Articles by News Page 16

Daimler to slash jobs in €1.4bn cost-cutting drive

German car maker to lay off 10 per cent of managers worldwide to offset costly shift to electric vehicles News
McDonald’s launches toy recycling trial

The old toys will be recycled into new products from coffee cups to bins, outdoor play equipment and vegetable planters to be gifted to communities. News
Burberry and Cathay Pacific take a hit from Hong Kong protests

The luxury fashion house and Hong Kong-based carrier report declines after five-month long protests in the city. News
Value of Chinese crypto NEO surges by 16%

Smart contract-based alt coin benefits from renewed Chinese enthusiasm for blockchain News
Trump lambasts the Federal Reserve and calls for negative interest rates

As Fed chairman prepares to testify, Trump emphasises America’s need to stay competitive News
Wetherspoons boss Tim Martin hits out at corporate governance rules

The boss of the pub group said advisers are wrong to suggest he should have more non-executives and said advisory firms were too inexperienced. News
Taylor Wimpey positive despite political uncertainty

The housebuilder said the market remains resilient, although signs of stress are being seen in London and the South East. News
Wizz Air upgrades forecasts despite higher fuel costs

The airline said 18% more passengers flew on its planes in the first half of the year. News
Electric car maker Tesla to build factory near Berlin

Elon Musk said the company will also set up an engineering and design centre in Germany. News
Oil demand to slow from 2025 but world will miss its sustainability targets

The International Energy Agency predicts sustainability targets are unlikely to be met News
Trump expected to delay EU auto tariffs for a second time

Automakers and others expect a delay to the imposition of tariffs on cars and auto parts News
Vodafone stock gains following earnings forecast upgrade

Vodafone stock surges following earnings adjustment and growth – but it could soon withdraw its operations from India News
Twitter launches tools to protect political debate ahead of UK general election

Tools from Twitter include new election emoji News
UK employment sees biggest decline for four years as job vacancies slump

Wage growth also saw a second consecutive month of decline as earnings remained below their pre-financial crisis peak. News
B&M writes off struggling German business Jawoll

The impairment from Jawoll, which has been under pressure despite growing revenue, will cost B&M almost £60 million. News