business
Business
Switching off is hard to do – 29% hatch work plans on holiday
Business
Fonterra’s annual profit falls 25%; shares rise on dividend declaration
Business
Miniso shares slump on plans to buy stake in Yonghui Superstores
Business
Unilever CEO looking for first-ever global plastics treaty with “teeth”
Northvolt to axe 1,600 jobs as Europe’s EV hopes stall
Date: September 24, 2024
By Marie Mannes STOCKHOLM (Reuters) – Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its global workforce, as Europe’s biggest hope in the electric vehicle battery market struggles with production problems, sluggish demand and competition from China. The leader in efforts to build a European automotive...
Innovative Payment Solutions Boost Spend for Holiday Parks
Date: September 23, 2024
A damp summer may have dented the recent staycation trend for holiday parks but, having attracted a wider demographic and created year-round destinations, innovative ways to boost revenue in on-site holiday park facilities could be pivotal to keeping sales up in 2024.Integrated cash, token and card payment solutions will play a crucial role, explains Fivos...
Siemens to carve out EV charging business
Date: September 23, 2024
BERLIN (Reuters) – Siemens plans to carve out its electric vehicle (EV) charging business, Siemens eMobility, to open opportunities for more growth, the German conglomerate said on Monday. The carve-out will combine Siemens eMobility with recently acquired DC fast-charging solutions specialist Heliox, said Siemens. The new setup of eMobility will enable the business to...
Nike veteran Hill to replace Donahoe as CEO; shares jump
Date: September 20, 2024
By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president and CEO, as the sportswear giant shakes up its leadership amid efforts to revive sales and battle rising competition. The company’s shares rose 8% in after-hours trading. Hill...
Nike’s next CEO Hill brings a bootstraps mentality
Date: September 20, 2024
By Nicholas P. Brown (Reuters) – Elliott Hill started at Nike as an intern in 1988 but steadily scaled its ranks, banking on values of grit and hard work ingrained in him as the son of a single mom in a working class Texas neighborhood. Those qualities may be useful again when Hill becomes the...
Germany considering ways to support VW, economy minister says
Date: September 20, 2024
FRANKFURT/BERLIN (Reuters) -Germany’s government is considering ways to support Volkswagen, German economy minister and vice chancellor Robert Habeck said on Thursday, when asked about the threat of job cuts at the country’s largest carmaker. Volkswagen said this month it needed to cut costs significantly at its namesake brand in Germany, citing high costs, low...