business
Business
Analysis-Why GM could suffer under Trump policies to ‘save’ Detroit automakers
Business
Forvia says CEO Koller to step down in March 2025, succeeded by Martin Fischer
Business
Upper Crust owner SSP targets European profit margin boost, shares jump
Business
Leonardo has no plans to change its stake in Germany’s Hensoldt
How India says Volkswagen evaded $1.4 billion in import taxes
Date: December 3, 2024
NEW DELHI (Reuters) -India has alleged Volkswagen evaded $1.4 billion in taxes by “wilfully” paying lesser import duty on component imports, in one of the biggest cases of its kind in the country that adds to mounting difficulties the German automaker faces. Here is how India taxes automakers on imports and what Volkswagen allegedly did,...
British firms downbeat about China business despite stimulus, lobby group says
Date: December 3, 2024
BEIJING (Reuters) – British companies operating in China feel that doing business in the world’s second-largest economy has become harder over the past year due to sluggish economic conditions and they expect that situation to remain in 2025, a survey found. That is despite China rolling out a series of stimulus measures over the past...
UK retailers report weakest sales since April, BRC survey shows
Date: December 3, 2024
LONDON (Reuters) – British retailers reported lacklustre sales in November, according to industry data on Tuesday affected by the timing of the Black Friday sales, although it still pointed to weakening consumer confidence. Sales volumes dropped by 3.3% in the 12 months to November, the weakest reading since April when they fell 4.0%, and below...
Exxon talks continue on shallow-water block in Guyana auction, company says
Date: December 3, 2024
HOUSTON (Reuters) – U.S. oil major Exxon Mobil and partners are continuing to negotiate with Guyana’s government on the terms for developing a shallow-water oil block, an Exxon spokesperson said on Monday. Exxon, Hess and CNOOC won offshore block S8 in a bidding round launched in late 2022 by President Irfaan Ali’s administration. The...
FTSE 100 closes at six-week high as sterling slides
Date: December 3, 2024
(Reuters) -The UK's FTSE 100 touched a six-week closing high on Monday, extending November's modest gains, as a slide in sterling supported shares of international firms. The blue-chip FTSE 100 rose...
Exxon talks continue on shallow-water block in Guyana auction, company says
Date: December 3, 2024
HOUSTON (Reuters) - U.S. oil major Exxon Mobil and partners are continuing to negotiate with Guyana's government on the terms for developing a shallow-water oil block, an Exxon spokesperson said on...