Stories for you
- BusinessReuters
Exclusive-VW and Renault end talks to develop affordable EV, sources say
Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, two sources familiar with the situation said, in a setback for the EU carmakers' efforts to fend off Chinese rivals. The collapse of negotiations could mean the German carmaker may have to go it alone in developing its own affordable electric vehicle (EV). Renault will continue designing its electric Twingo, scheduled to hit the market in 2026.
1-min read - BusinessReuters
India's Bandhan Bank posts slide in Q4 net profit on write-offs, higher provisions
Indian private lender Bandhan Bank reported a 93% drop in fourth-quarter net profit on Friday as it increased provisions and wrote off bad loans. The Kolkata-based bank's net profit stood at 546.3 million rupees ($6.56 million) in the three months ended March 31, down from 8.08 billion in the same quarter a year ago. However, the loans were being examined by the National Credit Guarantee Trustee Company, an agency set up by the government, the bank said, which could delay a payout of the gover
1-min read - BusinessReuters
GameStop expects first-quarter revenue to drop, shares tumble
Shares of the company fell 10% in premarket trading on Friday, as it also filed for a mixed-shelf offering of an unspecified size. The stock has been part of a retail investor trading frenzy following a series of posts from Keith Gill's X account "Roaring Kitty", whose bullish calls on GameStop were a reason for the 2021 meme-stock frenzy. Net loss in the quarter ended May 4 is expected to be between $27 million and $37 million, narrower than the $50.5 million a year ago, as GameStop benefits
1-min read - LifestyleHuffPost
I Grew Up Thinking My Father Didn't Like Me. It Was Decades Before I Learned The Truth.
"If my dad were still alive, it would hurt him to read these words. He never intended for me to feel like a nuisance. So why, then, did I so often feel that way?"
13-min read - BusinessReuters
Factbox-Who is new Prosus and Naspers CEO Fabricio Bloisi?
Dutch technology investor Prosus and its South African parent group Naspers on Friday named the head of their iFood business, Fabricio Bloisi, as their new CEO, replacing long-time boss Bob van Dijk who stepped down last September. Bloisi, 47, is a Brazilian entrepreneur who holds a degree in Computer Science from the State University of Campinas (UNICAMP) and an MBA from Getulio Vargas Foundation. Prosus has invested in Movile, which owns iFood, for about 15 years.
2-min read - NewsAFP News
French police kill man trying to set fire to synagogue
French police on Friday shot dead a man armed with a knife and a crowbar who tried to set fire to a synagogue in the northern city of Rouen, adding to concerns over anti-Semitic violence in the country."National police in Rouen neutralised early this morning an armed individual who clearly wanted to set fire to the city's synagogue," Interior Minister Gerald Darmanin wrote on X, formerly Twitter.
4-min read - NewsAFP News
Putin in trade push on final day of China trip
Russian leader Vladimir Putin was in the northeastern city of Harbin on Friday, the final day of a visit aiming to promote crucial trade with China and win greater support for his war effort in Ukraine.China and Russia's strategic partnership has only grown closer since the invasion of Ukraine, and Beijing has rebuffed Western claims that it is aiding Moscow's war effort.
3-min read