TOKYO (Reuters) – Toyota Motor Corp will halt more production in Japan this month because COVID-19 infections among autoworkers had slowed supplies of parts, the company said on Monday. That disruption, which comes amid a shortage of semiconductors, will cut planned production this month by 65,000 vehicles, 18,000 more than it announced last week, a…
By Lindsay Dunsmuir (Reuters) – As the U.S. Federal Reserve pivots on monetary policy and flags it may raise interest rates as many as four times this year to tame inflation running at a 40-year high, the composition of the rate-setting committee changes for 2022, starting at this week’s meeting. Fed Board members always have…
By Tom Wilson and Medha Singh LONDON (Reuters) -Bitcoin tumbled almost 9% on Monday to its lowest in six months as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off. The largest cryptocurrency was trading down 8.8% at $33,058, its lowest since July 23, taking losses from its all-time high…
By Jonathan Cable LONDON (Reuters) -The euro zone economic recovery weakened this month, despite an upturn in Germany where factories benefited from an easing in supply chain bottlenecks, as renewed restrictions put a dent in the bloc’s dominant services industry, a survey showed. With the Omicron coronavirus variant sweeping across Europe governments have been encouraging…
BERLIN (Reuters) – Volkswagen’s carbon emissions from passenger vehicles in 2021 were around 2% under the European target limits at 118 grams per kilometre, according to preliminary figures, the carmaker said on Monday. A total of 472,300 electric vehicles were delivered in the EU, Norway and Iceland in 2021, 64% above the previous year, Volkswagen…
By Tom Wilson and Wayne Cole LONDON/SYDNEY (Reuters) – Shares across the world fell on Monday as the prospect of a Russian attack on Ukraine quashed demand for riskier assets, bolstering the dollar, buoying oil and bruising bitcoin. The U.S. State Department said on Sunday it was ordering diplomats’ family members to leave Ukraine in…
LONDON (Reuters) – The euro zone economic recovery weakened further this month as renewed restrictions imposed to contain the Omicron coronavirus variant put another dent in bloc’s dominant services activity and as prices continued to soar, a survey showed on Monday. With the variant sweeping across Europe governments have been encouraging citizens to stay home…
(Reuters) -Unilever’s shares rose 5% on Monday following reports activist investor Nelson Peltz has built a stake in the consumer goods maker, as its strategy comes under scrutiny after a short-lived pursuit of GSK’s consumer healthcare arm. Peltz’s activist hedge fund, Trian Partners, has built an unspecified stake in Unilever, a person familiar with the…
LONDON (Reuters) -Advertising giant M&C Saatchi has rejected a fresh takeover offer from the acquisition vehicle of its top shareholder Vin Murria. Murria’s AdvancedAdvT said on Monday that it had proposed to offer 2.245 of its shares for each M&C Saatchi share, representing a 20.7% increase on its previous proposal, but that the agency’s independent…
AMSTERDAM (Reuters) -Dutch health technology company Philips said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortage of parts is likely to persist in the coming months. Philips earlier this month warned that supply chain woes would hit profit and a…
