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Image for UK's FTSE 100 lags European peers as Rolls-Royce, Unilever weighFinance

UK's FTSE 100 Lags European Peers as Rolls-Royce, Unilever Weigh

Image for Spain's December services activity grows at fastest pace in 20 months, PMI showsFinance

Spain's December Services Activity Grows at Fastest Pace in 20 Months, PMI Shows

Image for German business associations pessimistic about 2025, IW saysBusiness

German Business Associations Pessimistic About 2025, Iw Says

Image for China revises up 2023 GDP to $17.73 trln, rules out impact on 2024 figureBusiness

China Revises up 2023 GDP to $17.73 Trln, Rules Out Impact on 2024 Figure

Image for UK insurer Aviva to shed up to 2,300 jobs in $4.65 billion Direct Line deal

UK Insurer Aviva to Shed up to 2,300 Jobs in $4.65 Billion Direct Line Deal

Date: December 23, 2024

By Chandini Monnappa and Lawrence White LONDON (Reuters) -British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday, creating the UK’s largest home and motor insurer. The deal, which was first announced earlier this...

Image for Factbox-Europe’s embattled auto sector plans plant closures and layoffs

Factbox-Europe’s Embattled Auto Sector Plans Plant Closures and Layoffs

Date: December 23, 2024

(Reuters) -Automotive companies across Europe have announced plant closures and big layoffs as they struggle with weak demand, high costs, competition from China and a slower-than-expected transition to electric vehicles. Below are layoffs and site closures announced in recent months, beginning with the latest: VOLKSWAGEN Europe’s top carmaker Volkswagen agreed a deal with unions on...

Image for UK business morale falls to 2024 low but pay growth strong, surveys show

UK Business Morale Falls to 2024 Low but Pay Growth Strong, Surveys Show

Date: December 23, 2024

LONDON (Reuters) – British business confidence fell to its lowest level of 2024 in December but employers were a bit more optimistic about the wider economy, according to a survey published on Monday, while separate data showed a pre-Christmas rise in hiring and pay. The Lloyds Bank Business Barometer measure of confidence among companies fell...

Image for Italy’s Banco BPM strikes deal with unions on 550 hirings, 1,100 early retirements

Italy’s Banco Bpm Strikes Deal With Unions on 550 Hirings, 1,100 Early Retirements

Date: December 20, 2024

MILAN (Reuters) – Italy’s Banco BPM has struck a deal with trade unions on 550 new hirings in exchange for 1,110 voluntary early retirements, the FABI banking sector union said on Thursday. (Reporting by Andrea Mandala, writing by Alvise Armellini, editing by Gavin Jones)...

Image for Labour shortages ease in Germany’s economy, survey shows

Labour Shortages Ease in Germany’s Economy, Survey Shows

Date: December 19, 2024

By Maria Martinez BERLIN (Reuters) -Fewer German companies are struggling to fill vacancies due to labour shortages than a year ago, the DIHK Chamber of Commerce and Industry said on Thursday, in what shows a resilient labour market that is starting to feel the impact of economic weakness. Germany, like industrialised countries around the world,...

Image for Behind a potential Honda and Nissan tie-up, the existential threat posed by Chinese EVs

Behind a Potential Honda and Nissan Tie-Up, the Existential Threat Posed by Chinese EVs

Date: December 19, 2024

By Kantaro Komiya, Yoshifumi Takemoto TOKYO (Reuters) -Some unions are born of necessity, others from convenience. In the case of Honda and Nissan’s potential merger, it is mostly defensive as Chinese rivals take the world by storm. While the challenge from China’s seemingly boundless EV expertise looms large for all traditional automakers, for Japan it...