By Rajesh Kumar Singh CHICAGO (Reuters) -Southwest Airlines’ first company-wide layoffs in its nearly 54-year history are aimed at shoring up profits, but they run the risk of undermining a company culture of putting employees first that made it stand out from rivals and cultivated a loyal fan base. Until this week, the U.S. carrier …
Southwest’s layoffs dent its worker-first culture Read More »
By Victoria Waldersee BERLIN (Reuters) – Mercedes-Benz on Thursday announced further cost-cutting and more petrol and diesel cars than EVs in its new product range, in a bid to revive margins as the company braces for a sharp drop in earnings in 2025. The German luxury carmaker will release 19 new combustion engine models and …
By Daniel Leussink and Aditi Shah TOKYO (Reuters) -Japanese carmaker Suzuki Motor has trimmed its sales target in India, its “most important market”, and scaled back its line-up of electric car launches, even as it plans to expand global sales by a third to 4.2 million vehicles by fiscal year 2030. Suzuki expects to sell …
Japan’s Suzuki trims India sales target amid competition, scales back EV launches Read More »
By Scott Murdoch SYDNEY (Reuters) -U.S. online real estate firm CoStar is preparing a A$2.7 billion ($1.72 billion) bid for Australian property classifieds firm Domain Holdings, said a person with direct knowledge of the matter. CoStar declined to comment. Domain, which is about 60% owned by Australian media group Nine Entertainment, did not immediately respond …
US real estate firm CoStar prepares $1.7 billion bid for Australia’s Domain, source says Read More »
By Amy Lv and Lewis Jackson BEIJING (Reuters) – Iron ore futures gained on Thursday as strong steel consumption data from top consumer China boosted sentiment, shifting investor focus to prospects of growing ore demand and spurring a wave of short covering. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended …
Iron ore gains on strong China steel consumption, short covering Read More »
By Melanie Burton MELBOURNE (Reuters) – Australia on Thursday allocated A$1 billion ($636 million) to a fund that will support the manufacture of green iron and its supply chains, including an initial A$500 million to bail out the Whyalla steelworks in South Australia. On Wednesday, South Australia’s premier put Whyalla, one of the country’s two …
Australia launches $636 million green iron fund, offers lifeline to steel works Read More »
By Andrea Shalal and Kanishka Singh ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump said on Wednesday he will announce fresh tariffs over the next month or sooner, adding lumber and forest products to previously announced plans to impose duties on imported cars, semiconductors and pharmaceuticals. “I’m going to be announcing tariffs on cars …
Trump adds lumber to list of goods facing tariffs over ‘next month or sooner’ Read More »
(Reuters) – U.S. President Donald Trump told reporters on Air Force One on Wednesday that he was talking to China about TikTok as the United States seeks to broker a sale of the popular app. (Reporting by Andrea Shalal and Costas Pitas)
By Andre Romani and Roberto Samora SAO PAULO (Reuters) -Brazilian miner Vale reported on Wednesday a $694 million loss in the fourth quarter, missing estimates and swinging from a hefty profit a year earlier, as it logged impairments on some of its base metals assets in Canada. Vale, one of the world’s largest iron ore …
Vale logs loss on Canada impairments, but analysts welcome share buyback, dividends Read More »
By Andrea Shalal and Kanishka Singh ABOARD AIR FORCE ONE/ WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he was not happy with planemaker Boeing and his administration might have to go a different route with Air Force One planes. The comments were the White House’s latest attempt to ratchet up pressure on …
Trump ‘not happy with Boeing’ over Air Force One planes Read More »
