Euro zone factory downturn deepened in Oct as demand slumped
The decline in euro zone manufacturing activity was sharper than initially estimated last month, indicating that the sector is in recession, as the cost of…
Category: Business
Volvo Cars’ sales up 7% in October on “robust” underlying EV demand
Sweden-based Volvo Car AB (VOLCARb.ST) said on Wednesday its sales grew 7% year-on-year in October to 54,317 cars. “Overall underlying demand for the company’s cars…
Barclays builds up Asia business, sees growth in India and Australia
Barclays Plc (BARC.L), which recently made big investments in India and Australia and set up a Taiwan subsidiary in July, is evaluating entering new markets…
Geely’s Zeekr plans electric vehicle sales in Europe in 2023
Zhejiang Geely Holding Group’s (GEELY.UL) premium electric car business plans to sell the first electric vehicle produced under the Zeekr brand in Europe next year,…
Aston Martin says supply snags delaying turnaround
Aston Martin (AML.L) blamed global supply chain problems for pushing back an expected improvement in its finances, as the luxury carmaker cut its 2022 deliveries…
Australia’s ‘Big Four’ banks lift home loan rates to match c.bank move
Australia’s ‘Big Four’ banks will raise their home loan rates by 25 basis points this month, they said on Tuesday, passing on the full quarter-point…
Carmaker Stellantis: will be vigilant after Musk’s takeover of Twitter
Carmaker Stellantis (STLA.MI) said on Wednesday that it monitored all social media channels which involved its brands and will continue to do so in the…