Articles for Europe According

European consumers show restraint as Christmas shopping season kicks off
1 month ago

European consumers show restraint as Christmas shopping season kicks off

China Daily  

A woman chooses holiday decorations at a Christmas market at the Old Town Square in Prague, the Czech Republic, on Nov 30, 2024. VALLETTA - As Black Friday ushers in the 2024 Christmas shopping season, consumers across Europe are spending cautiously on holiday gifts, amid a sluggish economic recovery and declining consumer confidence. In Germany, consumer confidence is projected to …

Europe Consumer Economic Consumer Confidence Confidence French According
Nike layoffs hit Netherlands-based European headquarters
7 months ago

Nike layoffs hit Netherlands-based European headquarters

NL Times  

Nike has laid off staff at its European headquarters based in Hilversum, sources told Bloomberg. The layoffs in the Netherlands are part of a reorganization in which Nike wants to cut about 2 percent of its global workforce and slash costs by around 2 billion dollars. “The actions that we’re taking put us in the position to right-size our organization …

Europe Nike Bloomberg European
China’s economic planner woos European giants Airbus, BMW despite unresolved tensions over Ukraine
1 year, 6 months ago

China’s economic planner woos European giants Airbus, BMW despite unresolved tensions over Ukraine

CNN  

Hong Kong CNN — China has signed letters of intent to cooperate with many European corporate giants, as it attempts to mend relations damaged by Beijing’s perceived support for Moscow throughout the war in Ukraine. The agreements were signed this week between China’s top economic planner and European manufacturing conglomerates, including Airbus, BMW, Mercedes-Benz, Volkswagen, Siemens, and BASF, according to …

Europe China Ukraine Economic Chinese Beijing European
Google, Amazon find it ‘virtually impossible’ to lay off in Europe; here’s why
1 year, 9 months ago

Google, Amazon find it ‘virtually impossible’ to lay off in Europe; here’s why

Live Mint  

After announcing the largest rounds of layoffs in their history, US big tech companies are now learning how difficult it is to reduce headcount in Europe. In France, Google parent Alphabet Inc. is currently in talks to reduce headcount through voluntary departures, offering severance packages that it hopes are generous enough to get workers to leave, people familiar with the …

Europe France Germany Amazon Employees Negotiations According
Households a wild card as Europe moves to end Russian gas dependence
2 years, 3 months ago

Households a wild card as Europe moves to end Russian gas dependence

Live Mint  

COLOGNE : A painful push by businesses to cut their natural-gas use is bringing Europe closer to its goal of weaning itself off Russian energy. Businesses, facing skyrocketing prices during a widening economic conflict running in parallel with Russia’s invasion of Ukraine, have ratcheted down their gas use in recent months. Small gas consumers in Germany, including households, began cutting …

Europe Winter Ukraine Germany Gas Prices End
Investors circle largest corporate cash hoard ever in US
4 years, 1 month ago

Investors circle largest corporate cash hoard ever in US

Live Mint  

U.S. companies are sitting on the largest pile of cash ever. Cash holdings at nonfinancial companies grew to a record $2.1 trillion at the end of June, according to a report from Moody’s Investors Service. View Full Image Cash holdings Other measures show some of America’s largest companies continued to hang on to record cash stockpiles at the end of …

Companies Debt Treasury Bond Investors Europe According Hoard Cash