Business
Finance
Cuban Leader Diaz-Canel Plays Down Impact of Trump's Election Victory
Finance
Insurer Direct Line Rejects Aviva's $4.16 Billion Takeover Bid
Business
Cfm Juggles Engine Supply in Boost to Airbus, Sources Say
Business
Trade Tariffs Make It Harder to Keep Prices Low, Ikea Executive Says
The Netherlands Hosts the Highest Concentration of Holding Entities Worldwide
Date: November 27, 2024
Amsterdam, 12 November 2024 – Small country, big numbers: The Netherlands has become a global hotspot for holding companies. Recent data from BoldData shows that the country hosts over 527,000 holding companies, the highest concentration worldwide. The USA ranks second with 375,079 holdings, followed by France with 240,673. The Netherlands’ favorable tax policies and central...
UK Watchdog Says Supermarket Loyalty Scheme Prices Offer Genuine Savings
Date: November 27, 2024
By James Davey LONDON (Reuters) -British supermarket prices offered through loyalty schemes provide genuine savings, the competition regulator ruled on Wednesday, providing a boost to the major players who are increasingly relying on them to attract shoppers. Loyalty schemes such as market leader Tesco’s “Clubcard Prices” and No. 2 Sainsbury’s “Nectar Prices” offer significantly lower...
Banco Bpm Boss Warns of Job Losses in UniCredit Deal
Date: November 27, 2024
MILAN (Reuters) -Italy’s Banco BPM, the target of an unsolicited all-share offer announced by UniCredit, should remain an independent bank, its CEO said in a letter to staff on Wednesday, warning of big job cuts if the deal went through. The UniCredit bid would entail over 6,000 job cuts in Banco BPM, CEO Giuseppe Castagna...
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...