Indrabati Lahiri
Business
Apology incoming! Carrefour caught in South American beef scandal
Carrefour SA's chief executive officer (CEO), Alexandre Bompard, has said that he will be issuing a public apology to Brazil's government to smooth over a controversy sparked by the supermarket after it said that it would not be supplying South American beef to its French customers.
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Business
Northvolt files for bankruptcy in major blow to European EV sector
The Swedish battery developer and manufacturer, Northvolt, has filed for bankruptcy in the US, as the company struggles with mounting debt, after it was unable to secure rescue funding and was left with only one week of cash reserves.
Business
Mercedes reveals plans to cut costs by several billion euros per year
Mercedes has revealed plans for substantial cost cuts of several billion euros in the coming years. However, specific details on how these costs will be reduced and which locations will be affected has not yet been detailed.
Economy
Central Bank of Turkey keeps key interest rate unchanged
The Central Bank of Turkey held the key interest rate at 50% at its November meeting, for the eighth month in a row. However, investors are becoming more hopeful that a rate cut may be around the corner, as inflation expectations improve.
Economy
EU battery-electric vehicle market outlook 'likely to worsen' in 2025
A lower battery-electric vehicle market share in 2025 is likely to make it much more difficult for the EU to meet its carbon emission targets as increasing the BEV market share and sales is one of the key ways car makers were planning to meet those goals.
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