ArcelorMittal Halts Green Steel Plans ArcelorMittal’s recent decision to delay its transition to hydrogen-based “green” steel production across Europe has sparked concern among climate advocates and renewable energy supporters. This…
Tag: business
Mixed Manufacturing Results Across Europe in November
Spain’s Manufacturing Modest Growth Spain’s manufacturing sector experienced a slowdown in growth during November, as the HCOB manufacturing Purchasing Managers’ Index (PMI) recorded a decline to 53.1, down from 54.5…
Aston Martin Faces Challenges: New Debt and Profit Warning Issued
Financial Struggles for the Luxury Automaker Aston Martin, the renowned British luxury car manufacturer, is grappling with financial challenges as it seeks to raise millions to invest in electrification and…
Germany’s November Inflation Figures Surprise Markets: Bund Yields Decline
Inflation Rates Underwhelm Expectations Germany’s inflation rate rose to 2.2% in November, falling short of analysts’ predictions. The figures revealed a notable 0.2% drop in monthly inflation, signifying a trend…
Job Loss Fears Emerge Amid UniCredit Takeover Bid, Warns Banco BPM CEO
Potential Job Losses on the Horizon Giuseppe Castagna, the CEO of Banco BPM, has raised alarming concerns over a potential takeover by Italian rival UniCredit, estimating that as many as…
China Responds Firmly to Potential U.S. Tariff Hikes
Warnings Against Tariff Increases A senior official from China’s Commerce Ministry has strongly cautioned that any future tariff increases on Chinese exports by the United States will backfire. In a…
Bitcoin Skyrockets Amid Hopes for Crypto-Friendly Policies Post-Elections
Bitcoin Hits New Heights Bitcoin continues its impressive climb, surpassing the $99,000 mark for the first time as it enjoys a remarkable surge of over 40% in just two weeks.…
ExxonMobil Collaborates with Eni and Total on Natural Gas Development Near Cyprus
Potential Partnership in Gas Exploration ExxonMobil is exploring a partnership with the Italian company Eni and the French firm Total to jointly develop natural gas deposits located off the southern…
Bosch Plans Major Job Cuts Amidst Automotive Sector Challenges
Job Reductions Ahead for Bosch German automotive technology supplier Bosch has announced plans to cut up to 5,500 jobs within its automotive division over the next few years, reflecting the…
European Natural Gas Prices Surge to Over Year-Long Highs
Sudden Price Spike European natural gas prices have skyrocketed this November, with the Dutch Title Transfer Facility (TTF) benchmark experiencing a remarkable 16% increase. By November 22, the front-month December…