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Adani Green Energy says no talks on new financial commitment with TotalEnergies
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Factbox-Companies that might be affected by Trump’s promised tariffs
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Brazil meatpackers halt supply to Carrefour local unit as CEO faces backlash
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UK’s Reeves vows no repeat of budget tax rises after employers’ warning
Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeup
Date: November 25, 2024
By Tom Käckenhoff and Friederike Heine DUESSELDORF (Reuters) -Thyssenkrupp’s steel business plans to cut some 40% of its workforce over the coming years, it announced on Monday in the latest painful overhaul of a German industrial giant, with workers promising fierce resistance. Germany’s largest steelmaker, a division of Thyssenkrupp AG, is under pressure from cheaper...
EU says Bluesky is violating information disclosure rules
Date: November 25, 2024
BRUSSELS (Reuters) – Bluesky, the rapidly growing social media platform, is violating EU regulations by failing to disclose important details, a European Commission spokesperson told reporters during a daily briefing on Monday. “All platforms in the EU even the smallest ones which are below the threshold, which is the case for Bluesky, have to have a...
B&Q owner Kingfisher well stocked for Christmas as early shipping pays off
Date: November 25, 2024
By James Davey LONDON (Reuters) – B&Q and Castorama owner Kingfisher said it was well stocked with Christmas products, thanks to a strategy of building up inventory early to mitigate the risk of supply chain disruption. European retailers have faced a year of disruption from the Red Sea shipping crisis, with ongoing Houthi rebel attacks...
UK employers warn tax rise will hit investment and pay
Date: November 25, 2024
By David Milliken LONDON (Reuters) –British employers have been caught off guard by a 25 billion-pound ($31 billion) tax rise at last month’s budget and plan to cut training, investment and jobs in response, a leading employers group said on Monday. The Confederation of British Industry said a survey of its members showed 61% viewed...
EU challenges Chinese brandy tariffs at WTO
Date: November 25, 2024
BRUSSELS/BEIJING (Reuters) -The EU Commission said on Monday it had formally brought the provisional anti-dumping measures imposed by China on imports of EU brandy to the World Trade Organization, the latest development amid trade tensions between the two blocs. France’s trade ministry said last month it would work with the European Commission to challenge Beijing’s...
TotalEnergies pauses business with Adani, says it was not aware of US investigation
Date: November 25, 2024
By America Hernandez PARIS (Reuters) -French oil major TotalEnergies SE was not informed of a U.S. investigation into possible bribery and corruption at Adani Green Energy Limited, it said on Monday, adding it will stop financial contributions to investments with Adani Group companies following last week’s U.S. federal indictment. Until such time when the accusations...