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Automaker Stellantis has announced the resignation of its CEO, Carlos Tavares, effective immediately. The decision, described by board member Henri de Castries as stemming from “differences in viewpoints” between the executive and the board, leaves the company without a clear successor. Tavares, widely regarded as one of the most respected leaders in the automotive industry, issued a profit warning in September concerning Stellantis’ 2024 financial results, citing declining…
The Russian ruble has experienced a sharp decline in value over the past few days, reaching its weakest level since March 2022, when Russia had just launched its invasion of Ukraine. As of now, one US dollar (around €0.95) is worth approximately 108 rubles. The depreciation is not limited to the dollar. The ruble has also weakened significantly against the euro and the Chinese yuan. Currently, over 113…
British airline EasyJet has announced significant profits, driven by a growing trend among travelers to book complete vacation packages, including flights and accommodations, directly through the airline. This trend reflects a resurgence in travel demand as people are eager to take holidays again. In markets such as Germany, England, and France, EasyJet offers customers the convenience of booking transport and lodging in one place. These package deals contributed…
Donald Trump has announced that, if he is re-elected as President of the United States, he will impose significant import tariffs on China. Canada and Mexico are also expected to face similar measures. On his social media platform, Truth Social, Trump stated that these tariffs are being introduced to combat illegal immigration and drug trafficking. Trump is proposing a 10% import tariff on products exported from China to…
Disney has agreed to a $43 million settlement (€41 million) over allegations that thousands of women were paid less than their male counterparts for years. The settlement still requires court approval. The company maintains that it has always aimed to pay its employees fairly. The settlement covers thousands of women who have worked for Disney as employees since 2015. The case began in 2019 with Ronda Rasmussen, a…
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