Business News

Volvo Cars posts smaller profit for the second quarter

Volvo Cars posts smaller profit for the second quarter

STOCKHOLM, July 17 (Reuters) - Sweden's Volvo Cars on Friday reported a decline in profits for the second quarter compared…

July 17, 2026

Xi pitches China as leader of new global AI order, challenging US dominance

By Laurie Chen and Casey Hall SHANGHAI, July 17 (Reuters) - Chinese President Xi Jinping on Friday cast Beijing as…

July 17, 2026

Taco Bell to stop using lettuce identified with cyclosporiasis outbreak

July 16 (Reuters) - The U.S. Food and Drug Administration said on Thursday that Taco Bell, owned by Yum Brands,…

July 17, 2026

China's Xi promotes China's commitment to AI access in speech at Shanghai conference

SHANGHAI, July 17 (Reuters) - Chinese President Xi Jinping emphasised the importance of a "people-centred" approach to the development of…

July 17, 2026

Chipotle is entering the land of the taco. Will Mexicans bite?

By Daniel Becerril and Sarah Morland MONTERREY, July 16 (Reuters) - With balloons, confetti and optimism, U.S.-based Cal-Mex food chain…

July 17, 2026

China's Moonshot unveils world's largest open AI model, closing in on US rivals

By Laurie Chen BEIJING, July 17 (Reuters) - Chinese AI startup Moonshot on Friday unveiled Kimi K3, a 2.8 trillion-parameter…

July 17, 2026

China's top airlines warn of heavy losses ahead of uncertain summer

By Julie Zhu HONG KONG, July 17 (Reuters) - China's biggest airlines enter the peak summer travel season facing a…

July 17, 2026

Dollar set for weekly drop as traders cut wagers on rate hikes

By Ankur Banerjee SINGAPORE, July 17 (Reuters) - The dollar held steady on Friday but was poised for a weekly…

July 17, 2026

Truth Social to sell trading firms 'fastest' access to Trump's posts

By Deborah Mary Sophia and Saqib Iqbal Ahmed July 16 (Reuters) - Trump Media & Technology Group has unveiled a…

July 17, 2026

Brazil readies 'tough' response to new Trump tariffs, sources say

By Lisandra Paraguassu BRASÍLIA, July 16 (Reuters) - Brazil's government convened top ministers on Thursday to prepare retaliatory measures against…

July 17, 2026