Barclays on trade risks as U.S. set to escalate tariff
Investing.com — The U.S. trade landscape is under scrutiny as investors brace for potential tariff escalations under a new administration. Barclays (LON:BARC) analysts on near-total visibility into commodities crossing U.S. borders, said Mexico’s growing prominence as the U.S.’s largest trading partner…
Volkswagen to cut more than 35,000 jobs in Germany by 2030
FRANKFURT (Reuters) – Volkswagen (ETR:VOWG_p) on Friday said it had agreed with unions to cut more than 35,000 jobs at its German sites by 2030 in a socially responsible manner, which would help achieve more than 15 billion euros ($15.65…
Mexican president confident Congress will ban planting GM corn in 2025
MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum expects Congress to approve a ban early next year on planting genetically modified corn in the country, she said on Saturday. Sheinbaum’s announcement comes a day after a trade-dispute panel ruled Mexico’s…
Stellantis reverses decision to lay off 1,100 at Ohio Jeep plant
(Reuters) – Stellantis (NYSE:STLA) has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant, instead extending a worker adjustment and retraining notification notice, the Franco-Italian automaker said late on Saturday. No employees will be placed…
China’s Nio says new Firefly EV to go on sale in Europe in H1 2025
BEIJING (Reuters) -China’s Nio (NYSE:NIO) on Sunday said it would launch its new Firefly electric vehicle brand in Europe early in the first half of 2025, betting that it would help the company overcome European Union tariffs. William Li, Nio’s…
Starbucks workers expand strike in US cities including New York
(Reuters) – Starbucks (NASDAQ:SBUX) workers have expanded their strike to four more U.S. cities, including New York, the union representing over 10,000 baristas said late on Saturday. The five-day strike, which began on Friday and initially closed Starbucks cafes in…