Slashes
Mercedes slashes outlook in latest blow to German industry
MERCEDES-BENZ Group cut its financial forecast for the year as the luxury-car maker cited a rapid deterioration of its business in China, marking the latest blow to Germany’s struggling...
Federal Reserve Slashes Interest Rates by Half Point, Its First Cut Since the Pandemic as Stocks Rally
The Federal Reserve on Wednesday implemented its first interest rate cut since March 2020, slashing benchmark rates by half a percentage point to counter a potential slowdown in the...
EU slashes planned tariff on Tesla’s China-made EVs to 9%
THE European Commission cut on Tuesday (Aug 20) its proposed tariff on imports of Tesla cars built in China, as it broadly maintained other planned punitive duties it set...
LG Energy slashes sales target after earnings miss estimates
LG ENERGY Solution slashed its annual sales target and second-quarter earnings missed analyst estimates, as the South Korean battery maker grapples with slowing demand for electric vehicles (EVS). Sales...
Tesla slashes Model Y production in Shanghai, data shows
TESLA has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March, according to industry data and a source.The...
Apple slashes iPhone prices in China amid fierce Huawei competition
APPLE has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan (S$428) on select iPhone models.
S&P slashes Boeing credit outlook as rating hovers above junk status
BOEING’S credit rating was under pressure for the second time this week as S&P brought them one step closer to a junk rating on Thursday (Apr 25) after a...
Lufthansa slashes 2024 earnings forecast after costly strikes
LUFTHANSA slashed its full-year earnings outlook for 2024 on Monday (Apr 15), blaming a series of strikes and a slower than planned ramp up of capacity, in a profit...
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