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Deloitte explores future challenges and opportunities facing family enterprises in the United Arab Emirates
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Volkswagen strikes below-inflation wage deal, continues German trend
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Italy’s A2A trims green investment plan citing economy, volatile markets
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Britain’s Halfords targets retirees in recruitment drive
Glencore to sell Australian copper mine to SPAC for $1.1 billion
Date: November 23, 2022
(Reuters) – Glencore said on Wednesday that blank-check firm Metal Acquisition Corp (MAC) agreed to an amended agreement to buy the global miner’s Cobar copper mine in Australia in a deal valued at $1.1 billion. Glencore said the terms include Glencore receiving $1.1 billion, as originally agreed in a March deal, but with amended payment...
German residential property market faces risk of price drop – DIW study
Date: November 23, 2022
BERLIN (Reuters) – The German residential property market faces a growing risk of price corrections, the DIW research institute said in a study released on Wednesday. “We are not facing the bursting of a huge real estate price bubble in Germany,” the report’s co-author Konstantin Kholodilin said. “But price drops of up to 10% for...
HP to cut about 12% jobs by end of fiscal 2025
Date: November 23, 2022
(Reuters) -HP Inc said on Tuesday it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce, at a time when sales of personal computers and laptops are sliding as shoppers tighten budgets. The PC maker also forecast a lower-than-expected profit for the first quarter...
Analysis-At World Cup, Saudi crown prince moves back on to global stage
Date: November 23, 2022
By Angus McDowall and Maya Gebeily DOHA (Reuters) – When Saudi Arabian Crown Prince Mohammed bin Salman took his seat next to the FIFA president at the World Cup opener in Qatar, it capped a remarkable turnabout in his fortunes – even before the Saudi team put a new feather in his cap by beating...
UK investigating Apple, Google mobile browser dominance
Date: November 23, 2022
By Paul Sandle and Pushkala Aripaka LONDON (Reuters) -Britain’s competition watchdog on Tuesday launched an in-depth investigation into the dominance of the mobile browsers of Apple and Google. Responses to a consultation it launched in June revealed “substantial support” for a fuller investigation into the matter and into whether iPhone-maker Apple restricts cloud gaming through...
UK says Baker Hughes-Altus deal may hurt competition in oil well services
Date: November 23, 2022
(Reuters) – Britain’s competition watchdog said on Tuesday U.S.-listed oilfield services firm Baker Hughes Co’s acquisition of Altus Intervention could reduce competition among UK oil and gas operators. The Competition and Markets Authority (CMA) said it was concerned that the loss of rivalry between the merging companies could lead to higher prices, reduced choice and...