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Audi CEO sees chip shortage as ‘perfect storm’ but will get through it

October 19, 2021October 13, 2021 - by dcmipubsorg

Premium car brand Audi, Volkswagen’s (VOWG_p.DE) biggest profit contributor, has to troubleshoot on a day-to-day basis to tackle an ongoing shortage of auto chips, its chief executive said. “We had …

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Business

Abu Dhabi’s Etihad seeks to hire up to 1,000 cabin crew

October 18, 2021October 13, 2021 - by dcmipubsorg

Abu Dhabi’s Etihad Airways said on Monday it planned to hire up to 1,000 cabin crew as travel demand rebounds with the easing of international border restrictions and it increases …

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Business

Euro zone investor morale slumps to 6-month low

October 17, 2021October 13, 2021 - by dcmipubsorg

Investor morale in the euro zone fell for the third month in a row in October and hit its lowest level since April on dimming economic expectations, a survey showed …

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Business

Sainsbury’s stock higher on hopes of interest from Morrisons loser

October 16, 2021October 13, 2021 - by dcmipubsorg

Shares in British supermarket group Sainsbury’s (SBRY.L) rose as much as 3.7% on Monday on hopes SoftBank’s (9984.T) Fortress Investment, which lost out in the auction for Morrisons (MRW.L), may …

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Business

Volvo Cars reports 30% sales drop in September as chip crisis weighs

October 15, 2021October 13, 2021 - by dcmipubsorg

Geely-owned Volvo Car Group’s monthly sales fell 30.2% from a year ago in September, dented by the global component shortage, the Sweden-based automaker said on Monday. The company warned last …

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Business

Qantas extends Emirates alliance for another five years till 2028

October 14, 2021October 13, 2021 - by dcmipubsorg

Australia’s Qantas Airways Ltd (QAN.AX) and Dubai-based Emirates would extend their partnership for another five years till 2028, they said on Monday, as both airlines battle with the impact of …

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Business

Tikehau Capital aims for around 5 bln euros of assets dedicated to tackling climate change

October 13, 2021October 13, 2021 - by dcmipubsorg

French investment company Tikehau Capital (TKOO.PA) said on Monday it was hoping to manage at least 5 billion euros ($5.8 billion) worth of assets by 2025 that would be dedicated …

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