GF Casting Solutions, a division of GF, and Linamar Corp., Guelph (Ontario, Canada), have agreed that GF will sell its 50 % stake in the joint venture to its Canadian partner. The joint venture GF Linamar LLC commenced operations with a high-pressure die-casting facility located in Mills River, NC (US) in 2017. The company successfully … More GF to divest its stake in US automotive joint venture
The consumer price index (CPI) increased by 0.6% in March 2022 compared with the previous month, reaching 103.0 points (December 2020 = 100). Inflation was +2.4% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO). The 0.6 % increase compared with the previous month is … More Swiss Consumer prices increased by 0.6 % in March 2022
Annual inflation rose to 6.4 % using the Federal Reserve’s preferred gauge By guest author Gabriel T. Rubin from the Wall Street Journal. Consumer spending growth, a key engine of the economy, slowed sharply in February, as the Omicron surge of Covid-19 eased and inflation accelerated amid Russia’s invasion of Ukraine. U.S. households boosted their … More Inflation Weighed on U.S. Consumer Spending Growth in February
Swissnex is the global network connecting Switzerland and the world in education, research and innovation. Its mission is to support the outreach and active engagement of its partners in the international exchange of knowledge, ideas and talent. In 2021, Swissnex organized over 190 events and activities in collaboration with Swiss and international partners. … More Best of Swissnex 2021: The Annual Report is available online
The Supervisory Board of KLM intends to nominate Marjan Rintel as the new President and CEO of KLM. Rintel is currently President and CEO of Dutch Railways (NS), where she has worked since November 2014. Rintel is no stranger to KLM and – before joining NS – worked for the airline for 15 years in … More KLM nominates Marjan Rintel to new CEO
By guest author Georgia Wright from Retail Gazette H&M sales rise despite the retailer’s outlook remaining uncertain amid the war in Ukraine “Sales and profits for the quarter were impacted by the negative effects of the pandemic in many of the group’s major markets,” H&M said. H&M’s sales increased during its first quarter as the … More H&M sales rise as Russia clouds outlook