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Thai finance minister says economy not good, with growth worsening
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Volkswagen may close Brussels factory as low EV demand hits Audi
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Global PC shipments rise in second quarter, Apple sees biggest jump, IDC says
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Exclusive-Fed considers rule tweak that could save biggest US banks billions in capital
Factbox-European companies cut jobs as economy sputters
Date: July 9, 2024
(Reuters) -Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain’s Sabadell is seeking 250 job cuts and 36 branch closures, its spokesperson...
Novo Nordisk shares down after analysis finds Lilly drug leads to better weight loss
Date: July 9, 2024
Novo Nordisk shares down after analysis finds Lilly drug leads to better weight loss LONDON (Reuters) – Shares in Novo Nordisk, maker of the wildly popular obesity drug Wegovy were down 1.1% on Tuesday after the publication of a data analysis showing rival Eli Lilly’s own treatment Mounjaro leads to faster and greater weight loss....
Porsche AG reports sharp fall in China deliveries
Date: July 9, 2024
Porsche AG reports sharp fall in China deliveries (Reuters) -German sportscar maker Porsche said on Tuesday that global vehicle deliveries were down 7% in the first half of the year compared to the same period in 2023, primarily driven by a 33% year-on-year drop in China. Porsche, majority-owned by Volkswagen , is highly exposed to...
UK’s Capita surges about 23% on sale of software business
Date: July 9, 2024
UK’s Capita surges about 23% on sale of software business (Reuters) -Shares in Capita jumped nearly 23% in early trading on Tuesday after the British outsourcing firm agreed to sell its standalone software business Capita One to a unit of MRI Software in a deal worth 200 million pounds ($256 million). Capita said it expects...
Germany needs $325 billion of power grid investments by 2050, KfW says
Date: July 9, 2024
Germany needs $325 billion of power grid investments by 2050, KfW says FRANKFURT (Reuters) – Germany needs investments of around 300 billion euros ($325 billion) by the middle of the century to equip its power grids for decarbonisation, state bank KfW said on Tuesday. “The necessary expansion of renewable energies makes suitable and flexible transmission...
Stellantis to expand hybrid vehicle line to meet growing demand
Date: July 9, 2024
Stellantis to expand hybrid vehicle line to meet growing demand PARIS (Reuters) – Stellantis said on Tuesday it would expand its line of affordable hybrid vehicles to 36 models in Europe by 2026, to meet growing demand for this engine type, an alternative to petrol-fuelled cars and electric vehicles. The American-French-Italian automaker, created from the...