business
Business
US LNG exports to Europe surge in November on higher prices
Business
ASML not changing guidance after new US crackdown on China chip exports
Business
Airbus deliveries topped 80 jets in November, sources say
Business
France’s LightOn targets secure AI growth in Europe and Middle East
Tavares clashed with Stellantis board over revival plan, sources say
Date: December 3, 2024
By Giulio Piovaccari and Alessandro Parodi MILAN (Reuters) – Outgoing CEO Carlos Tavares clashed with Stellantis’ board over his plans to quickly turn around the ailing U.S. business by cutting costs, rather than focusing on long-term strategy, investors and bankers familiar with the matter said on Monday. Shares in the Jeep, Fiat and Peugeot manufacturer...
Factbox-How India says Volkswagen evaded $1.4 billion in import taxes
Date: December 2, 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...
AirBaltic stalls IPO until at least the first half of 2025
Date: December 2, 2024
By Joanna Plucinska LONDON (Reuters) -AirBaltic is pushing its planned initial public offering back to the first half of 2025 or later as its advisers suggest waiting for improved market conditions in the European sector. The Latvian airline, which had previously said it would consider an IPO in the second half of 2024, will instead...
Hapag-Lloyd expects lower profitability in fourth quarter
Date: December 2, 2024
(Reuters) – Hapag-Lloyd expects lower profitability in the fourth quarter but still at a “good level”, after freight rates peaked in the third quarter, Rolf Habben Jansen, the CEO of the German shipping company, said at a press conference on Monday. Habben Jansen also expects disruptions in the Red Sea linked to Houthi militants to...
Seeking higher margins, Stellantis CEO Tavares lost some core customers
Date: December 2, 2024
By Giulio Piovaccari, Alessandro Parodi and Inti Landauro MILAN (Reuters) – When 24-year-old Elena Aragon set out to buy a new car, she reviewed a range of no-frills brands in her home town of Cadiz, Spain, including Stellantis’ Fiat and Peugeot. In the end, she bought a Hyundai. “The basic models for Fiat and Peugeot...
Delivery Hero sees 100 million euro hit from making Spanish riders employees
Date: December 2, 2024
By Paolo Laudani (Reuters) -Delivery Hero will hire freelance riders at its Glovo unit in Spain as full-time employees, the food delivery firm said on Monday, warning of a 100 million euro ($105 million) hit to earnings and sending its shares down almost 10%. Between 2022 and 2023, Spain fined Glovo for not formally hiring...