Page 4 - European Markets

Ford to cut 3,800 jobs over next 3 years in Europe, mostly in Germany, UK

Ford said Tuesday that it will cut 3,800 jobs in Europe over the next three years in an effort to streamline its operations as it contends with economic headwinds and increasing competition on electric cars. The automaker said that 2,300 jobs will go in Germany, 1,300 in the UK and 200 elsewhere on the continent. It said that its strategy to offer an all-electric fleet in Europe by 2035 is unchanged and that production of its first European-built electric car is due to start later this year. The company said it is looking for a leaner, more competitive cost structure for Ford in Europe. It said that it will embark on consultations with the intent to achieve the reductions through voluntary separation programmes. Ford aims to cut 2,800 of the jobs in engineering by 2025, a result of the transition to electric cars that are less complex, though it plans to keep around 3,400 engineering jobs in Europe. The remaining 1,000 jobs will be cut on the administrative side. These are difficu

Spotify, 7 other firms call on European regulators to crack down on Apple

Audio streaming platform Spotify and 7 other European companies are calling on European Commission to take "swift and decisive action" against Apple over 'anti-competitive' and 'unfair' practices

European stock indexes rise on 'soft landing' hopes, China reopening

The euro was up 0.3% at around $1.0673, versus a 1.2% jump on Friday

What we have learned three days into the price cap on Russian oil

The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and - from Moscow - a threat of retaliation

Scaling a new peak: FPIs, global cues propel Sensex past 63,000 mark

FPIs bought shares worth Rs 9,010 crore on Wednesday, according to provisional data from exchanges

Reserve Bank of India, Japanese regulator hold talks on clearing houses

Dialogue on clearing houses come after CCIL derecognition by ESMA, BoE

Over Rs 5,000-cr IPOs may hit mkts in Dec as investor sentiment perks up

Primary market momentum seen sustaining in an otherwise 'lacklustre' month

World's most expensive drug approved to treat hemophilia at $3.5 mn a dose

CSL Behring's Hemgenix, administered just once, cut the number of bleeding events expected over the course of a year by 54%, a key study of the therapy found

India, EU regulators standoff over clearing houses to affect BNP to HSBC

Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties

Inflation struck European firms seek most emergency funds since pandemic

Firms grappling with high inflation and soaring operating costs are seeking fresh short-term liquidity lines in an echo of the worst days of the 2020 coronavirus pandemic

US, European shares rise on hopes Fed will slow interest rate hike pace

US and European shares rose on Monday as signs of a cooling U.S. economy raised hopes that the Federal Reserve will slow its pace of rate hikes

European stocks head higher on UK policy turnaround; yen hits fresh low

European stock indexes opened higher on Tuesday, in a revival of risk appetite which analysts attributed to the turnaround in UK fiscal policy

European stocks struggle for direction, sterling recovers after BoE warning

European stocks held steady in early trading on Wednesday, while sterling recovered after hitting a 13-day low

European stocks fend off Fed rate hike risks, yen drops to 24-year low

The broader focus however remained squarely on the risk of rising interest rates and painfully high energy prices causing recessions

Europe gas prices jump as latest Russian cut plan stokes supply fears

European gas prices surged after Moscow's move to shut a major pipeline ramped up fears of a prolonged supply halt, leaving Germany once again guessing as to how much Russian fuel it can count on

Centre asks state-run firms to explore plans amid LNG supply crisis: Report

Gas supplies to India have been hit due to the ongoing Russia-Ukraine war

Europe shares mixed after Asian markets decline on tech downturn

Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. Higher interest rates tend to work as a minus for share prices.

Bangladesh, world's no 2 clothes exporter, sees order drop as power falters

Bangladesh's garment industry is facing a double whammy from slowing global demand and an energy crisis at home that's threatening to thwart the nation's pandemic recovery

Uttar Pradesh govt seeks to take embassies' help to boost exports

Among the top-selling UP products are leather goods, carpets, hand woven textiles, brassware, glassware, sports goods, etc

Sensex, Nifty reverse early gains amid weak trends in European markets

The 30-share BSE Sensex declined by 372.46 points or 0.69 per cent to close at 53,514.15, extending its falling streak to a third day