Wednesday 08/11/23

In AUTOMOTIVE-RELATED NEWS, the car industry dips, Japanese carmakers face a dilemma, chipmakers try to adapt, EV makers turn to discounts, GM stops production of its driverless van and Rivian plans to increase production. In REAL ESTATE-RELATED NEWS, WeWork files for bankruptcy, IWG hopes to profit from it, the housing market looks like it's past the worst but rents still look tricky and Persimmon gets more confident. In EMPLOYMENT, CONSUMER & RETAIL NEWS, recruiters see more jobseekers, grocery inflation eases, Lidl and Aldi attract the middle classes, Direct Line ups premiums, Christmas predictions begin, Watches of Switzerland is upbeat about the future and Naked Wines has a nightmare. In INDIVIDUAL COMPANY NEWS, UBS announces its first quarterly loss since 2017, N26 withdraws from Brazil, Metro Bank calms nerves, a contrast emerges between KKR and Carlyle and Saudi Aramco beats expectations. AND FINALLY, I bring you the future of the human race...

 


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