Fri. Sep 25th, 2020

UK banknote maker De La Rue fears for its future – business live

Rolling coverage of the latest economic and financial news, as De La Rue warns of ‘material uncertainty’ about whether it can continue as a going concern

Earlier:

12.43pm GMT

Just in: German carmaker Audi is announcing a new restructuring plan that will save €6bn by 2029, but also cut over 9,000 jobs over the next six years.

#BREAKING Audi to slash 9,500 jobs in Germany by 2025: statement pic.twitter.com/Dcaeib9jIi

12.13pm GMT

There are fresh signs today that Beijing and Washington are making small steps towards a Phase One trade deal.

Top Chinese and U.S. trade negotiators have agreed to talks on a preliminary deal for resolving the tariff war between the worlds two largest economies, the Chinese Commerce Ministry said Tuesday.

In a brief notice, the ministry said that Vice Premier Liu He and other senior officials spoke by phone with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.

Continue reading…Rolling coverage of the latest economic and financial news, as De La Rue warns of ‘material uncertainty’ about whether it can continue as a going concernDe La Rue hits City with another warningLoss of Brexit passport lingers‘Material uncertainty’ over its future as dividend scrappedEarlier:Introduction: Alibaba floated in Hong Kong todayShares leap 6.5% in vote of confidence 12.43pm GMTJust in: German carmaker Audi is announcing a new restructuring plan that will save €6bn by 2029, but also cut over 9,000 jobs over the next six years.#BREAKING Audi to slash 9,500 jobs in Germany by 2025: statement pic.twitter.com/Dcaeib9jIi 12.13pm GMTThere are fresh signs today that Beijing and Washington are making small steps towards a Phase One trade deal.Top Chinese and U.S. trade negotiators have agreed to talks on a preliminary deal for resolving the tariff war between the worlds two largest economies, the Chinese Commerce Ministry said Tuesday.In a brief notice, the ministry said that Vice Premier Liu He and other senior officials spoke by phone with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. Continue reading…

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