Recent Posts

Apple, Electrolux lift UK prices in Brexit X’mas pinch

  Bloomberg The Brexit squeeze on UK consumers tightened as Apple Inc. and Electrolux AB responded to the falling pound by charging more for their products in Britain. Apple quietly raised the cost of some of its machines including the “Mac Pro” by 20 percent overnight, while Sweden’s Electrolux said it’s boosting the prices of its home appliances by 10 ...

Read More »

Exxon may face historic reserves reduction

Bloomberg Exxon Mobil Corp. warned it may be facing the biggest reserves revision in its history as production sank to a seven-year low and profit slid amid a prolonged slump in energy markets. About 3.6 billion barrels of reserves in the Canadian oil sands and the equivalent of another 1 billion barrels of oil in other North American fields may ...

Read More »

‘Nissan informed UK that car plant would be closed’

  Bloomberg Nissan Motor Co.’s decision to keep investing in Britain came after the carmaker told the government it might shut down manufacturing in the country after Brexit, according to a person familiar with the private discussions. The Japanese automaker announced it would start making the X-Trail sport utility vehicle and the next-generation Qashqai at the Sunderland plant. But only ...

Read More »
Send this to a friend