BERLIN (Reuters) – Volkswagen’s unit sales fell 2.3% in 2024 to just over 9 million vehicles, the German automaker reported on Tuesday, as it struggles to cut costs at home and fight a price war in China, its biggest market. The company’s unit sales in Germany dipped 2.2%, while in China, it dropped 10% in …
Volkswagen deliveries drop in tough year at home and in China Read More »
By Tim Hepher DUBLIN (Reuters) -Saudi budget airline flyadeal is finalising a deal to order 10 Airbus A330neo jets in its first full-blown expansion into wide-body planes as the kingdom pursues a surge of spending on aviation, industry sources said on Tuesday. The low-cost subsidiary of state carrier Saudia is likely to announce the order …
Saudi flyadeal to order Airbus A330neo jets, sources say Read More »
LONDON (Reuters) -Britain on Tuesday banned imports of hams as well as many other meat and dairy products from Germany to try to prevent foot-and-mouth disease spreading to Britain after a case was confirmed on the outskirts of Berlin last week. The government said that while there were no cases of the livestock disease in …
UK bans imports of German hams after foot-and-mouth case Read More »
AMSTERDAM (Reuters) – Keen Venture Partners said on Tuesday it was raising 125 million euros ($128 million) for a fund focused on providing additional capital for growth to European defence startups. “The changed geopolitical landscape has created a crucial need for Europe to become more self-sufficient at defence and safety,” partner Alexander Ribbink of the …
Dutch VC firm Keen raising 125 million euros for European defence fund Read More »
MILAN (Reuters) – Pessimism about the economic outlook has increased among Italian businesses as worries about an international trade war weigh on sentiment, the Bank of Italy said in a survey published on Tuesday. U.S. President-elect Donald Trump has threatened to impose hefty tariffs on imports from Europe, China and other countries, stoking concerns over …
Italian firms gloomier on outlook amid trade war fears, central bank survey shows Read More »
(Reuters) – Shares of Spanish residential real estate developers were partly recovering on Tuesday after a government plan to raise taxes on housing had prompted a selloff the day before. Shares of Neinor Homes, Aedas Homes, Metrovacesa and Inmocemento all took a hit on Monday after Spanish Prime Minister Pedro Sanchez announced a plan to …
Spain’s housing shares inch up after selloff prompted by government measures Read More »
By Florence Tan and Siyi Liu SINGAPORE (Reuters) -Supertanker freight rates jumped after the U.S. expanded sanctions on Russia’s oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said. Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe …
Oil shipping rates surge after US sanctions hit availability Read More »
(Reuters) -The European Commission is reevaluating its probes into tech giants including Apple, Meta and Alphabet’s Google, the Financial Times reported on Tuesday. The tech giants have urged U.S. President-elect Trump to challenge European Union’s regulatory scrutiny against them. The implications of Trump’s presidency were a factor in the review, one source told the newspaper, …
EU reassesses tech probes into Apple, Google and Meta, FT reports Read More »
By Stefano Rebaudo (Reuters) – The British pound was poised to record a sixth consecutive day of decline against the dollar on Tuesday and hit a fresh 2-1/2-month low versus the euro as concerns about Britain’s fiscal sustainability continued to weigh. Heavy government bond supply has put pressure on British asset prices, while inflation concerns …
Sterling hits fresh 2-1/2-month low versus euro, falls against dollar Read More »
ROME (Reuters) – Italian industrial output was marginally stronger than expected in November, rising 0.3% from the month before, data showed on Tuesday, but the country’s manufacturing sector continues to struggle. In the three months to November output was down 0.4% compared with the June-August period, while on a work-day adjusted year-on-year basis, industrial production …
Italy industry output edges up in November but trend remains weak Read More »
