Tyre maker Continental to cut 7,150 jobs as it switches to electric vehicles
Continental will cut 7,150 jobs worldwide by 2025 as it navigates the difficult switch to electric vehicles.
Japanese Stocks Fall, European Shares Move Higher
Japanese stocks followed Tuesday’s move lower in U.S. stocks, while European indexes were rebounding. The Nikkei closed down 0.7%, though it’s still trading near its highest level since 1990. Chinese markets are closed for the Lunar New Year holiday.
FTSE 100 LIVE: European stocks rise as UK inflation beats forecasts with 4% hold
Inflation unexpectedly held steady in January, raising hopes that the Bank of England will start cutting interest rates sooner than expected.
UK inflation holds steady at 4%
A drop in monthly prices for food and drink eases pressure on the Bank of England to keep interest rates higher for longer.