British new car registrations fell to their lowest October level since 1991 after a 25% year-on-year drop as a lack of semi-conductor chips continued to hit the sector, according to industry figures released on Thursday. Full-year sales are expected to stand at 1.66 million vehicles, only 1.9% higher than 2020, when COVID-19 lockdowns and restrictions […]
Category: Business
Expectations that Russia will remove taxes on aluminium exports and boost global supplies have triggered an inventory sell-off that has slashed prices of the metal on the physical market in Europe and the United States. As the drawdown in aluminium stocks, estimated at around 1 million tonnes in Europe and up to half a million […]
When Whitney Bromberg Hawkings launched her London-based floral business Flowerbx in Los Angeles last November, she noticed a number of clients, on their own for the holidays, treated themselves to bouquets. “There were cards that said ‘Dear me, you can get through this week’— a lot of them,” said Bromberg Hawkings. This year, it’s a […]
The battery unit of South Korea’s SK Innovation Co Ltd (096770.KS) plans to invest $2.53 billion to build a new electric vehicle (EV) battery factory in China, China’s local government backed Yancheng News reported on Thursday. SK Innovation’s wholly-owned battery subsidiary SK On, which supplies electric car batteries to Ford Motor Co (F.N), Volkswagen (VOWG_p.DE) […]
Japan’s trade minister Koichi Hagiuda has asked the United States to abolish extra tariffs on steel and aluminium imports from Japan in a meeting with Washington’s trade representative, the ministry said on Thursday. In the online meeting with United States Trade Representative (USTR) Katherine Tai, Hagiuda asked for a resolution to the tariffs issue on […]
Euro zone business growth slipped to a six-month low in October as supply chain bottlenecks and logistical issues related to the COVID-19 pandemic pushed input prices to rise at the fastest rate in over two decades, a survey showed. Government restrictions are being lifted in the currency bloc but shortages of raw materials in the […]
Novartis AG (NOVN.S) said on Thursday it would sell its nearly one-third voting stake in Roche (ROG.S) back to its cross-town rival for $20.7 billion, disentangling the two pharma companies that had been linked by the investment for two decades. The deal extricates Roche from ownership ties to a major competitor with strategic vetoing power, […]