business
Business
Adidas reports strongest China sales since early 2022
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Poland’s Bank Millennium net profit jumps on lower FX loan provisions
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Chemicals maker Clariant cuts FY sales target, misses Q3 core profit view
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Thyssenkrupp CFO: Spin-off of marine division possible in 2026
QatarEnergy takes 50% stake in TotalEnergies solar project in Iraq
Date: October 29, 2024
DUBAI (Reuters) – QatarEnergy, one of the world’s top suppliers of liquefied natural gas, said on Monday it had agreed to take a 50% stake in TotalEnergies’ 1.25-gigawatt solar project in Iraq. The French energy giant will retain the remaining 50% stake in the project, which is part of Iraq’s $27 billion Gas Growth...
Volkswagen’s Traton reports higher sales in weak truck market
Date: October 29, 2024
(Reuters) -Volkswagen’s truck unit Traton on Monday reported a 3% rise in nine-month revenue amid subdued demand for commercial vehicles. Shares in Traton fell 1.3% by 1050 GMT. Sales stood at 35.3 billion euros ($38.10 billion) by the end of September, while profitability rose at its key Scania unit with a 14.4% return on...
German metal, electric industries plan Tuesday strikes over wage row, union says
Date: October 29, 2024
BERLIN (Reuters) – Workers in Germany’s electrical engineering and metal industries will launch strikes on Tuesday to put pressure on employers to increase their pay, according to a statement from the IG Metall union. Tuesday marks the end of a truce period accompanying collective bargaining negotiations, in which the union has said a proposed...
UK shoppers cut back on spending ahead of budget, CBI says
Date: October 29, 2024
LONDON (Reuters) – British retailers reported a fall in sales for October as consumers held off on spending ahead of this week’s budget announcement by finance minister Rachel Reeves, the Confederation of British Industry said on Monday. The CBI’s monthly retail sales survey – conducted between Sept. 26 and Oct. 15 – showed the...
Estee Lauder names insider Stéphane de La Faverie as new CEO, WSJ reports
Date: October 28, 2024
(Reuters) -Cosmetics giant Estee Lauder has picked senior executive Stéphane de La Faverie to take over as its CEO, the Wall Street Journal reported on Monday, citing people familiar with the matter. In August, the company said CEO Fabrizio Freda was retiring next year and would remain as an advisor to his successor in fiscal...
QatarEnergy takes 50% stake in TotalEnergies solar project in Iraq
Date: October 28, 2024
DUBAI (Reuters) – QatarEnergy, one of the world’s top suppliers of liquefied natural gas, said on Monday it had agreed to take a 50% stake in TotalEnergies’ 1.25-gigawatt solar project in Iraq. The French energy giant will retain the remaining 50% stake in the project, which is part of Iraq’s $27 billion Gas Growth Integrated...