MADRID (Reuters) -Spanish telecoms group Telefonica plans to lay off at least 6,000 employees across several units before the end of the year, newspaper Expansion reported on Monday, citing people familiar with the plans. The total number of workers initially affected by the redundancy plan could rise to 7,000 out of a global workforce of …
Telefonica plans to lay off 6,000 workers this year, Expansion reports Read More »
(Reuters) -The U.S. government has shut down, but that hasn’t prevented stocks from hitting more record highs, fully confident that bullish rate cuts will keep momentum going. The one hitch is a complete lack of visibility when it comes to what is actually happening in the economy right now. Here’s your weekahead from Alden Bentley …
By Tassilo Hummel and Mimosa Spencer PARIS (Reuters) -Gucci’s “see now, buy now” approach for the first collection from new designer Demna, harnessing a buzz around the brand to draw shoppers back to its stores after years of lackluster sales, is showing some early success, data shows. Demna stole the show at Milan Fashion Week …
Analysis-Gucci’s fast-track approach for Demna’s fashions shows early signs of success Read More »
By Gilles Guillaume MEUDON, France (Reuters) -Renault’s low-cost brand Dacia on Monday unveiled a prototype electric mini-car that could cost less than 15,000 euros ($17,625), potentially providing a competitive alternative to low-cost Chinese electric vehicles. The “Hipster Concept”, which could go into production if the European Union agrees to create a new small car category, …
Dacia challenges low-cost Chinese EVs with prototype 15,000 euro mini-car Read More »
LONDON (Reuters) -Britain’s government said on Sunday it would seek to streamline the process for home-buying under its latest plans to give a boost to the property market. The proposals could cut an average of around four weeks off the process, which typically takes five months, by requiring the publication of search and survey information …
UK plans to cuts costs and delays in housing sales Read More »
MUNICH (Reuters) -Hannover Re, the world’s third-largest reinsurer, said it would target bigger dividends in future, aiming to pay out 55% of net profit compared to the 46% it has paid over the past year. “In view of its very good capitalisation, the payout ratio for the regular dividend will be raised to around 55% …
BUDAPEST (Reuters) -Hungarian Prime Minister Viktor Orban announced on Saturday a new cheap loan programme for small and medium businesses at a fixed 3% interest rate, set to launch on Monday, as he seeks to fend off a surging opposition challenge. In power since 2010, the nationalist leader faces what analysts say could be his …
Hungary’s Orban launches cheap loans for businesses as election nears Read More »
(Reuters) -Barcelona coach Hansi Flick said he was being protective of Lamine Yamal when he remarked last month that the Spain team should take better care of players after the 18-year-old’s groin injury flared up again, sidelining him for two to three weeks. Spain coach Luis de la Fuente had responded to Flick’s comments on …
Soccer-‘Protective’ Flick wants to manage Yamal’s workload Read More »
By Andreas Rinke BERLIN (Reuters) -Germany’s Social Democrats, junior partners in Chancellor Friedrich Merz’s coalition, will push for a more protectionist stance on Europe’s steel industry, urging the EU to adopt a “buy European” strategy, a document seen by Reuters on Saturday showed. The SPD, headed by Finance Minister Lars Klingbeil, is due to adopt …
German coalition partner seeks protections for European steel, document shows Read More »
PARIS (Reuters) -French Prime Minister Sebastien Lecornu plans a tax targeting individuals with annual incomes of over 250,000 euros to try to win the Socialist opposition’s backing for his government’s 2026 state budget, financial daily Les Echos said on Saturday. Les Echos reported that Lecornu plans two measures, each targeting taxpayers declaring more than 250,000 …
French PM plans new tax on people earning over 250,000 euros a year, Les Echos says Read More »
