Employees at the Porsche factory in Stuttgart-Zuffenhausen, Germany. Reuters
Ford Motor’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 US automaker said. The increase in earnings, before interest and taxes,
The euro languished near a 22-month low on Thursday, weighed down by ailing growth in Germany and the spectre of political uncertainty in Spain. A surprise drop in German business morale has highlighted the divergence between economic data in the United States and the eurozone.
Painters, sculptors and photographers face losing their workspaces because of gentrification in the booming capital. All 30 artists in the building have received a notice to vacate the premises they have used since 2013.
BERLIN: Dutch central bank Governor Klaas Knot expects the eurozone economy to recover speed in the second half after a sluggish start to the year, but in an interview with Handelsblatt the noted hawk was distinctly dovish on long-term interest rates. Knot, one of the most prominent hawks on the European Central Bank’s rate-setting committee told the German paper
Britain’s house prices fell in annual terms for the first time since 2012 in June as the country reeled from the coronavirus shock to the economy, mortgage lender Nationwide said on Wednesday.
India’s additional scrutiny of imports from China has disrupted operations at plants owned by Apple supplier Foxconn in southern India, three sources told Reuters, and other foreign firms are also facing delays as tensions between the two countries build.
Lists of local retailers, artisans and manufacturers have been circulating on Instagram, Facebook and Twitter, helping Black-owned businesses raise their profile at a time when the coronavirus pandemic has ravaged the economy.