English

Indrabati Lahiri

Economy

Would you be revved up if you were offered an EV car with a new job?

A number of employers are offering electric vehicle (EV) salary sacrifice schemes, to try and attract employees looking for green benefits.

Business

STMicroelectronics gets €2 billion grant as EU ramps up chipmaking

The move is the latest step in the EU’s strategy to boost chip manufacturing on the continent and reduce reliance on China.

Business

BHP drops Anglo American takeover bid as shareholder support ebbs

BHP's bids have been called "unattractive" by Anglo American, who has said that they expose its shareholders to undue risk and uncertainty.

Business

Chinese EV makers planning quiet takeover of the European market

Chinese EVs have a competitive edge when it comes to their European counterparts because they cost less and offer more features as standard.

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Economy

Eurozone unemployment plunges to record low of 6.4% in April

Falling unemployment could point to a brightening European outlook, with the Euro Area economic sentiment improving as well.

Economy

WEF: Economic outlook improves for 2024, but geopolitical woes remain

Although the United States and Asia are expected to see decent growth, European prospects remain bleak.

Business

FTSE reshuffle: Ocado and SJP drop out while Darktrace could return

British housebuilder Vistry Group could also see a return to the FTSE 100 index, while Liontrust Asset Management and Alpha Group International could be added to the FTSE 250 index.

Economy

Fewer women in finance are top earners as UK gender pay gap widens

The pandemic has had a major impact on the numbers, with women facing more layoffs than men, and taking on the main share of unpaid care work too.

Business

Deutsche Bank shuts down Numis US operations post takeover

Deutsche Bank has cut Numis' valuation by about €233 million following the takeover in April 2023, which is believed to be one of the biggest reasons for Numis' US branch shutdown.

Business

Benetton set for a fashion rebrand as it looks to edge out losses

Benetton has been facing intense competition from other fast-fashion brands such as Zara in recent years.

Economy

Where in the world do people spend the most as online shoppers?

Online shopping has soared in the past few years, with Amazon, Shein and Temu leading the intensely competitive website pack.

Business

Apple changes leaves UK microchip plant facing bleak future

The UK government offers support measures for the semiconductor industry but it may still not be enough to measure up to US and European grants.

Economy

Shoppers hit by rising prices as costs soar over past five years

Items such as olive oil, baked beans and sugar have risen particularly steeply with adverse weather, geopolitical concerns and global inflation contributing to the rise.

Economy

German economy expands slightly in first quarter of 2024

Increases in foreign trade has also gone a long way in supporting this higher GDP figure. However, despite falling inflation, German consumers remain cautious when it comes to spending.

Economy

April showers dampen UK retail sales as shoppers stay indoors

The removal of non-food sales, such as furniture, clothing and footwear, was one reason for the disappointing figure.

Business

Germany backs ending EU tax breaks that benefit Temu and Shein

These tax breaks are crucial for Shein and Temu, allowing them to sell clothes, accessories and gadgets at steep discounts compared to their EU competitors.

Business

Rolls Royce wins new contract for nuclear proof 'doomsday' plane

These aircraft are equipped with mobile command centres, operations areas, conference rooms and more and can also resist electromagnetic pulses. They would carry the US President and top military leaders in the event of a national emergency.

Business

FIFA opens its digital collectibles platform to clubs and federations

The move will allow clubs and federations to make and market their own collectibles and merchandise to fans, thus further boosting engagement.

Economy

What's hot and what's not for travel and tourism this year?

Travel and tourism levels across the world are expected to jump back to pre-pandemic levels in 2024, according to a report on tourism and travel from the World Economic Forum.

Business

Italian insurer Generali sees strong life insurance revenue in Q1 2024

The insurance company saw robust performance across the board, but especially in the property-casualty insurance sector.

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