business
Business
Trade tariffs make it harder to keep prices low, IKEA executive says
Business
The Netherlands hosts the highest concentration of holding entities worldwide
Business
UK watchdog says supermarket loyalty scheme prices offer genuine savings
Business
Banco BPM boss warns of job losses in UniCredit deal
French consumer morale hits 5-month low as political crisis looms
Date: November 27, 2024
PARIS (Reuters) -French consumer confidence fell to a five-month low in November as households fretted over the outlook for the economy and the job market in the face of a looming political crisis, a survey showed on Wednesday. Statistics agency INSEE said its consumer confidence index fell to 90 from a downwardly-revised 93 in October,...
Leonardo to meet unions in December to discuss outlook for plant supplying Boeing
Date: November 27, 2024
MILAN, Italy (Reuters) – Italy’s Leonardo will meet with unions next month to discuss the outlook for one of its aerostructures plants, workers’ representatives told Reuters, as it explores options for a business mainly reliant on Boeing. The Grottaglie plant in the Puglia region manufactures two sections of Boeing’s 787 airplane and delays in the...
Standard Chartered mulls sale of wealth, retail operations in Africa
Date: November 27, 2024
(Reuters) -Standard Chartered is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday, as the banking giant restructures its operations in a bid to trim costs. The Asia-focussed lender, like rival HSBC, is shaking up its business to focus more on affluent individual customers...
Nokia gets new telecom contract from Deutsche Telekom, replacing Huawei
Date: November 27, 2024
STOCKHOLM (Reuters) -Nokia has signed a contract with Deutsche Telekom to roll out a mobile network using Open Radio Access Network (ORAN) in more than 3,000 sites in Germany, the Finnish telecom equipment maker said in a statement on Wednesday. The new deal formally marks Nokia’s return as a supplier to Europe’s largest network after...
Grifols shares tumble as Brookfield plans to drop takeover plan
Date: November 27, 2024
MADRID (Reuters) -Canadian fund Brookfield is planning to drop its plan to take over Spain’s Grifols, two sources close to the matter said on Wednesday, sending shares in the pharmaceutical firm down 10%. Grifols shares were down 10% in early morning trading, having fallen as low as 12% while the blue-chip index IBEX 35 was...
Galp drops plans to build Aurora lithium refinery in Portugal
Date: November 27, 2024
(Reuters) – Portuguese energy company Galp said late on Tuesday it has dropped its plan to build the Aurora lithium refinery after it failed to find a new partner to replace Northvolt, a Swedish maker of batteries for electric vehicles. Galp was left alone in early 2024, when Northvolt said it would not invest in...