Tag: companies

European banks leaving Russia would hurt Western and Russian companies, Kremlin says

MOSCOW (Reuters) -European banks leaving Russia would damage both Western and Russian companies, Kremlin spokesman Dmitry Peskov said on Tuesday, pointing to the many Western businesses that still operate and use banking services in Russia. With most major Russian banks under Western sanctions over Russia’s February 2022 full-scale invasion of Ukraine, foreign banks including Austria’s […]

Denmark Lures Lego, Family-Owned Companies to Stay With Tax Cuts

(Bloomberg) — Denmark’s government wants to cut taxes and ease rules for family-owned companies as it seeks to ensure that national treasures such as Lego A/S stay in the Nordic country. Most Read from Bloomberg The 1.8 billion-krone ($260 million) plan aims to prevent that companies going through generational change are bought by foreign investors […]

Chinese car companies want retaliatory tariffs on EU cars – reports

Chinese automakers have reportedly urged Beijing to hike tariffs on petrol engine cars imported from the EU, according to a Chinese newspaper report. The move would be in response to new planned EU import tariffs applying to Chinese made electric vehicles – which a Brussels probe has concluded benefit from anti-competitive subsidies. A response by […]

Four years after George Floyd’s death, are Detroit companies meeting DEI promises?

Four years ago, George Floyd, a Black man, was killed by police, sparking nationwide protests and prompting leaders of large corporations, including nine in Michigan, to pledge donations and create initiatives aimed at addressing racial disparities. A few weeks after Floyd’s death, those nine executives representing some of the biggest companies in metro Detroit joined […]