financial crisis

Image for German economy grew less than expected in Q3, statistics office says
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German economy grew less than expected in Q3, statistics office says

By Maria Martinez BERLIN (Reuters) – Germany’s economy grew less than previously estimated in the th...

22nd November, 2024

Image for Northvolt goes from Europe battery promise to crisis
Business

Northvolt goes from Europe battery promise to crisis

STOCKHOLM (Reuters) – Sweden’s Northvolt said on Thursday it will seek U.S. Chapter 11 bankruptcy pr...

22nd November, 2024

Image for VW union proposes $1.6 billion of cuts, but no plant closures
Business

VW union proposes $1.6 billion of cuts, but no plant closures

By Victoria Waldersee and Christina Amann BERLIN/WOLFSBURG (Reuters) -Volkswagen workers offered on...

21st November, 2024

Image for Insolvencies in Germany up 22.9% year-on-year in October
Finance

Insolvencies in Germany up 22.9% year-on-year in October

BERLIN (Reuters) – The number of insolvencies in Germany rose by 22.9% in October on the previous ye...

21st November, 2024

Image for UK’s JD Sports says discounting, cautious consumer to dent profit
Business

UK’s JD Sports says discounting, cautious consumer to dent profit

LONDON (Reuters) -British sportswear retailer JD Sports Fashion warned annual profit would come in a...

21st November, 2024

Image for German tax revenue rose by 8.2% in October, finance ministry says
Finance

German tax revenue rose by 8.2% in October, finance ministry says

By Maria Martinez BERLIN (Reuters) – Germany’s federal and state governments’ tax revenue rose 8.2%...

21st November, 2024

Image for Elf Beauty stock slides after Muddy Waters says it has shorted its shares
Business

Elf Beauty stock slides after Muddy Waters says it has shorted its shares

By Nell Mackenzie LONDON (Reuters) – Muddy Waters has taken a short position in cosmetics company El...

21st November, 2024

Image for Northvolt appoints restructuring expert to oversee main battery plant
Uncategorized

Northvolt appoints restructuring expert to oversee main battery plant

COPENHAGEN (Reuters) – Northvolt has appointed restructuring expert Paul O’Donnell to oversee the li...

20th November, 2024

Image for Ford to cut European jobs as EV shift, Chinese rivals take toll
Uncategorized

Ford to cut European jobs as EV shift, Chinese rivals take toll

By Nick Carey and Tom Käckenhoff LONDON/COLOGNE (Reuters) – Ford said it would cut around 14% of its...

20th November, 2024

Image for Ford to cut 14% of European jobs, blaming EV shift challenge, Chinese rivals
Business

Ford to cut 14% of European jobs, blaming EV shift challenge, Chinese rivals

LONDON (Reuters) – Ford said on Wednesday it would cut around 14% of its European workforce, blaming...

20th November, 2024

Image for Ford to cut 14% of European jobs, blaming EV shift and rising competition
Business

Ford to cut 14% of European jobs, blaming EV shift and rising competition

By Nick Carey LONDON (Reuters) – Ford said on Wednesday it would cut around 14% of its European work...

20th November, 2024

Image for Tereos warns of more trouble ahead after low sugar prices cut H1 results
Business

Tereos warns of more trouble ahead after low sugar prices cut H1 results

By Sybille de La Hamaide PARIS (Reuters) – French group Tereos, one of the world’s largest sugar mak...

20th November, 2024