COPENHAGEN, March 26 (Reuters) - Novo Nordisk has appointed Poul Weihrauch, CEO of U. candy giant Mars, as board observer as the drugmaker seeks to strengthen its position in the highly competitive U.
Next and H&M are warning that if the Middle East conflict drags on, today’s freight headache could become tomorrow’s consumer squeeze.
Germany’s largest steel manufacturer, Thyssenkrupp Steel, is once again planning to temporarily suspend production of electrical steel at one of its plants due to high volumes of cheap steel imports from Asia. Production at the plant in Isbergues, France, is to be halted from June to September, the Duisburg-based company announced on Thursday.
A number of cruise ships have been stranded in the Middle East for the last few weeks due to the ongoing conflict.View on euronews
The company said that two LNG carriers are set to be delivered to an undisclosed client in Africa by May 2029.
The latest data from British Retail Consortium (BRC) shows consumer confidence in the UK “collapsing” as conflict in the Middle East continues.
The company outlined a phased wind-down across all its active markets, including Australia, Switzerland and Italy.
With the Hanover opening, REWE now operates seven Pick&Go locations in Germany.
Hong Kong aviation giant Cathay Pacific announced Thursday it was raising fuel surcharges on all flights by 34 percent as a result of increasing oil costs due to the Middle East war. It previously doubled fuel surcharges for most of its routes as a result of the war in the Middle East, and this week extended flight suspensions to and from Dubai and Riyadh until May 31.
The Iran war is "testing the resilience of the global economy," and is set to dampen economic growth this year, the Organisation for Economic Co-operation and Development (OECD) said in a report released on Thursday. Global growth is forecast to slow to 2.