Finance
VW proposes 10% pay cut to tackle crisis
FRANKFURT (Reuters) – Volkswagen has proposed to cut wages at its brand by 10% to tackle weak demand...
31st October, 2024
financial crisis
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Business
Outokumpu warns of worsening steel markets after Q3 profit beat
By Jagoda Darlak (Reuters) – Finnish stainless steel maker Outokumpu beat market expectations for it...
30th October, 2024
Business
BASF sees 2024 profit at lower end of range on weaker auto, agriculture demand
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -BASF on Wednesday predicted full-year earni...
30th October, 2024
Top Stories
GSK warns of lower 2024 vaccine sales after weaker RSV, shingles demand
By Yadarisa Shabong and Maggie Fick (Reuters) – GSK on Wednesday said its vaccine sales would fall t...
30th October, 2024
Banking
Raiffeisen cuts return on equity guidance due to Polish mortgage loans provisions
(Reuters) -Austria’s Raiffeisen Bank International (RBI) has cut its return on equity (ROE) guidance...
30th October, 2024
Business
Ford shares drop as supply snags and costs hurt profit forecast
By Nathan Gomes (Reuters) – Ford Motor shares fell as much as 10.4% on Tuesday after the automaker t...
30th October, 2024
Investing
Finnair tightens annual operating profit outlook, shares skid
(Reuters) -Finnair, Finland’s national carrier, tightened its annual operating profit forecast range...
29th October, 2024
Business
Steelmaker Acerinox expects weak demand to persist into fourth quarter
By Javi West Larrañaga and Jesus Calero (Reuters) -Spanish steelmaker Acerinox posted a sharp drop i...
29th October, 2024
Trading
Swedish economy in recession, preliminary data shows
STOCKHOLM (Reuters) – Sweden’s economy entered a technical recession in the third quarter as gross d...
29th October, 2024
Finance
Covestro trims 2024 profit target again in a tough economy
(Reuters) -German chemicals maker Covestro lowered the upper end of its full-year core profit foreca...
29th October, 2024
Top Stories
Soccer-Manchester United sack manager Ten Hag after woeful start to the season
By Lori Ewing MANCHESTER, England (Reuters) -Manchester United have sacked manager Erik ten Hag afte...
28th October, 2024
Banking
Europe’s banking union is crucial for merger push, says German banks group head
By Maria Martinez WASHINGTON (Reuters) – Progress on European banking union is vital to policymakers...
28th October, 2024