Mercedes-Benz aims to cut production complexity, reduce battery weight- CTO
By Victoria Waldersee and Ilona Wissenbach
Vietnam court jails ex-health official amid anti-graft drive
HANOI (Reuters) – A court in Vietnam on Thursday sentenced a former deputy health minister to four years in prison for his involvement in a trading ring for fake medicines.
Potanin not planning further Russian banking M&A -Interfax
(Reuters) -Businessman Vladimir Potanin is not planning any further Russian banking acquisitions after two high-profile deals, and has turned down a proposal to buy the Russian arm of Italys UniCredit, he told the Interfax news agency on Thursday.
In Mexico, a decade of images shows Mennonites traditions frozen in time
By Jose Luis Gonzalez and Cassandra Garrison
U.S. banks 2021 hiring show lenders are seeking talent far beyond Wall Street
By Elizabeth Dilts Marshall NEW YORK (Reuters) – More than half of the new employees banks and other financial services companies hired in 2021 are based in Orlando, Dallas and other cities – far from Wall Street – as the battle for talent pushed companies to
Spirit Airlines calls for shareholders to reject JetBlue bid
By David Shepardson (Reuters) – Spirit Airlines urged shareholders to reject a hostile bid by JetBlue Airlines on Thursday, saying it was “a cynical attempt to disrupt” its merger with Frontier.
Record numbers of people displaced in their own countries in a ‘world falling apart’
By Emma Farge GENEVA (Reuters) – In a world beset by conflicts and natural disasters, the number of people who fled their homes and sought shelter within their own countries hit a record high of close to 60 million by the end of last year, according
Mercedes-Benz aims for more luxury in model line-up
By Victoria Waldersee and Ilona Wissenbach
More Russian oil going east squeezes Iranian crude sales to China
By Bozorgmehr Sharafedin, Florence Tan and Chen Aizhu
Volkswagen, Mahindra explore partnership for electric vehicle components
By Aditi Shah NEW DELHI (Reuters) – Germanys Volkswagen AG is exploring a partnership to supply electric components to Indian automaker Mahindra and Mahindra, the companies said on Thursday.
ECB accounts shows inflation worry; urgency of policy action
FRANKFURT (Reuters) – European Central Bank policymakers expressed widespread concern about the spread of inflation and made the case for continued policy normalisation, the accounts of their April 14 meeting showed on Thursday.
Moscow says opening Ukraine ports would need review of sanctions on Russia – Interfax
(Reuters) – Moscow said on Thursday that sanctions on Russia would have to be reviewed if it were to heed a U.N. appeal to open access to Ukraines Black Sea ports so that grain could be exported, according to an Interfax news agency report.
Polands PKO BP says rates not causing repayment problems yet
WARSAW (Reuters) – Polands largest lender PKO BP does not expect problems with loan repayments at the current level of interest rates, its deputy head said on Thursday, but he added that there might be problems if rates go higher.
Startup Gatik says it will put self-driving trucks on the road in Kansas
By Tina Bellon (Reuters) – Autonomous delivery truck startup Gatik on Thursday said it will be putting its box trucks on the road in Kansas after state officials gave it and its partner and customer Walmart Inc the go-ahead.
Sweden gives go-ahead for offshore windpark to power 500,000 homes
STOCKHOLM (Reuters) – Swedens government said on Thursday it had given state-owned utility Vattenfall a renewed and expanded license to build a windpark off the southern coast of Sweden which will produce enough power for around 500,000 homes each year.
Grab reports rise in revenue on strong demand for food delivery
(Reuters) -Grab Holdings Ltd, Southeast Asias No. 1 ride-hailing and food delivery firm, on Thursday reported a 6% rise in quarterly revenue as more people ordered food online.
Deutsche Bank links Henkel supply chain financing to ESG ratings
FRANKFURT (Reuters) – Deutsche Bank said on Thursday it had linked its supply chain financing for Henkel to environmental, social and governance (ESG) ratings of the German consumer goods groups suppliers in the first move of this kind in Europe.
Mercedes-Benz sets sunny scenario margin target of 14% by 2025
BERLIN (Reuters) – Mercedes-Benz raised its margin target in favourable circumstances to 14% by 2025 from a previous target of 10% or higher, the company said on Thursday, as it reorients its strategy towards higher-margin luxury vehicles.
Kohls becomes latest retailer to warn of inflation eating into profits
(Reuters) – Kohl‘s Corp cut its full-year earnings forecast on Thursday, joining some of America’s biggest retailers in warning that a four-decades high inflation is starting to take a toll on profit margins and consumer spending power.
As ECB pares back stimulus, investors alert for fragmentation risk
By Dhara Ranasinghe LONDON (Reuters) – As the European Central Bank races towards the stimulus exit to tame record-high inflation, angst about whether it can contain stress in weaker economies is creeping back into corners of bond markets.
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