(This story has been corrected to say that quarterly revenue fell 1.2%, not 2.9%, in paragraph 7) (Reuters) – Altria Group Inc missed sales expectations for the first quarter on Thursday, as pri[...]
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Business
Smaller EV prices to come down as EV sales climb, IEA says
By Victoria Waldersee BERLIN (Reuters) – Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars[...]
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Raytheon’s profit rises on China aviation boost
By Mike Stone and Pratyush Thakur WASHINGTON (Reuters) – Raytheon Technologies Corp reported a 4% rise in quarterly adjusted profit on Tuesday, as the aerospace and defense company saw strong Ch[...]
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Bitcoin could hit $100,000 by end-2024, Standard Chartered says
By Elizabeth Howcroft LONDON (Reuters) -Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called “crypto winter” is[...]
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Chile bid to boost state control over lithium spooks investors
By Alexander Villegas and Ernest Scheyder SANTIAGO (Reuters) -Chile has moved to boost state control over its lithium industry as it seeks to diversify from mining into batteries and other areas, spoo[...]
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AmEx’s costs, provisions cloud profit despite higher credit card use
By Siddarth S and Niket Nishant (Reuters) – American Express Co’s profit missed Wall Street estimates on Thursday despite higher spending by its customers as the credit card giant kept asi[...]
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Airline capacity constrained until 2025 due to delivery delays, spare parts -IATA
DUBLIN (Reuters) – Global airline capacity will be lower than expected this year and stay constrained until 2025 at the earliest, warned IATA director general Willie Walsh, due to delays in new[...]
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Polestar to start production in South Carolina from 2024, says CEO
SHANGHAI (Reuters) – Premium electric vehicle (EV) maker Polestar will start production in South Carolina for U.S. and European markets from 2024, Chief Executive Thomas Ingenlath told Reuters a[...]
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Big investors amp up California’s port truck-charging plan
By Lisa Baertlein LOS ANGELES (Reuters) – California’s bustling seaports, dominated by massive container vessels and soaring cranes, may seem an unlikely setting for investors seeking to c[...]
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