Heineken NV plans to cut about 8,000 jobs, the Dutch group said on Wednesday, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavirus restrictions.
AMSTERDAM: Dutch brewing giant Heineken said on Wednesday (Feb 10) that it would cut around 8,000 jobs worldwide as the COVID-19 pandemic kept much of the hospitality sector closed. Heineken, the world's number two brewer, said it recorded a net loss of €204 million (US$247 million) in 2020, a...
Dutch brewer Heineken said it was cutting around 8,000 jobs following a review of its operations launched in October.
Shipping group Maersk reported fourth-quarter profit in line with expectations on Wednesday and said it expects higher earnings this year.
Macquarie, the world's largest infrastructure investor, has raised 1.6 billion euros (US$1.93 billion) for its second global renewables fund, driven by strong demand from institutional investors in Britain and Germany.
German conglomerate Thyssenkrupp on Wednesday raised its full-year outlook for sales, cash flow and profits, citing improved demand for automotive components and materials.
A recovery in global trade is expected to slow again in the first quarter of 2021 as the coronavirus pandemic keeps disrupting the travel industry after world trade contracted 9per cent in 2020, a U.N. report said on Wednesday.
Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla's US$1.5 billion bet on the soaring digital currency.
General Motors Co is expected to report a healthy fourth-quarter profit on Wednesday thanks to strong demand for gas-burning pickup trucks and SUVs, but the company's future electric vehicles are now driving the stock, shareholders and analysts said.
Craig Walker, founder and CEO of cloud communication platform Dialpad, notes that “as a CEO of a startup, you’re always an optimist."
