UK finance minister Reeves readies higher taxes and investment in debut budget
By William Schomberg LONDON (Reuters) – British finance minister Rachel Reeves will seek to shift the world’s sixth-biggest economy, and Prime Minister Keir Starmer’s government, onto a new course next week with big increases in public spending and tax. The…
Mercedes car earnings plunge as China shuns luxury
By Andrey Sychev (Reuters) -German premium automaker Mercedes-Benz (OTC:MBGAF) on Friday said third-quarter earnings in the core car division plunged by 64%, massively missing analysts’ estimates, as Chinese consumers continued to cut back on luxury goods in a weakening economy….
Trump presidency could deal heavy blow to Germany’s flagging economy
By Maria Martinez WASHINGTON (Reuters) – Germany would be the big loser if a Trump presidency sparked a tit-for-tat trade war between the United States and Europe, with Germany’s previously much-envied industrial strength potentially becoming an acute vulnerability. Republican former…
Unilever beats third-quarter underlying sales estimate
By Richa Naidu LONDON (Reuters) – Unilever (LON:ULVR) achieved slightly better than expected underlying quarterly sales after winning back more shoppers with product innovations and slower price increases, posting its biggest gain in sales volumes in three-and a-half-years. The consumer…
India’s business activity grows at faster clip in Oct, PMI shows
By Anant Chandak BENGALURU (Reuters) – Growth in India’s business activity picked up slightly in October after softening last month, led by stronger demand in the manufacturing sector, according to a survey that also showed job creation rose at the…
Beiersdorf posts 9-month sales growth, flags China weakness
By Elizaveta Gladun and Linda Pasquini (Reuters) -Nivea maker Beiersdorf on Thursday reported an increase in group sales for the first nine months of 2024, but flagged persisting challenges in the Chinese luxury market. Nine-month sales rose 6.5% organically to…