COPENHAGEN (Reuters) -Volvo Cars, majority-owned by China’s Geely, has brought back former CEO Hakan Samuelsson to head the company for the next two years at a turbulent time marked by mounting tariff pressures, replacing Jim Rowan who has run the group since 2022.Samuelsson, 74, takes the helm after U.S. President Donald Trump last week followed through on his threats for new tariffs on importe ...
(Reuters) - French oil group Maurel et Prom said on Monday that the United States had revoked its licence to operate in Venezuela, sending its shares plunging 15% in early trade.Reuters reported on March 29 citing sources that the Trump administration had notified foreign partners of Venezuelan state oil firm PDVSA of the imminent cancellation of authorisations that allowed them to export Venezuel ...
Investing.com - With the first quarter of 2025 drawing to a close, the benchmark S&P 500 index is in line for its first quarterly decline since the third quarter of 2023. Goldman Sachs sees two key policy shifts at the start of April - the announcements of reciprocal tariffs and the tapering of Fed quantitative tightening.U.S. President Donald Trump has indicated plans to announce additional t ...
By Lisa BarringtonSEOUL (Reuters) - Several airlines have updated their guidance on carrying lithium batteries onboard. The batteries are in devices such as cellphones and e-cigarettes, and can malfunction to produce smoke, fire or extreme heat.In 2024, three incidents of overheating lithium batteries on planes were recorded globally every two weeks by the U.S. Federal Aviation Administration, com ...