English

Indrabati Lahiri

Economy

Spiralling housing costs hit jobs as employers struggle to find staff

Surging housing prices have led to several employees leaving capital cities, and as consequence, many employers have introduced staff housing benefits in order to attract and retain staff.

Business

Northvolt AB owners vote for operations to continue amid cash concerns

Northvolt AB has signalled that its battery production operations will continue as normal, while the company ramps up efforts to find new sources of funds under the US Chapter 11 restructuring process.

Economy

Factory activity levels slump in Germany - winter recession pending?

A winter recession could be on the cards for Germany as factory activity levels slumped in November, according to data released on Wednesday by the Federal Statistical Office.

Business

Rolls-Royce Motor Cars announces major UK investment after record year

British automaker Roll-Royce Motor Cars has said that it would be ramping up investment in its Goodwood manufacturing location, in an attempt to strengthen its commitment to the UK.

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Business

Shell cuts LNG outlook, with more write-offs due for 2024 year end

Oil and gas giant Shell has reduced its estimates for liquefied natural gas (LNG) production for the last quarter of 2024, with significant well write-offs for upstream exploration and integrated gas also expected.

Business

Mercedes-Benz may cut back on profit outlook as car market slows

The German car manufacturer Mercedes-Benz continues to struggle with a lacklustre auto market and weakening demand.

Economy

Euro area sees stable results for November jobless figures

While Spain and France saw some of the highest unemployment rates in November, Germany recorded the fewest number of people without jobs.

Economy

UK drives forward as biggest European electric vehicle market

Although the UK experienced record electric vehicle sales in 2024, this also came at a considerable cost, in the form of steep manufacturer discounts.

Business

Major London insurer shuns LSE listing in favour of New York

Aspen Insurance has became the latest company to choose to list on the New York Stock Exchange instead of the London Stock Exchange, mainly because of higher valuations and less rigid listing requirements in the US.

Business

Chinese EV giant BYD beats domestic players to hit record 2024 sales

Electric vehicle company BYD has announced record sales for the last year, boosted by rising Chinese demand, as well as government trade-in deals.

Business

World first as EasyJet trials new paint for a lighter shade of plane

Low-cost UK airline EasyJet is planning to try out a new lightweight painting method, in an effort to save on fuel usage and cut overall aircraft weights.

Business

Chinese jet maker ramps up efforts to push Airbus and Boeing out

China’s state-owned aircraft producer, Comac, is already being used by some of the country’s biggest airlines, and has plans to expand further in southeast Asian markets, before eyeing Western markets.

Economy

German solar panel industry struggles with declining demand

German solar panel demand has been hit by dampened consumer and investor sentiment, as the ongoing cost of living crisis and high interest rates have hampered installations.

Business

German urban air mobility company files for insolvency

Volocopter, a German air transport company, has filed for insolvency following several unsuccessful attempts to raise funds in an increasingly challenging international market.

Markets

Coffee and cocoa on track to be largest commodity gainers of 2024

Cocoa and coffee saw some of the steepest price increases this year, exacerbated by falling supply and escalating global trade tensions.

Markets

French stocks heading for worst annual run in years

French stock indices like the CAC 40 have suffered this year, dragged down by a slow down in the luxury sector, as well as increasing fears about France’s political stability.

Economy

Turkish economic prospects show signs of improvement in December

The Turkish economic confidence figures for this month pointed towards a brightening outlook for the country's economy, boosted mainly by a growth in confidence among retailers and service providers.

Economy

Spanish retail sales grow at slowest pace since June 2024

Although falling spending on both food and non-food items has contributed heavily to this dampened figure in November, Spain still saw strong consumer goods spending in the third quarter of the year.

Economy

UK retailers fear the worst as shoppers shun Boxing Day sales

The traditional Boxing Day sales in the UK experienced lower footfall than in 2023, partly because of the rise of online shopping and deals. Several major retailers also remained closed on the day.

Business

B&Q extends reach in Ireland with Homebase stores' purchases

The three stores complement B&Q's existing network of eight stores in the Republic of Ireland, representing strategic additions to its estate.

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