HANOI, Feb 21 Reuters Taiwan39;s Pou Chen Corp, the world39;s largest maker of branded sports footwear, plans to cut around 6,000 jobs at its Ho Chi Minh City plant in Vietnam due to weak demand, two local officials familiar with the company39;s plans said on Tuesday. The firm39;s Pouyuen Vietnam factory will cut 3,000 jobs […]

NEW YORK, Feb 21 Reuters Rio Tinto on Tuesday said it would supply BMW with aluminum it produces in Canada using hydroelectric power, lowering the auto manufacturer39;s carbon footprint with respect to its procurement of the automotive metal. The UKbased mining company and the German automaker announced in separate statements that they had signed a […]

BENGALURU, Feb 20 Reuters The Indian government has opposed Hindustan Zinc Ltd39;s 2.98 billion acquisition of assets from the flagship firm of Vedanta Resources, dealing a blow to billionaire Anil Agarwal39;s plans to trim down the mining giant39;s 7.7 billion net debt. The government, which owns a nearly 30 stake in Hindustan Zinc, is against the […]

COPENHAGEN, Feb 20 Reuters Shipping and logistics group A.P. MollerMaersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country. The group said the sale of its inland depot facility in Novorossiisk, with a capacity of […]

Feb 17 Reuters  Amazon.com Inc would require employees to be in office at least three days a week from May 1, the ecommerce giant said on Friday. The COVID19 pandemic had altered the workplace, with companies sending employees home to work remotely. Even as lockdowns eased around the world, a large population of employees remains remote […]

Feb 17 Reuters Deere Co raised its annual profit forecast on Friday after beating Wall Street estimates for the latest quarter on higher revenue for its highhorsepower tractors and an increase in spending from construction customers. Shares of the world39;s largest farm equipment maker rose 6.1. The industrial bellwether, a barometer for the global economy, has […]

Feb 20 Reuters Several teams have approached Honda about a partnership when Formula One39;s new engine era starts in 2026 but no decision has been taken about future involvement, the Japanese manufacturer said on Monday. Honda have an agreement to build engines in Japan for world champions Red Bull and sister team AlphaTauri but that […]

NEW DELHI, Feb 20 Reuters Uber Technologies said on Monday it will introduce electric vehicles EVs in India for ridesharing, its first move to adopt clean cars amid an Indian government push for greater electrification of public transport and shared mobility. With plans to introduce 25,000 EVs over three years, Uber is stepping up competition with […]

Feb 17 Reuters Norway39;s Equinor and German energy group EnBW plan to jointly develop offshore wind farms in Germany, the two companies announced on Friday. Germany, which seeks to cut its reliance on fossil fuel, in November raised its national renewable energy target to 80 of power generation by 2030, and aims to accelerate onshore wind installations to over 12 gigawatt GW per […]

PARIS, Feb 17 Reuters Birkin bag maker Hermes posted a 22.9 rise in fourth quarter sales, lifted by brisk business in the United States, and flagged no fundamental change in trends in China despite COVID19 disruptions over the period. European luxury brands have benefited from a strong, postpandemic rebound as shoppers drew on savings during lockdowns […]