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Inflation drives global firms eastward in Europe in search of cost savings
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Australia, Singapore sign ‘green economy’ pact
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Rio Tinto tempers annual iron ore shipments outlook as demand weakens
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UK’s Truss: ‘Sorry’ for the mistakes, but ‘I’m sticking around’
YouTube expands audio and podcast advertising for brands
Date: October 18, 2022
By Sheila Dang (Reuters) – Alphabet Inc’s YouTube will expand ways for advertisers to reach music and podcast listeners and viewers on connected televisions, the company said on Monday. The announcements come as the advertising industry has struggled amid record-high inflation and supply-chain disruptions, which have caused some brands to pull back on marketing budgets....
Visa, Mastercard under fresh FTC investigation over debit card routing – WSJ
Date: October 18, 2022
(Reuters) – The U.S. Federal Trade Commission is investigating whether Visa Inc and Mastercard Inc’s security tokens restrict debit card routing competition on online payments, the Wall Street Journal reported on Monday, citing people familiar with the matter. The credit card giants are already being probed by the Commission for allegedly blocking merchants from routing...
Goldman plans major reorganization to combine key units -sources
Date: October 18, 2022
By Pamela Barbaglia, Saeed Azhar and Lananh Nguyen LONDON/NEW YORK (Reuters) – Goldman Sachs is planning a major reorganization to combine its biggest businesses into three divisions with its investment banking and trading businesses being merged into a single unit, two people familiar with the matter told Reuters. The plans are expected to be announced...
France fined over air pollution again
Date: October 18, 2022
PARIS (Reuters) -France’s highest administrative court on Monday ordered the state to pay two new 10-million-euro ($9.75 million) fines for failing to improve air quality in major cities. The penalties came on top of another 10 million euro fine from the same court for the same reason back in 2021. They also came five years...
Mercedes-Benz in preliminary offshore wind deal for electricity from 2027
Date: October 18, 2022
BERLIN (Reuters) – Mercedes-Benz has struck a preliminary agreement with an offshore wind provider to supply electricity equivalent to 25% of its demand in Germany from 2027 onwards, a spokesperson for the carmaker said on Monday. The energy provider, which the spokesperson declined to name, will reserve the energy for Mercedes-Benz from an offshore wind...
Stellantis CEO calls for talks to soften EU’s 2035 fossil-fuel car ban
Date: October 17, 2022
By Gilles Guillaume PARIS (Reuters) – The European Union’s proposed 2035 ban on fossil-fuel cars should be renegotiated to give hybrid models a greater role in the transition to zero-emission vehicles, Stellantis chief executive Carlos Tavares said on Monday. “It’s essential,” Tavares said during a news conference at the Paris Motor Show, when asked if...