SHANGHAI, Nov 2 (Reuters) – Chinese electric vehicle maker NIO has suspended production at its factories in the eastern city of Hefei as rising COVID-19 cases and China’s heavy-handed response to outbreaks weigh on increasingly burdensome on manufacturing and the economy. The impact was also felt in the central city of Zhengzhou, where the industrial … Read more
BRUSSELS, Oct 13 (Reuters) – Alphabet’s Google unit (GOOGL.O) could face EU antitrust charges next year over its digital advertising business, exposing the company to its fourth fine in the EU of more than one billion euros, people familiar with the case said Thursday. Google’s advertising business, which generated more than $100 billion in sales … Read more
Streaming giant bets on new ad-supported service 30% cheaper The global TV advertising market is estimated at $153 billion “Grand initiative” in an inflationary environment – consultant Ad-supported service to launch in US and 11 other markets in November Oct 19 (Reuters) – Netflix Inc (NFLX.O) shook up the global entertainment industry a dozen years … Read more
Nervous companies abandon their investment plans The mini-budget forced borrowing costs higher Leaders want stability, not tax cuts LONDON, Oct 18 (Reuters) – British business owners are withdrawing investments as a crisis sparked in Westminster drives up borrowing costs and undermines confidence in an economy once seen by businesses as a haven of stability. Businesses … Read more