BERLIN (Reuters) -Volkswagen’s cost-cutting programme in Germany, signed off with unions last December, has so far led to an average cut in factory costs of 13%, brand CEO Thomas Schaefer told the Financial Times at a conference on Tuesday. Managers and works council representatives recently reported progress towards cost-cutting targets at the carmaker’s first quarterly review since the agree ...
RIYADH/DUBAI (Reuters) -U.S. President Donald Trump secured a $600 billion commitmentfrom Saudi Arabia on Tuesday to invest in the United States after the oil power accorded him a gala welcome at the start of a tour of Gulf states. A slate of high-profile business deals across Riyadh, Doha and Abu Dhabi were being unveiled this week, with artificial intelligence and emerging technologies taking c ...
(Reuters) -UnitedHealth Group CEO Andrew Witty has stepped down unexpectedly and company veteran Stephen Hemsley is returning to the top role to steer the healthcare conglomerate through one of its most challenging periods. The company has grappled with a series of challenges over the past year: a surge in medical costs, a cyber attack at its tech unit, the killing of its insurance unit head and ...
Investing.com -- U.S. President Donald Trump announced on Tuesday his intention to lift all sanctions against Syria. He stated that while the sanctions had served a crucial role, it was now time for Syria to progress.Trump declared his decision at an investment forum in Riyadh, where he stated, "I will be ordering the cessation of sanctions against Syria in order to give them a chance at greatness ...