Business and Economy

Business and Economy Latest News

Volvo Cars cuts sales forecast on market headwinds
Volvo Cars cuts sales forecast on market headwinds
by  AFP

Sweden's Volvo Cars on Wednesday drastically cut its sales forecast for the year, saying car markets in China, Europe and the United States are "increasingly under pressure." "The car market in our main regions of China, Europe and the US is increasingly under pressure which affects demand," Rowan said.

Deutsche Bank profits boosted by legal settlements
Deutsche Bank profits boosted by legal settlements
by  AFP

Germany's biggest lender Deutsche Bank on Wednesday reported a sharp jump in third-quarter profits, boosted by the settlement of investor lawsuits related to a troubled takeover. Profits were lifted by a settlement in August with some former shareholders of Postbank, who took legal action against Deutsche Bank alleging that a takeover had shortchanged them.

Energy

Money

Industry

Technology

Economy