Category: Business

Japanese automaker Mazda Motor Corp said on Thursday it expects a chip shortage to affect its vehicle production from this month. Mazda will revise its production plans based on the current assumption the shortage will affect around 7,000 vehicles globally in February, chief executive Akira Marumoto said on a post-earnings call. The semiconductor shortage, which […]

Ant Group Co plans to spin off its consumer-credit data operations, people with knowledge of the matter said, a concession to aggressive regulators that should help the Chinese fintech giant get its massive public share sale back on track. Hiving off the treasure trove of data on more than 1 billion people is a key […]

Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last year, accounting for more than 10% of overall sales, data showed on Thursday. The data released by the European Automobile Manufacturers Association (ACEA) showed sales of fully-electric and plug-in hybrids surged to 1.046 million vehicles from […]

Europe needs to stump up cash to boost its chip industry, a board member of the continent’s largest carmaker Volkswagen said, pointing to a global semiconductor shortage that has highlighted dependence on foreign players. “We won’t produce chips ourselves,” Markus Duesmann, Volkswagen’s board member in charge of research & development and head of luxury unit […]

Unilever restored its pre-pandemic sales growth target on Thursday, underwhelming investors seeking more ambitious goals amid strong consumer demand for plant-based food products and home care brands. The Ben & Jerry’s ice cream and Dove soap maker said it would be “laser focused” on driving top line sales growth and would invest 1 billion euros […]

The Labor Department said on Thursday nonfarm productivity, which measures hourly output per worker, dropped at a 4.8% annualized rate last quarter. That was the deepest pace of contraction since the second quarter of 1981. Data for the third quarter was revised higher to show productivity growing at a 5.1% pace instead of the previously […]

Germany’s financial watchdog has ordered Goldman Sachs’ European arm to comply with rules to prevent money laundering and terrorist financing, it said on Thursday. The watchdog, BaFin, said it had asked Goldman Sachs to comply with due diligence obligations regarding customers and risk analysis requirements under Germany’s anti-money laundering laws. Goldman Sachs said in a […]