{
Derek Wallbank

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volkswagen faces margin decline as economic pressures mount in europe

Volkswagen's third-quarter margin has shrunk to 3.6%, the lowest since the pandemic, prompting plans to close three factories and cut jobs. The company faces significant challenges, including declining sales and ongoing negotiations with unions amid a contracting economy.In contrast, Alphabet's cloud numbers show a nearly 6% gain, with executives ramping up investments in data centers and chips. Standard Chartered's CFO expressed confidence in growth, targeting over 8 million clients by 2026, driven by strong performance in Asia and Africa.
bloomberg.com
Volkswagen AG Alphabet Inc. Tesla, Inc. Microsoft Corporation Standard Chartered PLC DEU CHN USA GBR Joe Biden Rachel Reeves Donald Trump Derek Wallbank Oliver Kreuk Show more
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09:57 30.10.2024
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