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China’s CATL presses ahead with battery plans for North America

China’s CATL (300750.SZ), the world’s largest battery maker, is pressing ahead with plans to deliver lower-cost lithium iron batteries to Ford Motor Co (F.N) and with plans for battery production

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Maersk sees weaker container demand as durable goods sales dry up

Shipping group Maersk (MAERSKb.CO) expects global container demand to fall this year as sales of durable goods come to a “standstill”, leaving flat-screen TVs and furniture piling up in warehouses,

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Nintendo Switch sales slump on chip shortage

Japan’s Nintendo Co Ltd (7974.T) sold 23% fewer Switch consoles in the April-June quarter than a year earlier following chip shortages, it said on Wednesday. The Kyoto-based gaming company said

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Slowdown beckons as euro zone retail sales drop more than expected

Euro zone retail sales plunged in June and factory gate prices continued to rise, data showed on Wednesday, adding to fears the 19-country single currency zone is heading for recession.

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Siemens supervisory board employee reps against further splitting-up

Siemens’ (SIEGn.DE) new supervisory board is committed to doing away with the portfolio policy of the past, said influential employee representatives on the board, who added that they were opposed

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Big Oil offers big returns but keeps spending tight

The West’s energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy

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Italy parliament approves competition bill to unlock European funds

The Italian parliament has given its final approval to a highly contested bill to promote competition in product and services markets, required to help secure a new tranche worth 19

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