costs
By Victoria Waldersee and Christoph Steitz BERLIN/FRANKFURT (Reuters) – As Volkswagen (ETR:) and unions gear up for the next round of talks over wages and plant closures in Germany, company and industry data reviewed by Reuters show that the automaker spends a higher proportion of sales on labour costs than…
Tim Laielli, 34, freezer-preps 16-portion meals for his family to save time and money.Frozen food last a lot longer, and a chest freezer allows him to store many different meals at once.Buying ingredients in bulk is cheaper, and freezing gives his family more flexibility with meals.For many parents, cooking for…
By Pesha Magid, Hadeel Al Sayegh and Federico Maccioni RIYADH/DUBAI (Reuters) – Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting global sporting events over the next decade as rising costs weigh, three sources told Reuters a day after the sudden…
By Joanna Plucinska LONDON (Reuters) – Europe’s major airlines including Lufthansa and Air France-KLM are expected to report another quarter dragged down by rising costs and limited planes, with no sign of delivery delays from planemakers Boeing (NYSE:) and Airbus improving any time soon. While demand has remained stable, costs…
My partner and I travel around the world by housesitting stranger’s homes.In exchange for a free place to stay, we look after people’s homes, pets, and plants.Since our housing costs are basically zero, we love this lifestyle and have no plans to stop. I’ve always had the travel bug, and…
By Selena Li, Engen Tham and Sumeet Chatterjee HONG KONG/SHANGHAI (Reuters) – HSBC Holdings Plc (LON:) is reviewing expenses and operational controls at its China digital wealth business Pinnacle, in a move that could result in layoffs and mark an abrupt reversal of the lender’s ambition for the unit, several…
Lisa Jolly pays less for her health insurance thanks to enhanced premium tax credits.These subsidies aim to reduce the price of health insurance purchased through the ACA marketplace.The subsidies could expire next year, increasing the costs of health insurance for millions. When Lisa Jolly enrolled in the Affordable Care Act…
By Marie Mannes and Helen Reid STOCKHOLM (Reuters) -H&M scrapped its margin target for 2024 as higher discounting, costs and fierce competition hurt operating profit in the third quarter, denting shares in the world’s second-biggest listed fashion retailer. The Swedish retailer had cautioned in June that factors such as material…
Investing.com — Shares of H&M (ST:) Group fell on Thursday after it reported a drop in gross profit, which fell 2.8% on a year-on-year basis to SEK 30,133 million. Net sales for the quarter fell 3.1% on a year-on-year basis to SEK 59,011 million. At 3:34 am (0734 GMT), H&M…
The US Navy’s newest submarine program is expected to run $17 billion over its budget through the end of the decade as problems with once-smooth submarine construction deepen, a key House lawmaker said.The news comes after a major report earlier this year revealed the Navy’s biggest projects, including new Virginia-class…