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...Griggs said that having tax under one umbrella reflected how clients bought services from PwC....
...Humpton said there would be a lot of debate about US industrial policy during the current “hot political season”, but most politicians understood that business needs “stability and predictability”....
...IDS is comprised of Netherlands-based parcels business GLS and the UK’s Royal Mail, the postal service and courier company....
...Should the professional service firm be sentenced to pay damages to Wirecard shareholders, it could shift its existing audit business into the new entity and declare the old one insolvent, he warned....
...Sunday with a high-profile business delegation including the chief executive of Siemens and the incoming boss of BASF....
...Siemens has reported record profits in its flagship industrial business, while warning of slowing sales growth in the next year....
...Siemens Energy said it is targeting €400mn of cost cuts at its struggling wind turbine business after huge losses forced it to take a €15bn government-backed bailout last week....
...Siemens Energy has said it is targeting €400mn of cost cuts at its struggling wind turbine business after huge losses forced it to take a €15bn government-backed bailout last week....
...The group said it was restructuring its wind turbine business, Siemens Gamesa, after confirming steep losses which it described as an “unexpected, serious setback”....
...He was chief executive of industrial conglomerate Siemens UK from 2014 to 2019....
...In May last year, Siemens Energy bought out the minority shareholders in the wind business, taking full control the next month. Siemens still has a 25 per cent stake in Siemens Energy....
...Siemens warned of slowing sales growth in the next year owing to flat growth in China, even as it reported record profits in its flagship industrial business....
...Siemens Energy has repeatedly stressed that the other parts of its business — including gas and power businesses — are in strong financial health....
...The group added that “strong growth in order intake, particularly in the former gas and power business areas, leads to a rising need of guarantees for long-term projects.”...
...Tesco’s decision to quit the business comes after rival J Sainsbury last month said it planned a “phased withdrawal” from its banking business and would instead sell financial services through third parties...
...The bank’s profits rose 28 per cent in the first quarter, buoyed by its hallmark trading business....
...Hultquist speculated that the leak, which was released on Microsoft’s GitHub, an online database and software development platform, could have come from a rival intelligence service, a dissatisfied insider...
...The DAX-listed supplier of products and services for the renewable and fossil fuel power industries said that the issues at Siemens Gamesa “demonstrate the challenges” of turning around the business, which...
...Apple faces a legal reckoning in 2024, with a series of regulatory decisions by US and EU authorities over the coming months set to determine the future of its $85bn-a-year services business....
...Moody’s expects business services, healthcare and “high-tech industries” to have the most defaults this year....
...Big share price moves in Europe today include Germany’s Siemens Energy, German software company SAP, and German sportswear company Puma: Siemens Energy: Shares in the energy company added 9 per cent, leading...
...Stephanie Cohen, one of the most senior female executives in Goldman Sachs’ history, is leaving to become chief strategy officer of digital services group Cloudflare....
...Demand for Siemens’ factory automation services has fallen, particularly in China, the German industrial conglomerate said as it reported earnings that fell short of analyst expectations....
...There are no plans to sell any part of our business at this time.”...
...The performance was boosted by faster than expected growth in Alphabet’s Google Cloud services business, which reported revenue of $9.2bn, a 26 per cent rise from the same period last year....
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