By Tina Bellon AUSTIN, Texas (Reuters) – DHL Supply Chain has placed a U.S. order for 100 trucks equipped with TuSimple’s self-driving technology and manufactured by Navistar to further expand its understanding of driverless trucks in its supply chain. DHL, a subsidiary of Deutsche Post AG, in a statement said that while the partnership was …
DHL orders 100 self-driving U.S. trucks from TuSimple and Navistar Read More »
LONDON (Reuters) – The Bank of England raised its main interest rate to 0.25% on Thursday as inflation pressures mounted in Britain. Most economists polled by Reuters had expected the BoE to keep Bank Rate at 0.1% due to a new surge in coronavirus cases. (Reporting by David Milliken and Andy Bruce; Writing by William …
(Corrects to reflect Finablr’s shares were suspended, not delisted) LONDON (Reuters) – Troubled payments company Finablr has been told it cannot delist from the London Stock Exchange without a vote by its shareholders, Britain’s Financial Conduct Authority (FCA) said on Thursday. Finablr was bought by a Middle Eastern consortium and rebranded as WizzFinancial to create …
Rescued payments firm Finablr cannot delist in London -FCA Read More »
BERLIN (Reuters) – Volkswagen expects to produce even fewer cars in 2022 than this year due to ongoing semiconductor supply troubles, Manager Magazin reported on Thursday, citing people familiar with the matter. The carmaker, which reduced its forecast for 2021 vehicle deliveries last week to 9 million from 9.3 million, is preparing for the possibility …
Volkswagen to produce even fewer cars in 2022 than this year – Manager Magazin Read More »
By Muhammed Husain (Reuters) – British oil services firm Petrofac said on Thursday it had won new contracts worth $1.5 billion in the second half of the year while flagging lower annual revenue on weakness at its largest division. Petrofac reached a settlement with Britain’s Serious Fraud Office (SFO) in September after a four-year investigation, …
UK’s Petrofac sees outlook improving as it rebuilds Read More »
By James Davey LONDON (Reuters) – British online fashion retailer Boohoo on Thursday warned on annual profit for the second time in four months, blaming a spike in product return rates, disruption to international deliveries and higher inbound freight costs. It said the new Omicron coronavirus variant could pose further demand uncertainty and elevated returns …
Britain’s Boohoo warns on profit as Christmas partywear loses its sparkle Read More »
ROME (Reuters) – Two of Italy’s largest trade unions staged a one-day general strike on Thursday to protest against the government’s economic and budget policies, urging more help for lower-paid workers. The stoppage is a direct challenge to Prime Minister Mario Draghi’s unity coalition, but it has split the labour movement, with the country’s second …
Two Italian unions stage general strike in defiance of Draghi Read More »
By Foo Yun Chee LUXEMBOURG (Reuters) -Italian carmaker Fiat Chrysler need not pay 30 million euros ($33.95 million) in back taxes to Luxembourg, an adviser to Europe’s top court said on Thursday. The Fiat case was part of European Competition Commissioner Margrethe Vestager’s crackdown on sweetheart deals between European Union countries and multinationals, the most …
Italy’s Fiat need not pay $30 million in back taxes, EU court adviser says Read More »
LONDON (Reuters) -British restaurants reported the lowest number of diners last week since COVID-19 restrictions eased in May, amid a surge in cases of the Omicron variant of the coronavirus, data showed on Thursday. The average number of seated diners in the week to Dec. 13 was 2% above its level in the equivalent week …
UK restaurants report fewest diners since COVID-19 rules eased Read More »
LONDON (Reuters) – The spread of the Omicron variant of coronavirus has hammered British hospitality and travel companies this month, sending private sector growth to a 10-month low, a survey showed ahead of Thursday’s Bank of England policy announcement. The preliminary “flash” IHS Markit/CIPS UK Composite Purchasing Managers’ Index (PMI) sank to 53.2 in December …
Omicron hits UK businesses hard in December – PMI Read More »
