Jens Weidmann's departure from the European Central Bank is the most tangible sign yet that ECB President Christine Lagarde's efforts to win over dissenting policymakers have hit a dead end…
Category: Business
China coal futures slump as gov’t signals intervention to ease power crisis
China's thermal coal futures fell by their trading limit for the third evening session in a row on Thursday, extending losses triggered by signs Beijing may intervene to cool surging…
Goldman Sachs, Freshfields working on possible Porsche IPO -Manager Magazin
Investment bank Goldman Sachs (GS.N) and law firm Freshfields are among advisors working on a possible listing of Volkswagen's (VOWG_p.DE) luxury unit Porsche AG, Manager Magazin reported on Thursday, without…
Inflation watch: Corporate chiefs see prices moving in only one direction
For central bankers wrestling with the question of whether inflationary pressures are transitory, industry chiefs around the world have a clear message: prices are only going higher. Shortages of workers,…
Footwear maker Crocs plans to outrun supply chain woes; shares jump
Crocs Inc (CROX.O) raised the lower end of its annual revenue forecast, as it prepares to counter supply constraints by shifting some production out of Vietnam where factory shutdowns have…
Just Eat CEO says Grubhub will be part of US delivery consolidation
The chief executive of Just Eat Takeaway.com (TKWY.AS) said on Thursday he expects newly acquired Grubhub to eventually be part of a consolidation in the U.S. delivery market, but signalled…
Dutch forensic lab says it has decoded Tesla’s driving data
The Dutch government's forensic lab said on Thursday it had decrypted electric carmaker Tesla Inc's (TSLA.O) closely guarded driving data-storage system, uncovering a wealth of information that could be used…