Business

Image for French supermarket group Auchan planning to cut more than 2,000 jobs, media reports say

Business

French Supermarket Group Auchan Planning to Cut More Than 2,000 Jobs, Media Reports Say

Image for Adecco expects improvement in US hiring after election

Business

Adecco Expects Improvement in US Hiring After Election

Image for DHL reports Q3 net income below expectations

Business

Dhl Reports Q3 Net Income Below Expectations

Image for French IT firm Atos agrees to sell Worldgrid unit to Alten

Business

French IT Firm Atos Agrees to Sell Worldgrid Unit to Alten

Image for Japan’s MUFG hires Raphael Charon to grow direct lending business in EMEA

Japan’s Mufg Hires Raphael Charon to Grow Direct Lending Business in EMEA

Date: November 5, 2024

LONDON (Reuters) – Mitsubishi UFJ Financial Group (MUFG) has appointed former Fidelity International banker Raphael Charon as head of middle market direct lending for MUFG in Europe, the Middle East and Africa, the bank said on Tuesday, as it looks to expand in one of banking’s hottest areas, private credit. Charon will be tasked with...

Image for Toyota to post first profit drop in 2 years as demand cools after big run

Toyota to Post First Profit Drop in 2 Years as Demand Cools After Big Run

Date: November 5, 2024

By Daniel Leussink TOKYO (Reuters) – Toyota Motor is expected to post its first profit drop in two years when it reports second-quarter earnings on Wednesday, signalling cooling demand after a run of robust earnings helped by a consumer shift away from electric vehicles. The world’s largest automaker is nonetheless expected to deliver almost $8...

Image for Shein’s European entity reports 68% sales growth in 2023

Shein’s European Entity Reports 68% Sales Growth in 2023

Date: November 5, 2024

By Helen Reid LONDON (Reuters) -Sales by Shein’s Ireland-registered entity Infinite Styles Ecommerce Co grew 68% in 2023, hitting 7.684 billion euros ($8.36 billion), according to annual results published on Monday. Fast-fashion retailer Shein, which sells $4 tops and $8 dresses, has grown rapidly in the U.S., Europe and the UK and is working towards...

Image for KPMG to lay off less than 4% of US audit workforce, source says

Kpmg to Lay Off Less Than 4% of US Audit Workforce, Source Says

Date: November 5, 2024

(Reuters) -KPMG will lay off less than 4%, or about 330 people, of its audit workforce in the United States, a source familiar with the matter said on Monday. Besides KPMG, Ernst & Young, Deloitte, PricewaterhouseCoopers make up the Big Four of accounting firms. “The actions reflect our ongoing focus to align the size, shape...

Image for China EV price deal needs be as effective as tariffs, says EU official

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...

Image for UK lawmakers could question Shein over workers’ rights early next year

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...