By Richa NaiduNestle SIX:NESN CEO Philipp Navratil said on Tuesday that artificial intelligence could drive corporate efficiencies that could save money, including through cutting jobs.One of Navratil's first moves as CEO was to announce 16,000 job cuts in October.Navratil said AI was a huge opport…
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Brazilian state-run oil company Petrobras BMFBOVESPA:PETR3 approved a mechanism to limit price volatility by introducing floor and ceiling levels for Brent crude in the formulas used to calculate natural gas prices.The measure will be available to customers that choose to adopt it through amendme…
By Laila KearneyMembers of the PJM Interconnection are scheduled to vote on Tuesday on one of the biggest issues facing the largest U.S. grid operator: how to manage the rising data center demand that threatens to overtake regional electricity supplies.PJM has seen an explosion of requests over rou…
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By Nqobile DludlaStellantis MIL:STLAM is still reviewing plans for a proposed manufacturing plant in South Africa's Eastern Cape province and expects to make a decision in the coming months, the company's local manager said on Tuesday.The automaker announced plans in 2023 to build a greenfield fact…
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By Niket Nishant and Avinash PWall Street's main indexes were on course to close June with their strongest quarterly gains in years, underscoring the resilience of equities despite geopolitical challenges and inflation concerns.The S&P 500 CBOE:SPX and the Nasdaq Composite TVC:IXIC indexes were se…
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Euro zone bond yields moved up from early declines on Tuesday as oil prices hovered around four-month lows and investors waited for developments on possible talks between Iran and the United States in Qatar this week. European inflation data was also a concern.Germany's 10-year bond yield (DE10YT=R…
Italian tyremaker Pirelli MIL:PIRC on Tuesday said it had a multi-year investment plan for the United States worth around $1 billion to $1.2 billion and aimed at increasing production capacity in the country, including of its so-called Cyber Tyres.Pirelli said its new board was informed of the inve…
