By Sergio Goncalves LISBON (Reuters) – Portuguese energy company Galp is in no rush to make a final investment decision (FID) to build a battery-grade lithium refinery in Portugal amid challenging market conditions, CEO Filipe Silva said on Monday. A 50-50 joint venture between Galp – which earlier on Monday reported a 22% decline in …
Galp in no rush to invest in lithium refinery with Northvolt Read More »
BERLIN (Reuters) – Porsche AG staff at the German carmaker’s site in Stuttgart will join a wave of strikes in key German industries on Tuesday, said IG Metall union’s local branch, as part of national action planned to push for higher pay. The strikes will begin from 2 am (0100 GMT) on Tuesday with the …
Porsche staff to join wave of strikes in key German industries Read More »
(Reuters) -Cosmetics giant Estee Lauder has picked senior executive Stéphane de La Faverie to take over as its CEO, the Wall Street Journal reported on Monday, citing people familiar with the matter. In August, the company said CEO Fabrizio Freda was retiring next year and would remain as an advisor to his successor in fiscal …
Estee Lauder names insider Stéphane de La Faverie as new CEO, WSJ reports Read More »
By Shubham Batra and Nikhil Sharma (Reuters) -The UK’s benchmark FTSE 100 rose on Monday in a broader rally led by travel and leisure shares, as well as aerospace and defence stocks, though losses in commodity-linked companies restricted overall gains. The blue-chip FTSE 100 gained 0.43% by 1601 GMT, while the midcap FTSE 250 was …
London stocks rise amid broader gains, commodity shares limit climb Read More »
BERLIN (Reuters) – German arms maker Rheinmetall and Croatian robotics specialist DOK-ING said on Monday they will join forces to develop unmanned vehicles that could escort tanks on the battlefield and assume tasks such as mine clearance, air defence or reconnaissance. In Berlin, the companies signed an agreement with the aim of forming a joint …
Rheinmetall, Croatia’s DOK-ING eye joint venture for unmanned military vehicles Read More »
By Axel Schmidt, Christoph Steitz and Christina Amann WOLFSBURG, Germany (Reuters) – Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants in Europe’s biggest economy as it plots a deeper-than-expected overhaul, the company’s works council head said on Monday. Europe’s biggest carmaker …
VW labour chief sounds alarm on mass layoffs and three German plant closures Read More »
LONDON (Reuters) -Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants in Europe’s biggest economy as it plots a deeper-than-expected overhaul, the carmaker’s works council head said on Monday. Here are some statements and comments in reaction to the news: VOLKSWAGEN BRAND …
Volkswagen’s labour chief warns of mass layoffs, plant closures in Germany Read More »
(Reuters) -Volkswagen plans to shut at least three factories in Germany, the carmaker’s works council head said on Monday, without specifying which plants would be affected but saying this would mean layoffs of thousands of staff. Volkswagen said in early September it plans to end its job security programme – which has been in place …
Factbox-Which Volkswagen factories in Germany could be hit by layoffs or closed? Read More »
COPENHAGEN (Reuters) -Norway has agreed with U.S. authorities to buy air defence missiles for more than 4 billion Norwegian crowns ($363 million), the Norwegian military said on Monday. The contract agreed between the Norwegian and U.S. governments covers the AIM-120C-8 Advanced Medium-Range Air-to-Air Missile (AMRAAM), made by RTX Corporation, a spokesperson for the Norwegian Defence …
Norway buys US-made air defence missiles for over $360 million Read More »
By Lawrence White LONDON (Reuters) – Shares in British lender Close Brothers dropped 6.5% on Monday, while those of bigger rival Lloyds fell 3% as bank stocks with exposure to motor finance suffered further following an adverse court of appeal judgment on Friday. A London court ruled that motor finance brokers must fully inform customers …
Lloyds and Close Brothers shares fall on motor finance ruling Read More »
