Business

Diesel brand owner OTB is positive on China and in no rush to IPO

Diesel brand owner OTB is positive on China and in no rush to IPO

By Casey Hall SHANGHAI (Reuters) -OTB Group, the parent of Italian denim specialist Diesel and owner of luxury brands including…

October 17, 2025

Automaker group warns Nexperia chip supply issue could quickly disrupt US production

WASHINGTON (Reuters) -A group representing major automakers warned late on Thursday that a chip disruption stemming from a dispute between…

October 17, 2025

Spirit Airlines to furlough another 365 pilots in restructuring

By Doyinsola Oladipo NEW YORK (Reuters) -Spirit Airlines on Thursday said it will furlough 365 pilots and downgrade the status…

October 17, 2025

US weekly jobless claims decline, JPMorgan and Goldman Sachs estimate

By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for jobless benefits fell last week, economists at…

October 17, 2025

Meta set to clinch nearly $30 billion financing deal for Louisiana data center site, Bloomberg News reports

(Reuters) -Meta Platforms was set to seal an almost $30 billion finance package for its data center site in rural…

October 17, 2025

US CFPB scraps Citibank discrimination case three years early

(Corrects paragraph 5 to specify that Citi declined to comment while CFPB did not respond) WASHINGTON (Reuters) -The top U.S.…

October 17, 2025

Oracle expects cloud sales of $166 billion by 2030 as business expands

By Stephen Nellis and Harshita Mary Varghese (Reuters) -Oracle said on Thursday it expects cloud infrastructure revenue to grow to $166…

October 17, 2025

Trump says price of Ozempic will be lowered

WASHINGTON (Reuters) -U.S. President Donald Trump said on Thursday that the price of Novo Nordisk's best-selling weight-loss drug would be…

October 17, 2025

Wall Street ends down; Zions sparks worries about regional banks

By Noel Randewich (Reuters) -Wall Street closed lower on Thursday, with signs of weakness in regional banks spooking investors already…

October 17, 2025

G20 vows to keep focus on developing countries' debt issues

By Andrea Shalal WASHINGTON (Reuters) -The Group of 20 major economies, led this year by South Africa, said on Thursday…

October 17, 2025