business
Business
Adidas sees strong sales in China as it opens more stores
Business
European car safety agency snubs BYD’s Atto 3 driver assistance system
Business
Lufthansa reports 9% drop in third-quarter profit as core brand struggles
Business
Volkswagen eyes pay cuts to achieve majority of savings, reports Handelsblatt
Vans-owner VF Corp soars 22% as turnaround plan starts to pay off
Date: October 29, 2024
(Reuters) – Shares of Vans maker VF Corp surged 22% in premarket trading on Tuesday after turning a profit following two quarters of losses, prompting investors to bet on a faster-than-expected turnaround at the struggling apparel and footwear maker. The company is in midst of a business revamp under CEO Bracken Darrell that involves focusing...
Steelmaker Acerinox expects weak demand to persist into fourth quarter
Date: October 29, 2024
By Javi West Larrañaga and Jesus Calero (Reuters) -Spanish steelmaker Acerinox posted a sharp drop in third-quarter net profit on Tuesday as a result of a weak stainless steel market in Europe and North America that it said will likely continue through the fourth quarter. Its shares fell 4.1% by 0844 GMT, making them among...
Cruise operators reap benefits of their own private islands
Date: October 29, 2024
By Doyinsola Oladipo NEW YORK (Reuters) – Major cruise operators are steering their ships – and millions of dollars in investments – into their own private destinations packed with excursions, beaches, bars and restaurants. The phenomenon appears to have started with Royal Caribbean Group, which in 2019 opened “Perfect Day at CocoCay,” an amusement park-like...
BP profit slumps to near four-year low as oil demand sags
Date: October 29, 2024
By Ron Bousso LONDON (Reuters) – BP on Tuesday reported a 30% drop in third-quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results. The decline was smaller than expected amid a slowdown in global economic activity and oil demand, particularly in China,...
Ericsson signs 5G ORAN deal with Spain’s MasOrange
Date: October 29, 2024
By Supantha Mukherjee STOCKHOLM (Reuters) – Ericsson has signed a 5G deal with Spain’s largest telecoms operator, MasOrange, to upgrade its network using ORAN technologies, the Swedish company said on Tuesday, its first such deal in Europe after its contract with AT&T in the United States last year. Ericsson last year secured a $14 billion,...
More companies planning price hikes in Germany, survey finds
Date: October 29, 2024
BERLIN (Reuters) – Companies in Germany’s industrial, retail and corporate services sectors are planning more price increases, bringing inflation on track to rise to the European Central Bank’s 2% target, according to a survey published on Tuesday. Ifo’s price expectations index grew to 15.9 in October from 14.1 points in September, the economic institute...