By Ben Klayman (Reuters) – Automaker Stellantis’ Chrysler brand said on Wednesday it plans to shift to an all-electric lineup by 2028 and introduce new products, including a utility vehicle, as it moves forward, the North American brand’s chief executive said. Chrysler is scheduled to show the Airflow concept vehicle at the Consumer Electronics Show …
Stellantis’ Chrysler brand to go all electric by 2028 -executive Read More »
By Tangi Salaün PARIS (Reuters) -A French court ruled on Wednesday that families of victims of Depakine, an epilepsy drug that caused birth defects and learning difficulties when taken during pregnancy, could join a class action lawsuit against drugmaker Sanofi. Sanofi said it would appeal against the decision. “This is a great victory. This decision …
French court backs class action against Sanofi over Depakine drug Read More »
BERLIN (Reuters) -Germany’s cartel office said it was examining Google’s use of personal data and its Google News Showcase product under its new powers to regulate internet companies, and was also considering cases involving Amazon, Apple and Facebook owner Meta. The regulator said on Wednesday it had determined that Google’s owner Alphabet met the scale …
German cartel office steps up examination of Google products Read More »
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, outperformed its major rivals over Christmas, achieving its highest grocery market share since January 2018, industry data showed on Wednesday. Market researcher Kantar said Tesco’s grocery sales over the 12 weeks to Dec. 26 fell by 0.9% versus the same period in 2020, when several …
Britain’s Tesco outperforms rivals over Christmas Read More »
ZURICH (Reuters) – Swiss retail sales are set to drop 4.1% this year after pent-up demand during pandemic-hit 2021 dissipates and shoppers return to normal patterns of spending, Credit Suisse analysts said on Wednesday. The amount spent on food, which benefited from a closure of restaurants last year and limited competition from cross-border shopping in …
Swiss retail sales likely to drop in 2022 – Credit Suisse Read More »
LONDON (Reuters) – Andy Bond, the chief executive of the owner of British discount retailer Poundland, is to step down because of health reasons at the end of March, less than a year after leading a 5 billion euros ($5.7 billion) flotation of the business. Pepco Group, which also owns European discount retailer brands PEPCO …
Pepco CEO Andy Bond to step down due to health reasons Read More »
DUBLIN (Reuters) – Growth in Ireland’s service sector slowed sharply for the second successive month in December as firms reported that a rising wave of COVID-19 infections was dampening demand, a survey found on Wednesday. The AIB IHS Markit Purchasing Managers’ Index (PMI) dropped to 55.4 from 59.3 in November and 63.4 in October. The …
Irish services sector growth slows sharply again in Dec -PMI Read More »
LONDON (Reuters) – Britain’s government will listen to businesses and consumers on measures to abate rising energy bills, but a cut in sales tax on gas and electricity was a “blunt instrument”, Prime Minister Boris Johnson said on Tuesday. “We will continue to listen to businesses and consumers about how to abate the costs of …
Britain will consider measures to abate energy bills, UK’s Johnson says Read More »
LISBON (Reuters) – Portuguese pulp and paper producer Navigator said on Tuesday it would raise the price of its tissue products to offset what it described as an “unsustainable” spike in input costs from including energy to packaging materials. Navigator, which sells more than 80% of its products to 130 countries on five continents and …
Portugal’s Navigator hikes tissue prices to offset input costs Read More »
MILAN (Reuters) -Telecom Italia (TIM) is working with banks to draw up a new business plan that could involve spinning off assets as it studies options to help assess a buyout offer from U.S. fund KKR, two sources familiar with the matter said on Tuesday. Debt-laden TIM received a non-binding buyout approach from KKR in …
Telecom Italia working on new business plan as assesses KKR offer – sources Read More »
