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Bloomberg Jaguar Land Rover (JLR) will announce plans early next year to cut thousands of jobs as part of a turnaround strategy, the Financial Times reported, citing several unidentified people close to the company. The UK luxury carmaker, owned by India’s Tata Motors Ltd, will outline the measures in January as part of a three-year cost-cutting programme, the report said. ...

Bloomberg Takeda Pharmaceutical Co.’s credit rating was cut by Moody’s Investors Service, which cited the drugmakers’ ballooning debt level following its $62 billion acquisition of Shire Plc. Moody’s cut Takeda’s credit rating three notches to Baa2 from A2, according to a statement. That’s still investment grade, and Moody’s said the outlook is stable based on expectations that Takeda will reduce ...

Bloomberg Greenhouse gas emissions from power plants, cars and other uses of energy in the US are on the rise again after several years of declines, according to new government data that defies the Trump administration’s argument for rolling back regulations to fight pollution. Energy-related carbon dioxide emissions — a category that includes electric power generation and transportation fuel use ...

Bloomberg US factory production was unchanged in November and the prior month’s reading was revised to a decline from a gain, a sign the industry may be taking a breather while still growing at a pace that supports economic growth. Factory output was unchanged after a 0.1 percent decrease that was revised from a 0.3 percent gain, Federal Reserve data ...

Bloomberg Denmark’s government cut its forecast for economic growth this year and the next, voicing concern over cooling international trade and uncertainty about Britain’s exit from the European Union. Denmark expects growth to slow further in 2020, according to a document seen by Bloomberg. Weaker global trade will hit the Danish shipping industry and limit exporters’ access to key markets, ...

Bloomberg Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of Lithuania, the eastern European country’s central bank, granted Revolut the regulatory approval that gives it permission to operate throughout European Union. While London has been a ...

Bloomberg Brokers have been quick to blame the uncertainty around Brexit for downturn in London property values, but beneath the surface there’s a number of factors suggesting declines may be inevitable no matter what the outcome. Home price growth in the city has turned negative, according to a Bloomberg analysis of Land Registry data, months after analysts expected them to ...

Bloomberg Protests against Hungarian Prime Minister Viktor Orban’s regime grew as an initial call to repeal a law on overtime work widened into a demand for a return to liberal democracy, including independent courts and free public media. The demonstration was the biggest of four in five days and highlighted the backlash against Orban’s centralisation of power. The 55-year old ...

Bloomberg Clashes between Nigerian farmers and herders killed at least 3,641 people in the past three years, with more than half of the deaths occurring in 2018, Amnesty International said. The London-based human rights organisation blamed the escalation in the conflict on the authorities’ failure to investigate the violence or prosecute perpetrators, according to the report on its website. The ...

Bloomberg A number of men attacked security guards and set cars on fire at a repossessed house in western Ireland, as anger at repossessions since the financial crisis bubbled over. As many as 20 men armed with baseball bats attacked the rural property in Co. Roscommon, state broadcaster RTE reported. A number of people were injured, with three requiring hospital ...