Tesla UK car sales drop 37% as Chinese competition heightens, SMMT data shows
March 5 (Reuters) - Tesla's UK sales dropped 37% in February from a year earlier, data from the Society of Motor Manufacturers and Traders (SMMT) showed on Thursday, as the automaker stayed under pressure from booming demand for EVs from Chinese comp...
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Global economy faces inflation and growth test amid escalating conflict in Iran - Goldman
March 5 (Reuters) - A temporary surge in oil prices to $100 per barrel could slow global growth by 0.4 percentage point, Goldman Sachs analysts said on Thursday, as a widening conflict in Iran chokes off vital Middle East oil and gas flows. Under its...
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Somali parliament approves constitution change to extend president's term, delay election
MOGADISHU, March 5 (Reuters) - Somalia's parliament voted to change its constitution and extend the term in office for lawmakers and the president, the president and the parliament's speaker said, pushing back planned elections by a year. Somalia has...
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Crude tanker Sonangol Namibe's hull likely breached after blast near Iraq port, company representative says
LONDON, March 5 (Reuters) - The Bahamas flagged crude oil tanker Sonangol Namibe's hull was likely to have been breached after being hit by blast while anchored near Iraq's Khor al Zubair port, representative company Sonangol Marine Services said...
2h ago
UK firms' wage growth expectations stick near 4-year low in February, BoE survey shows
LONDON, March 5 (Reuters) - British employers' expectations for wage growth held at their joint-lowest in nearly four years in February, according to a survey published by the Bank of England, which is looking out for further signs of a slowdown in p...
2h ago
Galderma gives better than expected 2026 guidance, shares rise
March 5 (Reuters) - Shares of Swiss skincare company Galderma opened higher on Thursday after it reported 17.7% growth in full-year net sales and gave an upbeat guidance for 2026. The annual net sales were $5.21 billion, with the strongest growth...
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Turkey says it is closely following actions of Iranian Kurdish PJAK militant group
ANKARA, March 5 (Reuters) - Turkey said on Thursday that it was closely following the actions of the Iranian Kurdish PJAK militant group, which it said threatened Iran's security and regional stability, amid reports of discussions between Iranian Kur...
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China's top chip bosses urge supportive policies to create 'China's ASML'
By Che Pan and Laurie Chen BEIJING, March 5 (Reuters) - Top Chinese semiconductor executives have called for a coordinated national effort to develop operational lithography systems during the 2026-2030 period, underlining Beijing's push for greater t...
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Analysis-Iran war to weigh more on Indian growth than inflation, keeping interest rates low
By Jaspreet Kalra and Ira Dugal MUMBAI, March 5 (Reuters) - The U.S. and Israel's attack on Iran is expected to weigh more on India's economic growth than its inflation, which will encourage the Reserve Bank of India to keep interest rates low, three s...
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Iran says it hits U.S. oil tanker in Gulf, no immediate confirmation
DUBAI, March 5 (Reuters) - Iran's Revolutionary Guards said on Thursday that they had hit a U.S. tanker in the northern part of the Gulf and the vessel was on fire. There was no immediate confirmation of the incident or of a similar attack tha...
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