Volkswagen’s $2 bln Trinity electric vehicle plant in doubt
Volkswagen (VOWG_p.DE) Chief Executive Oliver Blume is reviewing whether to stick to a plan to build a new plant to assemble its Trinity electric vehicles…
Category: Business
Roku becomes latest firm to reduce staff with 200 job cuts
Roku Inc (ROKU.O) said on Thursday it would cut 200 jobs in the United States, becoming the latest tech company to lay off workers amid…
Macy’s profits from wealthy shoppers, Kohl’s feels inflation pinch
Upscale U.S. retail chain Macy’s Inc raised its annual profit forecast on Thursday on resilient demand for high-end clothes and beauty products, while the inflation…
Bullard: Up to Chair Powell to decide size of rate increases at upcoming meetings
St. Louis Fed President James Bullard on Thursday said he would defer to Chair Jerome Powell to decide on the size of upcoming rate increases…
Thyssenkrupp 2023 sales to fall by less than 10% – CFO
Thyssenkrupp (TKAG.DE) expects sales to fall by less than 10% in 2023, its chief financial officer told analysts on Thursday after presenting full-year results. “It…
Zara union calls Black Friday strike in fashion group’s home town
A union group representing shop assistants at fashion retailer Zara has called a two-day strike over pay next week in the 44 stores in the…
Lyft, Motional to launch robotaxi service in Los Angeles
Lyft and driverless technology firm Motional said on Thursday that residents in Los Angeles will be able to book robotaxis on the ride-hailing company’s app,…