financial-sector
Top StoriesSpain’s October Jobless Rises by 1.04% From September to 2.60 Million
BusinessKpmg to Lay Off Less Than 4% of US Audit Workforce, Source Says
BankingSantander CEO Says More Than 1,400 UK Bank Jobs Being Cut
BusinessGerman Metal, Electric Industries Plan Tuesday Strikes Over Wage Row, Union Says
Accor Adjusts Guidance as It Sees Strong Demand at Luxury Hotels
Date: October 25, 2024
By Marta Maciag and Nathan Vifflin (Reuters) -Accor, Europe’s largest hotel group by portfolio, on Thursday raised the bottom end of its forecast range for 2024 core profit on strong demand for its luxury hotels. The French group, however, said China was weak, echoing other big hotel groups that are seeing declining demand there....
Tesla to Give Permanent Jobs to 500 Temporary Staff at German Gigafactory
Date: October 11, 2024
FRANKFURT (Reuters) -Tesla on Thursday said it would give permanent jobs from Nov. 1 to 500 temporary workers at its German gigafactory near Berlin, in what the U.S. electric carmaker called an “optimistic assessment of the further development of e-car production”. Gruenheide, Tesla’s only European gigafactory, employs around 12,000 staff. Tesla said that at...
Britain Outlines Details of Closely Watched Workers’ Rights Plan
Date: October 10, 2024
LONDON (Reuters) -Britain’s Labour government set out its plans on Thursday for the biggest change to employment law in a generation, including plans to end fire-and-rehire practices and increase sick pay. The Employment Rights Bill was generally welcomed by trade unions, who traditionally fund the Labour Party, as well as business lobby groups and the...
More Haste, Less Speed – Completing Deals Against the Clock
Date: October 7, 2024
By Claire Van der Zant, Chief Growth Officer, Shieldpay The last few years have seen interest rates peak and inflation climb as geopolitical and macroeconomic uncertainties have weighed on markets and the financial sector around the world. While uncertainty still abounds, there has been some uptick in confidence, with data indicating merger and acquisition activity...
The Role of Effective KYC in Strengthening Customer Trust and Protecting Business Reputation
Date: September 30, 2024
Know Your Customer (KYC) practices are fundamental to establishing and maintaining trust between businesses and their customers. At its core, KYC involves verifying the identity of customers to prevent fraud, money laundering, and other illicit activities. By implementing effective KYC procedures, businesses demonstrate their commitment to security and integrity, which significantly enhances customer trust. Customers...
Northvolt to Axe 1,600 Jobs as Europe’s Ev Hopes Stall
Date: September 24, 2024
By Marie Mannes STOCKHOLM (Reuters) – Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its global workforce, as Europe’s biggest hope in the electric vehicle battery market struggles with production problems, sluggish demand and competition from China. The leader in efforts to build a European automotive...