Business News
Business News
Trudeau told Trump the Canadian border isn’t like Mexico’s
Canada’s ambassador to the United States said Sunday that Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump and key Cabinet nominees to understand that lumping Canada in with Mexico over the flow of drugs and migrants into the U.S. is unfair. Kirsten Hillman, Canada’s ambassador in Washington, told The Associated Press in … Read more
Dollar faces crunch week for US rates, yen holds gains
By Wayne Cole SYDNEY (Reuters) – The dollar started in a cautious mood on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while the yen’s recent rebound was underpinned by wagers on rising rates at home. Over the weekend, Bank of Japan Governor Kazuo Ueda … Read more
Stellantis CEO Tavares resigns amid lagging US sales By Investing.com
Investing.com– Stellantis NV (NYSE:) said on Sunday that CEO Carlos Tavares will step down effective immediately, and that his replacement will be appointed within the first half of 2024. Tavares’ resignation comes as the automaking giant grapples with lagging sales, especially of its Jeep and Ram sales in North America. A slew of reports in recent … Read more
Moana 2 sets box office record after Disney revamp from streaming
Christmas came early at the box office this year. “Moana 2” brought in a tidal wave of moviegoers over the Thanksgiving Day weekend, setting records with $221 million in ticket sales, according to studio estimates Sunday. That, combined with “Wicked” and “Gladiator II,” made for an unprecedented weekend in cinemas and a confluence of blockbusters more like what’s often found … Read more
Stellantis CEO Carlos Tavares steps down as carmaker continues struggle with slumping sales
NEW YORK (AP) — Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping sales. The world’s fourth-largest carmaker announced that its board accepted Tavares’ resignation Sunday, effective immediately. Stellantis noted Sunday … Read more
White House hosts AIDS Memorial Quilt for first time By Reuters
By Jeff Mason WASHINGTON (Reuters) – U.S. President Joe Biden and first lady Jill Biden on Sunday hosted AIDS survivors, advocates, and family members who lost loved ones to the disease for a display of the AIDS Memorial Quilt at the White House, the first time it has been shown there in its decades-long history. … Read more
Stellantis hit by sales slide in US and Europe
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stellantis’s revenue fell 27 per cent in the third quarter as the owner of Peugeot, Fiat and Jeep suffered sharp sales declines in the US and Europe. But shares in the group were up more … Read more