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Keywords: Business
BP’s interim chairman Ian Tyler is reportedly interested in taking on the role permanently following the departure of his predecessor, according to a report by Sky News. The development comes after BP removed former chairman Albert Manifold from the position in May, less than eight months after......
German automotive supplier Continental AG has agreed to sell its ContiTech division to private equity firm Lone Star Funds in a transaction valued at approximately €4.6 billion, marking a major step in the group’s strategy to refocus on its core tyre business. The deal underscores ongoing......
A Virginia-based mental health startup has highlighted how artificial intelligence is increasingly shaping entrepreneurship, after using AI tools to move from an initial concept to a multi-state healthcare provider in just over a year. The company, Here Now Health, has grown from a home-based idea into......
Britain's services sector contracted for a second consecutive month in June, with business activity falling at its fastest pace since early 2023 as the economic effects of the conflict involving Iran continued to weigh on companies. The latest S&P Global Services Purchasing Managers' Index......
France's services sector remained in contraction in June, with business activity declining more than initially estimated as weak demand, persistent inflationary pressures and subdued confidence continued to weigh on the country's economy. According to the latest S&P Global survey, the France......
The eurozone's services sector remained in contraction in June, but the pace of decline slowed significantly as inflationary pressures eased at a record rate, helping stabilize business activity across the currency bloc. According to the latest S&P Global Purchasing Managers' Index (PMI)......
Italy's services sector returned to growth in June, ending a three-month period of contraction as easing cost pressures and improving business conditions helped lift activity, according to the latest purchasing managers' survey. The S&P Global Italy Services Purchasing Managers' Index......
Germany's services sector remained in contraction for a third consecutive month in June, although the pace of decline eased as cost pressures moderated and business activity proved more resilient than initially estimated. The latest HCOB Germany Services Purchasing Managers' Index (PMI), compiled......
Volkswagen is preparing a major overhaul of its employee performance and compensation framework, with plans to eliminate its current bonus system from 2027 as part of a broader corporate transformation, according to a report published by Germany's Bild newspaper. The changes are expected to form......