Recent Posts

BMW signs long-term chip deal after global shortage hits output

  Bloomberg BMW AG signed a long-term deal to secure semiconductors for in-car lighting systems after a global shortage of the components led to shutdowns at some of its factories. The automaker said it signed an agreement with Inova Semiconductors and Globalfoundries Inc., guaranteeing the supply of “several million” chips per year. The components will provide controls for ambient lighting ...

Read More »

France restricts travel from UK

  Bloomberg France is imposing tougher rules on people arriving from the UK, including a requirement to self-isolate, to slow the spread of Covid-19’s omicron variant. The measures are introduced after new daily cases in the UK rise to a record. The rise in infections is hitting economic activity across the euro area. Restrictions in the services sector halted recovery ...

Read More »

Euro area activity drops to 9-month low on resurgent virus

  Bloomberg Euro area economic activity slowed as rising coronavirus cases hurt service providers to offset an improvement in manufacturing output. Inflation pressure eased a little. A composite gauge for both sectors fall to 53.4 in December from 55.4 the previous month, according to a survey of purchasing managers by IHS Markit. Services activity grew at its weakest since April ...

Read More »
Send this to a friend