PARIS, Feb 9 (Reuters) - Renault plans to buy out stakes held by Volvo Group and shipping firm CMA CGM in their electric van joint venture Flexis, French newspaper Le Monde reported on Monday, following a review of the business plan as market growth falls short of expectations.
CEO François Provost, who took over last year, is accelerating efforts to streamline Renault's operations.
The French automaker is already planning to fold its... (continue reading...)
By Sergio Goncalves and Michael Francis Gore
LISBON, Feb 9 (Reuters) - The moderate Socialist candidate's decisive victory in Portugal's presidential election on Sunday showed that two-thirds of the electorate, including many conservative voters, united against his far-right rival, who likely topped out his support at 33%, according to analysts.
Still, the gains made by Andre Ventura compared to the first round last month and a general... (continue reading...)
By Timour Azhari
RIYADH, Feb 9 (Reuters) - Saudi Arabia's $925 billion Public Investment Fund (PIF) plans to announce a new five-year strategy this week, two people with direct knowledge of the matter said, in the biggest reset yet of Crown Prince Mohammed bin Salman's economic transformation plan.
The Saudi sovereign wealth fund soft-launched its new 2026-2030 strategy with key investors and strategic partners on Monday on the sidelines... (continue reading...)
WASHINGTON, Feb 9 (Reuters) - White House economic adviser Kevin Hassett said on Monday that Americans could see smaller job growth numbers in the coming months due to lower population figures and higher productivity.
The combination of strong GDP growth and a pretty big decline in the labor force "because of illegals leaving the country" could lead to lower job numbers, Hassett, director of the National Economic Council, said in an interview with... (continue reading...)
PARIS, Feb 9 (Reuters) - LVMH heir Antoine Arnault was promoted to the luxury group's executive committee on Monday, the latest high-profile appointment as CEO and chairman Bernard Arnault reshuffles leadership roles.
The family-controlled group is facing increased investor scrutiny over its governance structure, Reuters reported last month, with some investors calling for greater transparency on Arnault's succession plans.
Antoine... (continue reading...)
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