Business
Finance
EU Approves 1.9 Billion Euro State Aid for Db Cargo, Subject to Restructuring Plan
Finance
BayWa Says It Is Possible to Reach Agreement on Documentation of Restructuring by End of 2027
Finance
Ukrainian Court Lifts Seizure in VEON's Corporate Rights in Kyivstar
Finance
Telefonica's Sale of Peruvian Fibre Network Falls Through
Trump’s Tariffs Could Cost Carmakers up to 17% of Combined Core Profits, S&P Says
Date: November 29, 2024
(Reuters) – European and American carmakers are set to lose up to 17% of their combined annual core profits if the U.S. imposes import tariffs on Europe, Mexico and Canada, S&P Global said in a report on Friday, warning of potential credit downgrades. Premium automakers Volvo and Jaguar Land Rover, who mostly produce in Europe,...
Britain Seeks Views on Including Shipping in Carbon Market From 2026
Date: November 29, 2024
LONDON (Reuters) – Britain has called for views on changes to its emissions trading system (ETS) that could see the shipping sector join its carbon market from 2026. Britain’s ETS is part of its wider efforts to meet climate targets and was launched in 2021 to replace its participation in the European Union’s ETS after...
Kixy & British Wrestling Pin Partnership to Empower Communities
Date: November 29, 2024
As part of its mission to empower customers across the UK and beyond to meet their financial needs while fostering a sense of community and connection, financial services platform Kixy has announced an exciting new partnership with British Wrestling Association (BWA). As part of this strategic collaboration, BWA has introduced Kixy as the exclusive financial...
European Asset Manager Amundi Targets India Debt With Two Recent Fund Launches
Date: November 29, 2024
By Dharamraj Dhutia MUMBAI (Reuters) – Amundi Investments, Europe’s largest asset management firm, plans to increase its exposure to Indian debt through its recently launched funds focusing on the country’s fixed income market, officials at the asset management firm said. To add to the dollar-denominated exchange-traded fund (ETF) launched in September, the fund house launched...
Strikes to Hit Volkswagen in December as Clash With Labour Escalates
Date: November 29, 2024
BERLIN (Reuters) -Workers at Volkswagen could go out on strike across Germany as soon as next week, the IG Metall union said in a notice on Friday, as a clash between labour and management over layoffs and plant closures escalates. “Strikes are possible and also necessary from the beginning of December,” IG Metall said in...
German Retail Sales Fall More Than Expected in October
Date: November 29, 2024
(Reuters) – German retail sales fell more than expected in October, decreasing by 1.5% compared with the previous month, data showed on Friday. Analysts polled by Reuters had predicted a 0.3% decrease. Compared to the same month in the previous year, the retail sector recorded an increase in sales of 1.0% in real terms. Food...