British Business - January 2
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The latest British business news includes Mercedes-Benz's motor finance unit reporting a £364.6 million loss due to a mis-sold car loans scandal. Ikea plans to open smaller city-centre stores while halting new large sites due to rising property taxes. The EU's carbon border adjustment mechanism is now in effect, impacting high-carbon imports. Uber is changing driver contracts to limit tax liabilities. The US has reduced proposed duties on Italian pasta makers after a review. Spire Healthcare is facing pressure to explore a sale, with a January 20 deadline for bidders.
Source: Reuters The copyright of this article belongs to the original author/organization.
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