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Sustainability takes back seat in auto industry sourcing decisions – survey
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Novo Nordisk launches weight-loss drug Wegovy in Britain
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Bosch expects sales in core mobility division to grow 10% in 2023
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Nestle divests peanut allergy business Palforzia
Oil inches higher on OPEC+ supply cut expectations
Date: September 4, 2023
Oil inches higher on OPEC+ supply cut expectations By Mohi Narayan NEW DELHI (Reuters) – Oil prices edged higher on Monday, supported by expectations that major producers will keep supplies tight, and growing hopes that the Federal Reserve will leave interest unchanged to avoid dampening the U.S. economy. Brent crude November futures was up 3...
Mercedes boss: EV costs will remain higher for foreseeable future
Date: September 4, 2023
Mercedes boss: EV costs will remain higher for foreseeable future MUNICH (Reuters) – The variable costs for producing electric vehicles will remain higher compared to combustion engine models for the foreseeable future, the chief executive of Mercedes-Benz said on Sunday, adding this would continue to fuel intense competition. Ola Kaellenius’s comments come as Mercedes-Benz disclosed...
Czech Finance Ministry proposes 2024 state budget with $11.3 billion deficit
Date: September 1, 2023
Czech Finance Ministry proposes 2024 state budget with $11.3 billion deficit PRAGUE (Reuters) – The Czech Finance Ministry has proposed a 2024 central state budget with a 252 billion crown ($11.36 billion) deficit, according to a draft of the legislation sent to the government and released on Friday. The deficit is below this year’s target...
Cybercrime to cost Germany 206 billion euros in 2023 -survey
Date: September 1, 2023
Cybercrime to cost Germany 206 billion euros in 2023 -survey BERLIN (Reuters) -The theft of IT equipment and data, as well as digital and industrial espionage and sabotage, will cost Germany 206 billion euros ($224 billion) in 2023, German digital association Bitkom said on Friday. The damage will surpass the 200 billion euro mark for...
Why is Huawei’s new smartphone generating so much buzz?
Date: September 1, 2023
Why is Huawei’s new smartphone generating so much buzz? SHENZHEN, China (Reuters) -The surprise launch of the latest high-end smartphone from Chinese tech giant Huawei Technologies has triggered an international guessing game over what is inside it. The company, which has been heavily targeted by U.S. government restrictions, began selling its latest Mate 60 Pro...
UK statistics office revises up strength of post-COVID bounce back
Date: September 1, 2023
UK statistics office revises up strength of post-COVID bounce back By David Milliken LONDON (Reuters) -Britain’s statistics office has sharply revised up its estimate for the size of the economy at the end of 2021, suggesting its recovery from the COVID-19 pandemic may have been much closer to that of other big countries than previously...