Business
Business
European Commission Favours More EU Funds for Electric Vehicles Sector
Business
Shift to New UK Job Market Survey May Be Delayed to 2027, Ons Says
Business
Britons Spent $4.6 Billion Online Over Black Friday/Cyber Monday Period, Says Adobe
Business
Analysis-Why Gm Could Suffer Under Trump Policies to ‘save’ Detroit Automakers
Forvia Says CEO Koller to Step Down in March 2025, Succeeded by Martin Fischer
Date: December 3, 2024
(Reuters) – Forvia has appointed Martin Fischer to replace Patrick Koller as its CEO from the beginning of March 2025, the French car parts supplier said on Tuesday. Fischer, an auto industry veteran who most recently served as a member of ZF Group’s management board, will join Forvia as a deputy CEO on Friday to...
Upper Crust Owner Ssp Targets European Profit Margin Boost, Shares Jump
Date: December 3, 2024
(Reuters) -Upper Crust owner SSP, which runs cafes, bars and restaurants in train stations and airports in nearly 40 countries, said on Tuesday it plans to double its operating profit margin in its struggling Continental European business. London-based SSP said the performance of its biggest market in terms of sales, which accounted for 35% of...
Leonardo Has No Plans to Change Its Stake in Germany’s Hensoldt
Date: December 3, 2024
ROME (Reuters) – Leonardo has no intention to change its stake in Germany’s Hensoldt, the Italian defence and aerospace group’s chief executive said on Tuesday. “Our stake is good as it is. For fair play we will wait for a decision by the German government, to make any change,” CEO Roberto Cingolani told reporters ahead...
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...