business
Business
UK supermarket Asda ‘lost the plot’ but is fixable, says chairman
Business
French wine output seen falling by a quarter due to adverse weather
Business
Italy retail sales rise 1.2% m/m in September
Business
IKEA reports higher profit despite revenue hit from price cuts
Exclusive-Stellantis, partner Leapmotor scrap plan to make second EV model in Poland, sources say
Date: November 9, 2024
SHANGHAI (Reuters) – Stellantis and its Chinese partner Leapmotor have scrapped a plan to make a second electric vehicle model at the European automaker’s plant in Poland, two people with knowledge of the matter told Reuters. The joint venture is instead considering using a Stellantis factory in Eisenach, Germany that produces Opel models and its...
Stellantis to lay off 400 workers at Detroit parts facility
Date: November 9, 2024
By Nora Eckert DETROIT (Reuters) -Stellantis added to its rising tally of layoffs on Friday, saying 400 workers at a Detroit automotive parts facility would indefinitely lose their jobs as the carmaker reduces costs in its struggling North American business. “As Stellantis navigates a transitional year, the focus is on realigning its U.S. operations to...
Richemont say US business in good position for growth
Date: November 9, 2024
ZURICH (Reuters) -Richemont’s U.S. business is in a good position to carry on growing now that uncertainty around this week’s presidential election is out of the way, Chief Financial Officer Burkhard Grund said on Friday. Still, it is too early to say how president-elect Donald Trump’s policies would affect demand for jewellery and watches in...
UK regulator flags concerns and remedies for sale of baby formula
Date: November 9, 2024
(Reuters) -Britain’s competition watchdog flagged concerns and potential solutions regarding the distribution of infant formulas on Friday, which could help improve the sector as well as reduce costs for parents. The Competition and Markets Authority’s (CMA) initial recommendations include providing parents clear and accurate information on the nutritional value of the formula and standardising its...
ASML hit with global IT outage that was resolved
Date: November 9, 2024
(Reuters) – Computer chip equipment maker ASML had a global IT systems outage on Friday, which has been resolved, a spokesperson for the company told Reuters. “All systems are fully recovered,” the company said, adding that the cause of the outage is currently being investigated. The outage, which caused some employees to work remotely, was...
Luxury shoemaker Manolo Blahnik enters China market after 22-year legal tussle
Date: November 8, 2024
By Casey Hall SHANGHAI (Reuters) – Manolo Blahnik, the high-end shoe brand with many celebrity fans and often worn in the TV hit “Sex and the City”, has opened its first store in mainland China after a 22-year battle over the legal right to use its name. In addition to the new boutique in Shanghai’s...