BERLIN (Reuters) – German automaker Audi is looking to shrink its workforce in the medium term by cutting jobs outside of production, with thousands of positions at risk, the Manager Magazin reported on Thursday. The job cuts are to focus on so-called indirect jobs at the company, such as in the area of development, where …
Audi plans thousands of job cuts outside production, report says Read More »
By Terje Solsvik and Gwladys Fouche OSLO (Reuters) -Norway’s central bank held its policy interest rate unchanged at a 16-year high of 4.50% on Thursday, as unanimously expected by analysts in a Reuters poll and reiterated that it will stay on hold until the end of the year. “The committee judges that a restrictive monetary …
Norway keeps interest rate at 16-year high, says restrictive policy needed Read More »
By Kate Abnett BRUSSELS (Reuters) – The European Union’s climate commissioner on Thursday reaffirmed EU plans to end sales of CO2-emitting cars in 2035 and tighten CO2 limits next year, after pressure from some governments and carmakers to reconsider the policies. The EU has passed a law to ban sales of new CO2-emitting cars from …
EU climate chief holds firm on CO2 deadlines for cars Read More »
MILAN (Reuters) – Amazon’s computing unit AWS on Thursday said it planned to invest 1.2 billion euros ($1.3 billion) in Italy over the next five years in a further expansion of its data centre business in the country. The plan was part of the tech giant’s effort to boost its cloud offer in Europe under …
Amazon to invest $1.3 billion in Italy data centre business Read More »
By Ozan Ergenay and Nathan Vifflin (Reuters) -Austrian semiconductor manufacturer ams OSRAM on Thursday forecast lower fourth quarter revenue due to uncertainty over global automotive demand and said it expects a weak first quarter in 2025 followed by a gradual recovery. Its shares, which have fallen 65.2% since the start of the year, were down …
Austria’s ams OSRAM expects lower Q4 revenue, weak 2025 start Read More »
By Giulio Piovaccari MILAN (Reuters) -Iveco Group said on Thursday it would accelerate plans to cut costs and improve efficiency as it reported a 12.6% decline in its third-quarter operating profit due to a decline in heavy duty truck and bus volumes in Europe. Shares in the company were up 6.7% by 1015 GMT, among …
Iveco to accelerate cost cutting plans as Q3 operating profit drops 13% Read More »
FRANKFURT (Reuters) – Euro zone retail sales grew unexpectedly quickly in September even after a large upward revision in the previous month’s data, adding to the case that private consumption is finally starting to increase, figures from Eurostat showed on Thursday. Retail sales grew by 0.5% on the month based on adjusted figures, above expectations …
Euro zone retail sales much stronger than expected, data shows Read More »
By James Davey LONDON (Reuters) – The boss of British supermarket Sainsbury’s said changes to national insurance made by the government in last week’s budget will add 140 million pounds ($181 million) to its tax bill next year and warned the move would be inflationary. Finance minister Rachel Reeves raised employers’ National Insurance, or social …
UK’s Sainsbury’s warns budget tax rises will be inflationary Read More »
By Anna Peverieri (Reuters) -ArcelorMittal, the world’s second-largest steelmaker, on Thursday reported third-quarter core profit above market expectations, as improvement in its Brazil business partly offset continued weakness in North America and Europe. Its shares were up 4.8% by 0844 GMT, on track for their biggest daily increase since December 2023 if the gains hold. …
ArcelorMittal tops core profit forecast despite ‘unsustainable’ China exports Read More »
By Gianluca Lo Nostro and Leo Marchandon (Reuters) -Dutch payments group Adyen’s shares fell nearly 10% on Thursday after its quarterly sales fell short of market expectations. Adyen said its third-quarter revenue on a constant-currency basis was 498.2 million euros ($535.32 million), up 21% from 413.6 million euros a year earlier. But it was below …
Adyen shares drop as revenue rise misses forecasts Read More »
