Global container flows struggle to pick up speed, data shows
By Jonathan Saul LONDON – Efforts to speed up the movement of goods around the world have yet to solve the supply chain bottlenecks caused by surging demand for retail…
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By Jonathan Saul LONDON – Efforts to speed up the movement of goods around the world have yet to solve the supply chain bottlenecks caused by surging demand for retail…
By Ernest Scheyder, Byron Kaye and Praveen Menon – Anglo-Australian miner Rio Tinto’s admissions of sexual assault, racism and bullying in an internal report have sparked calls from investors for…
LONDON -Amazon will create 1,500 new apprenticeships in the United Kingdom in 2022, it said on Wednesday. The internet giant said it was offering 40 entry to degree-level apprenticeship schemes,…
By Ross Kerber – The Teamsters union wants four large U.S. retailers to investigate if companies in their supply chains are underpaying workers, hoping the retailers will use their leverage…
By Nivedita Balu and Danielle Kaye – The holidays were a gift to Alphabet Inc’s Google, quarterly results showed. Next up: Facebook owner Meta Platforms Inc. Alphabet’s internet advertising, cloud…
– D.R. Horton Inc posted a 44.2% rise in quarterly profit on Wednesday, benefiting from record-high property prices and lower interest rates on home loans. Net income attributable to the…
By Paul Sandle LONDON – Vodafone is pursuing mergers with rivals in multiple European markets, spurred on by more favourable signals from regulators who have realised the value of network…
By Timothy Aeppel – More robots joined the U.S. workforce last year than ever before, taking on jobs from plucking bottles and cans off conveyor belts at trash recycling plants…
By Ludwig Burger FRANKFURT – Novartis expects sales and core operating profit to rise around 5% this year, below some analysts’ expectations, as the Swiss drugmaker weighs up interest in…
By Makiko Yamazaki and Ritsuko Shimizu TOKYO -Japan’s biggest lenders on Wednesday all sounded alarm about the risk the Omicron variant could have on their earnings, reviving concerns that a…
By Jesús Aguado MADRID -Spain’s Santander released 750 million euros ($846 million) in pandemic-related provisions in the fourth quarter, betting on an economic recovery in its main markets and helping…
By Nikolaj Skydsgaard COPENHAGEN – Shares in Novo Nordisk rose more than 3% on Wednesday after the Danish drug developer delivered a better-than-expected earnings outlook for 2022 despite missing fourth…
By Aditya Kalra NEW DELHI – Indian officials have held heated discussions with Google, Twitter and Facebook for not proactively removing what they described as fake news on their platforms,…
TOKYO – Japan’s top lender Mitsubishi UFJ Financial Group Inc on Wednesday posted a net profit of 1.07 trillion yen ($9.33 billion) in the nine months through December, up from…
By Chris Taylor NEW YORK – Low inflation had spoiled U.S. investors for so long that last year’s sudden surge came as a shock. As those who lived through the…
STOCKHOLM -Swedish lender Swedbank reported slightly worse than expected quarterly earnings on Wednesday, with a drop in interest income disappointing investors and sending its shares down more than 4%. After…
BERLIN – Self-charging hybrid cars, which operate on both an internal combustion engine and a battery, outsold diesel cars in Europe for the first time in 2021, albeit by just…
By Dhara Ranasinghe A look at the day ahead in markets from Dhara Ranasinghe. The European Central Bank’s plan to start tiptoeing away from monetary stimulus may be put to…
STOCKHOLM -Volvo Car Group’s sales fell 20.2% in January under pressure from the global component shortage, though demand for its products remained strong, the automaker said on Wednesday. Volvo, which…
By Pushkala Aripaka – Britain’s GlaxoSmithKline will receive $1.25 billion from Gilead Sciences as part of a settlement between its HIV medicines unit and the U.S.-based drugmaker, ending a long-drawn…
By Tim Kelly TOKYO – Japan’s Panasonic Corp on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard by rising costs for raw materials, component shortages and…
By Jonathan Stempel NEW YORK -A U.S. judge on Tuesday refused to dismiss a class-action lawsuit by investors accusing Credit Suisse Group AG of conspiring to rig prices in the…
OSLO – Norway’s Telenor said on Wednesday it expects its earnings to be largely flat or slightly higher in 2022 compared to last year, as it posted quarterly profits below…
By David Shepardson, Hyunjoo Jin and Joseph White WASHINGTON/SAN FRANCISCO – Self-driving vehicle companies from Tesla Inc to General Motors Co’s Cruise are racing to start making money with their…
By Foo Yun Chee BRUSSELS – EU policymakers need to do more to attract investments in the telecoms sector if the bloc wants its economy to become more independent from…