business
Business
Japan’s MUFG hires Raphael Charon to grow direct lending business in EMEA
Business
Toyota to post first profit drop in 2 years as demand cools after big run
Business
Shein’s European entity reports 68% sales growth in 2023
Business
KPMG to lay off less than 4% of US audit workforce, source says
China EV price deal needs be as effective as tariffs, says EU official
Date: November 4, 2024
BRUSSELS (Reuters) – Any agreement reached with Chinese producers on minimum prices for electric vehicles would need to be as effective and enforceable as the EU tariffs that were imposed last week, the likely future European Union trade chief said on Monday. The EU increased tariffs on Chinese-built EVs to as much as 45.3% last...
UK lawmakers could question Shein over workers’ rights early next year
Date: November 4, 2024
LONDON (Reuters) -British lawmakers could question executives of online fast-fashion group Shein on workers’ rights as early as January, ahead of a possible London listing, according to the head of a parliamentary committee. The House of Commons’ Business and Trade Committee last week opened an inquiry into employment rights. It plans to examine the new...
China’s Sinopec signs agreement for 15-yr LNG deal with TotalEnergies
Date: November 4, 2024
(Reuters) – China’s state oil and gas major Sinopec Corp said on Monday it has signed Heads of Agreement to buy from TotalEnergies two million metric tons of liquefied natural gas a year for 15 yrs starting 2028. The deal, signed in Shanghai at the China International Import Expo, is a step forward from a...
Mideast tensions top risk facing energy markets, says BP CEO
Date: November 4, 2024
ABU DHABI – Tension in the Middle East is the top risk facing energy markets, BP CEO Murray Auchincloss told an industry event in Abu Dhabi. Auchincloss also said that the world will require a lot of new investment in oil and gas in order to maintain supplies, regardless of a possible settling of demand...
Prysmian signs deal with TechnipFMC for floating offshore wind facilities
Date: November 4, 2024
(Reuters) – Italy’s Prysmian and Britain’s TechnipFMC signed an agreement to strengthen the development of floating offshore wind facilities, the companies said on Monday. The aim of the tie-up is to pioneer a subsea water column solution “from seabed to ocean surface”, combining TechnipFMS’s design and integration capacities with Prysmian’s submarine power cable systems, the...
Burberry shares jump on Moncler bid report
Date: November 4, 2024
(Reuters) -Burberry shares rose as much as 8% on Monday after a media report said Italian luxury outerwear maker Moncler was considering a bid for the British luxury retailer. Moncler, known for its puffer jackets, on Sunday, said it would not comment on “unsubstantiated rumours” of a possible deal between the two luxury brands. Burberry,...