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French PM vows to protect economy if 2nd virus wave hits

Bloomberg France’s new government would seek to preserve the economy should a second wave of the coronavirus pandemic force it to bring back lockdown measures, Prime Minister Jean Castex said on Wednesday. “We won’t survive, economically and socially, an absolute and generalised lockdown,” Castex told BFM TV and RMC radio, adding that he advocated more targeted restrictions. France is still ...

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DHL to lay off 2,200 UK workers based at JLR

Bloomberg Logistics company DHL International plans to lay off as many as 2,200 UK workers based at Jaguar Land Rover (JLR) factories in the latest blow to automotive jobs in the nation. About two in five of the DHL employees at JLR’s UK factories face dismissal, the union Unite said in a statement. DHL linked about half of the reductions ...

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Daimler sharpens cost cutting with sales recovery on horizon

Bloomberg Daimler AG Chief Executive Officer Ola Kallenius will widen cost cuts to shore up returns, even as the German manufacturer signalled demand for cars and trucks started to recover from the most dramatic slump in decades. Mercedes-Benz car deliveries in China climbed to a record in the second quarter, truck orders are picking up, and global retail sales in ...

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