The United Auto Workers (UAW) escalated its strike against General Motors (GM.N) by including the Spring Hill, Tennessee, engine plant, potentially disrupting GM’s pickup production and exacerbating its financial woes. This extension
More
Swiss National Bank’s Vice-Chairman, Martin Schlegel, has indicated that the institution might consider further tightening its monetary policy in response to the evolving inflation situation in Switzerland. In an interview with the
More
In a significant shareholder vote on Saturday, Mediobanca Chief Executive Alberto Nagel successfully secured a new three-year mandate, reaffirming his position despite opposition from the bank’s largest investor. Nagel, who has been
More
On Friday, global markets experienced mixed results, while benchmark bond yields remained stable. This followed a U.S. core inflation report that indicated a continued easing of price pressures. According to the report,
More
Britain’s FTSE 100 index experienced a rise on Friday, driven by gains in commodity-related stocks, although banking shares struggled following NatWest’s downgrade in profit outlook. Despite this, the benchmark index was on
More
Italian energy giant Eni (ENI.MI) announced an optimistic outlook for its full-year earnings before interest and taxes (EBIT) and cash flow, accompanied by an accelerated share buyback program. This news came on
More
German Chancellor Olaf Scholz has emphasized the significance of Siemens Energy, labeling it a “very important” company during a period of intense talks regarding state guarantees. The economy ministry has also confirmed
More
Newmont (NEM.N) reported third-quarter earnings below Wall Street expectations due to production challenges stemming from a labor strike at its Penasquito mine in Mexico. The world’s largest gold miner had to suspend
More
United Parcel Service (UPS) has revised its 2023 revenue forecast downwards for the second consecutive quarter due to a continued softening in delivery demand in the lead-up to the crucial holiday season.
More
BP’s electric vehicle (EV) charger division, BP Pulse, is set to invest $100 million in Tesla’s ultra-fast chargers for deployment in the United States, marking the first instance of Tesla chargers being
More