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...Austrian energy drinks company Red Bull, which owns the team, did not immediately respond to a request for comment....
...The OECD said on Monday that Germany’s economy would expand by just 1.1 per cent in 2024, a much lower rate than the OECD average of 3 per cent....
...Indian steelmaker JSW last month launched a $1.5bn tie-up with China’s SAIC Motor to build and sell EVs in India....
...Proprium is selling its stake for €1.25bn, having acquired it for €65mn in 2007, providing the company with a more than 20-times return on invested equity when dividends are taken into account....
...Car owners have been squeezed by a surge in insurance prices since their pandemic lows, as companies try to reflect a surge in claims costs....
...In a study published last year, Transparency International’s Spain arm said the country had granted 2,700 visas to Chinese citizens and more than 1,100 to Russians....
...The final on Thursday and Friday (noon GMT start) will be Carlsen v Caruana, World No 1 v No 2 and a repeat of the 2018 classical world championship match....
...Motor finance loans represented 22 per cent of the FTSE 250 lender’s gross loan book at the end of 2021, according to Fitch, compared with just 3.1 per cent for Lloyds....
...Over the weekend, Tesla also announced a price cut of Rmb14,000 ($1,933) for models sold in China....
...The world of used-car sales gets a bad rap. A UK regulatory review into motor finance commissions extends that stigma to the sector’s lenders....
...Nevertheless, the companies said they were not considering a capital tie-up for now but did not rule out the possibility....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Aston’s shares have halved under Felisa’s tenure, amid concerns about the company’s finances. Last week Aston announced it had raised £1.15bn through its latest refinancing....
...A smaller 2017 trial of exenatide, another GLP-1 diabetes drug originally marketed by Eli Lilly in 2005, showed improvement in motor symptoms for patients with moderate Parkinson’s....
...AECOC, a trade group for manufacturers and retailers, estimates that Spanish businesses lose €1.8bn of goods a year because of shoplifting as well as administrative errors....
...The company “may have some hybrids for longer, maybe just for a couple of years”, Hallmark said. “We’re not talking about 2035 or 2040, just a few years around the 2030 period....
...The transaction is also the latest in a series of takeovers in the UK motor retail sector where consolidation has meant only Vertu and Caffyns remain....
..., Spain, Greece and Ireland as a result of productivity improvements....
...Under takeover rules, Ageas has until March 27 to announce whether it has a firm intention to make an offer. Direct Line’s shares were 1 per cent higher in early trading....
...Its revenues reached £1.7bn last year, up from £1.2bn in 2022. In contrast to some rivals, the US is not a key market for 888....
...Large energy companies pay a 1.2 per cent levy on revenues....
...While UK car production peaked at more than 1.6mn before the Brexit vote in 2016, the closure of Honda’s Swindon plant in 2021 and JLR’s downsizing strategy mean the country can make up to 1.1mn cars a year...
...a six-week strike that cost it $1.1bn....
...One client, from a US tech company, studied aerodynamics and opted to draw his own vehicle, which Ferrari made....
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
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