Porsche IPO only off the table if severe geopolitical problems arise, CFO says

BERLIN (Reuters) -Porsche will only backtrack on its stock market debut in the event of severe geopolitical problems that would make the importance of a listing fade in comparison, the sportscar brand’s chief financial officer said on Tuesday. “You never know what will happen regarding geopolitical issues, but if a potential IPO would be stopped […]

‘Spider-Man: No Way Home’ tops dismal box office after nine months away

By Rebecca Rubin LOS ANGELES (Variety.com) – Movie theaters and the terrible, horrible, no good, very bad end-of-summer continues at the box office. Without any major releases on the calendar, Sony’s “Spider-Man: No Way Home” — yes, a movie that debuted in December of 2021 — managed to return to the No. 1 spot in […]

Inside Tesla’s drive to keep Musk’s battery promise

By Norihiko Shirouzu and Paul Lienert (Reuters) – The secret behind Elon Musk’s goal of selling 20 million Tesla’s a year by 2030 lies in its pioneering battery technology. The good news is that by using bigger cells and a new process to dry-coat electrodes, Tesla could halve the cost of a Model Y battery, […]

Europe tries to shore up power firms with billions more

By Essi Lehto and Michael Shields HELSINKI/ZURICH (Reuters) – Finland and Switzerland provided billions in financial support to power companies on Tuesday, as Europe scrambles to secure energy supplies in a deepening crisis sparked by Russia’s move to shut a major gas pipeline. Finnish utility Fortum said it had signed a bridge financing arrangement with […]

Brendan Fraser learns new way to move in Venice obesity drama

By Crispian Balmer VENICE (Reuters) – U.S. actor Brendan Fraser, returning to the big screen as a leading man after a nine-year absence, said on Sunday playing the obese hero of “The Whale” was the biggest challenge of his career. The movie, directed by Darren Aronofsky, is receiving its premiere at the Venice Film Venice, […]

Analysis-Banned U.S. AI chips in high demand at Chinese state institutes

By Eduardo Baptista BEIJING (Reuters) – High-profile universities and state-run research institutes in China have been relying on a U.S. computing chip to power their artificial intelligence (AI) technology but whose export to the country Washington has now restricted, a Reuters review showed. U.S. chip designer Nvidia Corp last week said U.S. government officials have […]

Surfing-Toledo looks to extend Brazilian men’s dominance at WSL Finals

By Lincoln Feast (Reuters) – Filipe Toledo heads into the World Surf League Finals as favourite to win what would be a popular first world title and one which would extend the dominance of the “Brazilian Storm” in men’s surfing. Toledo won two legs of the 10-stop World Championship Tour this year, qualifying first for […]

Oil steadies after rally on symbolic OPEC+ output cut

By Alex Lawler LONDON (Reuters) – Oil steadied on Tuesday after a two-day rally as OPEC+’s decision to cut output in October was balanced by concern about a weak economic outlook and the prospect of more interest rate hikes. The Organization of Petroleum Exporting Countries and allies led by Russia, known as OPEC+, decided to […]

Famed male Italian director tells Venice he was born a woman

By Crispian Balmer VENICE (Reuters) – Award-winning Italian director Emanuele Crialese revealed on Sunday that he had been born a woman as he presented his highly autobiographical movie “L’Immensita”, starring Penelope Cruz, at the Venice Film Festival. “L’Immensita” focuses on an Italian family growing up in 1970s Rome, where the eldest daughter identifies as a […]