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Residents and firefighters work to extinguish an advancing wildfire near Formariz in Zamora province, Spain. REUTERS/Umit Bektas
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US Federal Reserve Chairman Kevin Warsh in Washington, D.C. REUTERS/Evelyn Hockstein
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- "Policymakers who feel that a rate hike needs to happen were not really willing to step aside and give way to the chairman," says correspondent Ann Saphir, discussing dissent at the Fed even while the central bank holds rates steady on today's episode of the Reuters World News podcast — listen now.
- South Korea's efforts to rein in the leveraged products wreaking havoc in its financial markets may not go far enough to quell skyrocketing volatility, analysts say, as pain and public anger mount over a $2 trillion-and-counting stocks wipeout.
- Samsung reported a more than 250-fold jump in chip profit and announced multi-year supply deals with major data centre operators, saying it expects global chip shortages to become more acute and extend into 2028.
- Vehicle leasing has declined in the United States in recent years, curbing what has long been a preferred route to new wheels for many car shoppers. Here's why.
- Shein, the Chinese-founded fast-fashion retailer, has released financial details ahead of its long-awaited Hong Kong float. In this Viewsroom podcast, Breakingviews columnists explain how a pushback against its business model in the West may have collapsed the valuation to just $10 billion.
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REUTERS/Illustration/Catherine Tai
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After years as China's top-selling automaker, Volkswagen in 2019 was looking beyond the roads it dominated and set out to own a piece of the sky. But now, while local upstarts prepare for flying-car liftoff in China, Volkswagen remains grounded.
Volkswagen's flying-car effort simply couldn’t match the speed of China’s low-altitude economy. That's the global aviation industry’s term for an emerging market encompassing drones, air taxis and other aviation services aimed at the airspace below 1,000 meters.
In China, local rivals, governments and supply chains have moved faster than VW: that stumble serves as yet another example of older automakers rapidly losing business to Chinese competitors.
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BTS performs during the FIFA World Cup 2026 halftime show. REUTERS/Mike Segar
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K-pop group BTS said they will not submit any music for consideration at the 69th Annual Grammy Awards in February 2027, citing dissatisfaction with the academy's new category for best Asian pop music performance.
The decision marks the first time the South Korean group, one of the biggest names in K-pop, have opted out of the awards ceremony. Each member of the group shared the news in a post on Instagram.
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