PARIS (Reuters) -The United Nations food agency’s world price index fell marginally in November, marking an eighth straight monthly fall since a record high in March after Russia’s invasion of Ukraine. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 135.7 points last month, down from 135.9 …
World food prices ease further in November, says FAO Read More »
By Tim Hepher MUNICH (Reuters) – Airbus, struggling to meet resurgent jet demand in the face of crumbling supply chains and labour shortages, has exceeded this year’s hiring targets but is wary of crowding out its own critical suppliers in the race to populate factories. Airbus recruited “much more” than the 6,000 people required in …
Airbus wary of squeezing out suppliers as tops hiring target Read More »
MADRID (Reuters) -Unemployment fell and net jobs were created in November in Spain, official data showed on Friday, reflecting strength in the labour market despite a slowing economy. The figures follow other recent data showing a slight easing of inflation and better than expected retail sales, raising hopes that Spain could eventually avoid slipping into …
Spain’s labour market resilient as unemployment drops in Nov Read More »
By Akash Sriram (Reuters) -Tesla Inc Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo without offering updated forecasts for the truck’s pricing, production plans or how much cargo it could haul. Musk, who appeared onstage at an event at Tesla’s Nevada plant, said the battery-powered, long-haul truck would reduce …
Musk delivers first Tesla truck, but no update on output, pricing Read More »
(This Dec. 1 story has been corrected to change figure in paragraph 5 to 400 mln pounds from 500 mln pounds) (Reuters) – TotalEnergies will cut its investment in British North Sea oil and gas projects by a quarter next year after the UK government hiked a windfall tax on the sector, the French firm’s …
TotalEnergies to cut UK investment by 25% after windfall tax Read More »
LONDON (Reuters) – France’s TotalEnergies said it has joined a shipping project building test tankers which can be powered by ammonia, part of moves to speed up maritime industry decarbonisation. Widely used in industrial applications, ammonia’s suitability as a transport fuel has been limited because of the challenge of converting it into energy in a …
French oil giant TotalEnergies joins ammonia-powered tanker project Read More »
LONDON (Reuters) -British retailer the John Lewis Partnership is to turn some of its stores and a vacant warehouse into homes via a 500 million pound ($611 million) joint venture with investment company abrdn. The employee-owned partnership, which owns a department store chain as well as upmarket grocer Waitrose, is trying to diversify its business …
Britain’s John Lewis to turn stores into homes via abrdn joint venture Read More »
By Oliver Hirt, Selena Li, Sumeet Chatterjee and Noele Illien ZURICH (Reuters) -Credit Suisse is accelerating cost cuts announced just weeks ago, Chairman Axel Lehmann said on Friday, as client outflows and a slowdown in activity weigh on the Swiss bank’s revenue outlook. “We are really doubling down on the execution,” Lehmann said in a …
Exclusive-Credit Suisse looks to speed up cuts as revenue outlook worsens Read More »
STOCKHOLM (Reuters) – Sweden-based Volvo Car AB said on Friday its sales grew 12% year-on-year in November to 59,154 cars. “Overall underlying demand for the company’s cars continues to remain robust, especially for its Recharge range of pure electric and plug-in hybrid cars,” it said in a statement. The sales growth accelerated compared with October …
Volvo Cars’ sales growth accelerates to 12% in November Read More »
ZURICH (Reuters) – Credit Suisse Chairman Axel Lehmann said in a TV interview with Bloomberg on Friday the embattled bank’s outflows have basically stopped and that it is seeing partial inflows. Credit Suisse has reported sharp outflows as wealthy clients move assets elsewhere, while the bank battles to recover from a string of scandals by …
Credit Suisse chairman says outflows have basically stopped Read More »
