business
Business
Samsung Electronics changes chip chiefs after Chairman Lee confronts ‘crisis’
Business
Thyssenkrupp lacks detailed plan for 11,000 steel unit job cuts, Handelsblatt reports
Business
Polish utility PGE posts lower Q3 net profit dragged by coal segment
Business
Hyundai Motor to buy back $716 million worth of shares
HP forecasts Q1 profit below estimates on sluggish demand in PC market
Date: November 27, 2024
By Priyanka G (Reuters) -HP forecast its first-quarter profit below Wall Street expectations on Tuesday, signaling persistent choppy demand in the personal computers market and sending the company’s shares down 8% in extended trading. Traditional PC makers have been grappling with soft demand following a boom during the pandemic. AI-powered PCs are also yet to...
Stellantis to shut Vauxhall van plant in Britain
Date: November 27, 2024
LONDON (Reuters) – Stellantis plans to shut its Vauxhall van factory in southern England, putting more than 1,000 jobs at risk as it joins rival automakers in scaling back operations in a difficult trading environment. The company, which also owns the Peugeot, Citroën, Chrysler and Fiat brands, said on Tuesday it would consolidate its British...
ArcelorMittal wins UK bid to put Liberty Steel subsidiary into administration over unpaid debt
Date: November 27, 2024
LONDON (Reuters) – ArcelorMittal won a bid on Tuesday to put a subsidiary of Liberty Steel, owned by commodities tycoon Sanjeev Gupta, into administration due to a 140 million euro ($147.4 million) debt which a London court found was unlikely to be paid. ArcelorMittal, the world’s second-largest steelmaker, sued Liberty Steel East Europe (Holdco) Ltd...
Analysis-How Trump’s Mexico tariffs could hurt Europe’s auto industry
Date: November 27, 2024
By Nick Carey LONDON (Reuters) – Donald Trump’s pledge to slap tariffs on imports to the U.S. from Mexico could be more damaging for European car makers like Volkswagen and Stellantis and their suppliers than any direct tariffs on EU goods, according to data, analysts and experts. U.S. president-elect Trump said he would impose a...
UK to offer mental health support to grow ailing workforce
Date: November 26, 2024
LONDON (Reuters) -Prime Minister Keir Starmer announced plans to get Britain’s ailing workforce back into jobs on Tuesday with better support for mental health and finding work, but the government delayed a consultation on reforming welfare to encourage people into work. Mental health support will target geographic areas with high rates of labour market inactivity...
Carrefour eases Brazil tensions after CEO’s meat snub
Date: November 26, 2024
By Dominique Vidalon and Gabriel Araujo PARIS/SAO PAULO (Reuters) -Carrefour apologised on Tuesday after its CEO Alexandre Bompard’s criticism of South American meat last week angered Brazilian companies and caused suppliers to cut beef deliveries to the food retailer’s Brazilian subsidiary. The Brazilian unit, which operates Carrefour, Atacadao and Sam’s Club stores, said beef deliveries...