Business
Business
Banco Bpm Board Member Says UniCredit Bid Is Hostile, Ansa Reports
Business
European Automakers Fall as Trump Pledges Tariffs
Business
Caterer Compass Group Forecasts Slower-Than-Expected Growth in 2025 Profit
Business
Adani Green Energy Says No Talks on New Financial Commitment With TotalEnergies
Factbox-Companies That Might Be Affected by Trump’s Promised Tariffs
Date: November 26, 2024
(Reuters) -President-elect Donald Trump on Monday pledged tariffs on the United States’ three largest trading partners – Canada, Mexico and China – detailing how he will implement campaign promises that could trigger trade wars. Here are companies with a manufacturing presence in Mexico. ASIAN AUTOMAKERS Honda Motor sends 80% of its production in Mexico to...
Brazil Meatpackers Halt Supply to Carrefour Local Unit as CEO Faces Backlash
Date: November 26, 2024
SAO PAULO (Reuters) -Brazilian meatpackers have stopped supplying the Carrefour group in Brazil, its local unit said on Monday, after the retailer’s global CEO vowed to keep South American meat off its shelves in France, sparking backlash from meat producers. Unfortunately, the decision to suspend meat supply impacts our customers, especially those who trust us...
UK’s Reeves Vows No Repeat of Budget Tax Rises After Employers’ Warning
Date: November 25, 2024
By Alistair Smout and David Milliken LONDON (Reuters) -British finance minister Rachel Reeves on Monday said she would never have to repeat the tax hikes of her first budget, an attempt to reassure businesses that were caught off-guard by a 25 billion-pound ($31 billion) tax rise. The Confederation of British Industry said a survey of...
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...