Volkswagen considers factory closures: What it means for Germany’s manufacturing sector
Germany’s manufacturing industry is facing a critical juncture as Volkswagen and Intel weigh significant operational changes. Volkswagen, a cornerstone of...
Brazil’s PMI decline to 52.9 in August highlights sluggish private sector activity
Brazil’s economic momentum experienced a sharp reversal in August, as indicated by the S&P Global Composite PMI. After reaching a...
Russian official reveals Turkey’s BRICS ambitions: How will the US respond?
Turkey’s bid to join the BRICS bloc—comprising Brazil, Russia, India, China, and South Africa—has stirred global interest and concern. According...
Blackstone to buy Australia’s AirTrunk in $16 billion deal
By Scott Murdoch SYDNEY (Reuters) -Blackstone will buy Australian data centre group AirTrunk for an implied enterprise value of over...
Fortive to spin off Precision Technologies, focus on growth
Fortive Corp (NYSE:FTV) unveiled plans to execute a tax-free spin-off of its Precision Technologies segment, resulting in two independent, publicly...
GM to launch its first ethanol-capable hybrid-flex vehicles in Brazil
SAO PAULO (Reuters) – General Motors (NYSE:GM) said on Wednesday that it would begin producing its first-ever hybrid-flex vehicles that...
Is Nikkei on course for a double dip?
Japanese equities experienced a selloff on September 4, which was a continuation of the market’s reaction from an early August...
Robinhood in $3.9 million settlement with California over crypto withdrawals
By Jonathan Stempel (Reuters) -A cryptocurrency platform run by Robinhood (NASDAQ:HOOD) Markets will pay $3.9 million to settle claims it...
U.S. firms saw slowing economic activity in recent weeks, Fed survey shows
(Reuters) – U.S. economic activity expanded more slowly from mid July through late August and businesses reported less hiring, signals...
Biden preparing to block Nippon’s US Steel takeover, source says
By Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden is preparing to block Nippon Steel’s acquisition of U.S. Steel, a...
