Business
Business
German Retail Sales Fall More Than Expected in October
Business
Sabadell Picks Marc Armengol to Replace Robin Bulloch as TSB’s CEO
Business
Hot Wheels, G.I. Joes Aplenty on Shein, Temu Amid Worry Over Fake Products
Business
Huawei Sees Excitement for Mate 70 Phone Wane, Analysts Say
UK Budget Shows Government Doesn’t Understand Business, Says Retail Veteran
Date: November 28, 2024
LONDON (Reuters) – Britain’s tax raising budget shows the government does not understand business and it will drive prices higher, restrict pay and curtail investment, one of the country’s most experienced retail veterans said on Thursday. Criticism of finance minister Rachel Reeves’ Oct. 30 budget has been intense, particularly from business after she tapped companies...
UK’s Ocado Says Partner Morrisons to End Deliveries From Erith Site
Date: November 28, 2024
LONDON (Reuters) -Supermarket group Morrisons will gradually end deliveries from Ocado’s automated warehouse in Erith, southeast England, and instead increasingly use the online grocer’s site in Dordon, central England, Ocado Group said on Thursday. Ocado said Morrisons, a partner since 2013, would also fulfil more online orders from its store network using Ocado technology. The...
Asml and Peers Climb on Hopes for Less Severe US Curbs on China Chips
Date: November 28, 2024
(Reuters) -Shares of ASML and its peers in the European computer chip equipment sector climbed on Thursday after Bloomberg News reported that looming U.S. restrictions on the Chinese semiconductor industry may be less severe than expected. Shares in ASML were up 4.3% by 0809 GMT, with Dutch rivals BE Semiconductor and ASM International rising by...
Australia’s Star Entertainment Shares Hit Record Low on Liquidity Concerns
Date: November 28, 2024
(Reuters) – Embattled casino operator Star Entertainment closed 7.1% lower on Thursday, hitting an all-time low of A$0.195, as it flagged challenging operating conditions, near-term liquidity challenges and deteriorating earnings. Australia’s No.2 casino operator has been in the eye of a perfect storm that has hit Australian casino operators for years, with Star and Blackstone-owned...
Nissan October Production Down Globally Except in Mexico, but Trump Tariff Threat Looms
Date: November 28, 2024
TOKYO (Reuters) – Nissan Motor said on Thursday its global production fell for a fifth straight month in October, led by downshifts at most of its manufacturing hubs except for Mexico. While global sales also dropped for a seventh month, sales in Nissan’s core market, the United States, grew for the first time in three...
Bjørn Sibbern to Become CEO of Six Group From 2025
Date: November 28, 2024
ZURICH (Reuters) – Bjørn Sibbern will take over as CEO of SIX Group from Jan. 1, 2025, succeeding Jos Dijsselhof, the Swiss stock exchange operator said on Thursday. Sibbern, a Dane, has since the beginning of 2024 been leading the international exchange business of SIX as global head of exchanges and a member of the...