Chip shortage drags down sales at car parts maker Faurecia
French car parts maker Faurecia (EPED.PA) posted a more than 10% drop in third-quarter sales on Tuesday, as its customers cut production due to a
Category: Business
France’s Thales maintains 2021 targets as Q3 sales slip
The maker of radars for fighters and airport control towers, as well as biometric identity systems, also reported a 9% pick-up in quarterly orders on
Germany cuts 2021 GDP growth forecast, lifts 2022 estimate
The German government has cut its economic growth forecast for this year to 2.6%, but lifted its estimate for next year to 4.1% as supply
Japan’s Nidec raises profit outlook on strong auto, home appliance demand
Japan’s Nidec Corp (6594.T) increased its full-year earnings outlook by 6% on Tuesday, as the precision electric motor maker benefited from increased demand from home
Global supply chain logjams, costs in focus as restaurant chains report earnings
Investors hope to gauge the impact of the global supply-chain logjam on restaurant expansion plans when McDonald’s Corp (MCD.N), Starbucks Corp (SBUX.O) and Yum Brands
Novartis may divest generic unit Sandoz as price pressures mount
Novartis (NOVN.S) has raised the prospect of divesting its generic drugs unit Sandoz after years of revamping the business, as price pressures mount in the
Facebook invests billions in metaverse efforts as ad business slows
Facebook, which reported third-quarter profit up 17%, warned that Apple Inc’s (AAPL.O) new privacy changes would weigh on its digital business in the current quarter.