invests around $6 billion a year in oil and gas exploration and drilling in the country to maintain continued output levels through 2035. CEO Anders Opedal told Reuters, “We couldn’t invest more per year without...

Ferrari N.V. (NYSE:RACE) reportedly faces a lawsuit in the U.S. after drivers claim the luxury carmaker failed to address braking issues. Drivers filed a proposed class action in San Diego federal court, alleging Ferrari neglected to fix brake problems, posing safety risks, according to a report...

As Boeing Company (NYSE:BA) grapples with multiple crises and business challenges, the CEO of peer Airbus SE (OTC:EADSY), the European aircraft manufacturing giant, has reportedly highlighted how these issues are tarnishing the aerospace industry’s overall reputation....

SoftwareONE Holding AG (OTC:SWONF) stated that Timo Ihamuotila, chief financial officer of Swiss engineering group ABB Ltd (OTC:ABBNY), and lawyer Isabelle Romy will step down from its board of directors at the upcoming annual general meeting on April 18. Neither of the...

Workers at an Amazon.Com, Inc. (NASDAQ:AMZN) warehouse in Coventry, central England, have reportedly initiated a strike, with plans for further action, citing disputes over pay and union recognition. The strike reflects wider industrial unrest in Britain amid demands for better wage rises...

XPeng Inc (NYSE:XPEV) reported a fourth-quarter fiscal 2023 sales growth of 153.9% year-on-year, to CNY13.05 billion ($1.84 billion), missing the consensus of $1.86 billion. Total revenues increased 153.9% from the same period of 2022 and rose 53.0% sequentially. Adjusted net loss per ADS...

HUYA Inc (NYSE:HUYA) shares are trading lower after it reported fourth-quarter FY23 revenue of $215.5 million, beating the consensus of $210.04 million. The Chinese game live-streaming platform’s adjusted loss per ADS of $(0.11) was better than the consensus loss of $(0.12...