Labour representatives at German carmaker Daimler said on Monday that discussions with management over cost cuts had become “rougher”, after a board member said over the weekend that more than 15,000 jobs were at risk. FRANKFURT: Labour representatives at German carmaker Daimler said on Monday that discussions with management over […]
Business
REUTERS: PepsiCo beat analysts’ estimates for quarterly revenue and profit on Monday (Jul 13), helped by a surge in demand for snacks including Fritos and Cheetos during lockdowns triggered by the COVID-19 pandemic. Consumers stocked up on snacks, from potato chips to dips, as many were forced to work from […]
Alphabet Inc’s Google on Monday said it would spend around US$10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market. FILE PHOTO: Sundar Pichai, Chief Executive Officer of Alphabet, at the 50th World Economic Forum […]
World shares were approaching a five-month peak and the dollar slipped on Monday as investors wagered the earnings season would see most companies beat forecasts given expectations had been lowered by coronavirus lockdowns. LONDON/SYDNEY: World shares were approaching a five-month peak and the dollar slipped on Monday as investors wagered […]
Ubisoft shares dropped 9per cent on Monday after the French video games group said over the weekend that three senior managers were leaving the company following a review into allegations of inappropriate behaviour. PARIS: Ubisoft shares dropped 9per cent on Monday after the French video games group said over the […]
TOKYO: The coronavirus pandemic will force the Bank of Japan to embrace big data as its conventional consumer price index fails to offer an accurate, real-time picture on inflation, said Tsutomu Watanabe, a leading academic on alternative data in Japan. The BOJ pledges to achieve 2 per cent inflation as […]
Oil prices dropped on Monday on big spikes in COVID-19 infections over the weekend in the United States and elsewhere while traders await an OPEC technical meeting expected to recommend an easing of supply cuts. LONDON: Oil prices dropped on Monday on big spikes in COVID-19 infections over the weekend […]
LONDON: The European Union’s benchmark carbon permit price hit a 14-year high at just over 30 euros (US$33.93) per tonne early on Monday (Jul 13). The price for permits for delivery in Dec 2020 traded under the EU’s Emissions Trading System (EU ETS) was 30.13 euros a tonne at 0819GMT, […]
BEIJING: The slump in China’s exports likely eased in June as some countries reopened their economies, while imports contracted less sharply on higher crude oil and commodities purchases, a Reuters poll showed on Monday (Jul 13). June exports from the world’s second-largest economy are expected to have contracted 1.5 per […]
NIBC has agreed to a proposed takeover by Blackstone , the Dutch bank said on Monday, despite the U.S. private equity firm lowering its bid in light of the COVID-19 pandemic. AMSTERDAM: NIBC has agreed to a proposed takeover by Blackstone , the Dutch bank said on Monday, despite the […]