Business

The French-Italian car giant says it is planning more investment to enhance its other UK factory at Ellesmere Port as the UK’s sustainable, EV-only volume manufacturing plant. ADVERTISEMENT Stellantis says a plan to consolidate its factories in the UK will include the closure of its factory in Luton. Some 1,100 jobs are potentially lost. The Luton plant currently builds Vauxhall …

Europe’s airlines are increasingly looking to consolidate to boost competitiveness and expand networks. ADVERTISEMENT Franco-Dutch firm Air France-KLM is interested in buying a stake in Air Europa, said Globalia on Wednesday. The owner of Air Europa said in an email sent to Euronews that “there is interest…but currently nothing is closed”. Air France-KLM has not yet responded to a request …

EasyJet has revealed its results for the year ended 30 September 2024, recording a substantial rise in profit, boosted by robust summer travel demand. ADVERTISEMENT British low-cost airline giant easyJet announced its financial year 2024 results for the 12 months ended 30 September 2024 on Wednesday and said headline profit before tax soared 34% year-on-year to £610m (€731.14m). It was …

The deal has been 25 years in the making and it aims to create one of the largest free trade zones in the world – but farmers in Europe are heavily opposed to sealing it, saying that they cannot compete with South American livestock producers. ADVERTISEMENT After more than 20 years of negotiations, the 27-nation European Union and Mercosur — …

Consumers will have to pay more for their cars, one analyst warns, adding that among the hardest hit would be Volkswagen, Stellantis, General Motors and Ford. ADVERTISEMENT If President-elect Donald Trump carries out his threat to impose 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give …

The euro stabilised against the US dollar on Tuesday, despite more tariff threats from US President-elect Donald Trump, targeting imports from Canada and Mexico. ADVERTISEMENT US President-elect Donald Trump said on Truth Social media that he would impose tariffs of 25% on imports from Canada and Mexico. Both the Canadian dollar and Mexican Peso plunged against the dollar to multi-year …

Bankers should be able to receive bonuses faster, say regulators – moving away from post-crisis caution. ADVERTISEMENT The UK is considering rolling back restrictions on banker bonuses in an attempt to boost international competitiveness and growth. Most senior bankers should only have to wait five years to obtain their bonuses, according to a publication from the Prudential Regulation Authority (PRA), …

Building new nuclear reactors in Europe remains economically challenging due to high construction costs, significant financial risks, and the need for strong government support, despite their crucial role in decarbonisation and energy security, according to S&P Global Ratings. ADVERTISEMENT Nuclear energy is poised to play a crucial role in Europe’s decarbonisation and energy security efforts, but the financial and logistical …

The US has for years been a major destination for Chinese goods, but exporters are reducing their reliance on the world’s largest consumer market as Beijing and Washington feud over trade. ADVERTISEMENT Visitors who bought fridge magnets at Times Square or other tourist hotspots around New York in recent years are unlikely to have known they were buying something made …

Carrefour SA’s chief executive officer (CEO), Alexandre Bompard, has said that he will be issuing a public apology to Brazil’s government to smooth over a controversy sparked by the supermarket after it said that it would not be supplying South American beef to its French customers. ADVERTISEMENT Alexandre Bompard, Carrefour SA’s CEO, has agreed to issue a public apology to …