Tag: Business
Italy opens procedure against China's Sinochem for possible breach of Pirelli governance
Italy has opened up an administrative procedure against China’s Sinochem, the largest shareholder in Italian tiremaker Pirelli, over possible violations of restrictions placed...
50 European leaders assess how Trump will affect their fortunes and seek a common stance on Russia
BUDAPEST, Hungary -- Around 50 European leaders, including Ukrainian President Volodymyr Zelenskyy and NATO Secretary-General Mark Rutte, were reassessing their trans-Atlantic relations at...
Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
TOKYO -- TOKYO (AP) — Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and...
Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade
STOCKHOLM -- Sweden’s central bank on Thursday cut its key interest rate by half a percentage point to 2.75% in what was described...
Bank of England is set to cut interest rates despite potential new inflation worries
LONDON -- The Bank of England is set to cut interest rates later Thursday for the second time in three months, as inflation...
Germany's leader expected to lead country with minority government after coalition collapse
BERLIN -- After German Chancellor Olaf Scholz dramatically fired Finance Minister Christian Lindner of the pro-business Free Democrats in a late-night move after...