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Volkswagen plots major China push as trouble looms at home

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Bloomberg A year into his tenure, Volkswagen CEO Herbert Diess is entering critical months as he seeks to expand the carmaker’s sprawling Chinese operations while containing tensions at home in Germany. The Chinese market is leading a global shift towards electric vehicles and will take on a bigger role for the German automaker as both a production hub and a ...

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Rusal to invest $200m in new US aluminum mill as sanctions lifted

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Bloomberg Just months after being freed from US sanctions, Russia’s largest aluminum maker plans to invest in a new aluminum rolling mill in Kentucky. United Co Rusal, controlled by billionaire Oleg Deripaska until the US Treasury forced him to reduce his stake earlier this year, intends to invest up to $200 million in the plant being built by closely held ...

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London finance job openings halve in 2 years on Brexit jitters

London finance job openings halve in 2 years on brexit jitters copy

Bloomberg Job vacancies in London’s finance industry have halved in two years as uncertainty over Brexit knocks business confidence, a survey by recruiter Morgan McKinley has found. The number of jobs available in the city’s financial services industry and the number of finance professionals seeking new jobs have each fallen by more than half in the past two years, the ...

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