About 9,000 British jobs at risk after last-minute rescue talks fail to keep firm afloat. Thomas Cook was heading into insolvency on Sunday night as the world’s oldest holiday company faced a collapse that will strand 150,000 UK holidaymakers overseas and put 9,000 British jobs at risk. Source The Guardian
League leader Matteo Salvini said on Monday the euro was here to stay and he hoped that nobody in his far-right, euroskeptic party would ever again raise doubts over Italy’s membership of the single currency. Source Reuters
Tyre maker Michelin said Thursday it would close a French-based factory with 619 employees next year as competition from cheaper Asian manufacturers knocks its profit margin. Source The Local
Continuing its downward spiral for consecutive 11th month, passenger vehicle sales plunged by 23.69 per cent in September, as per the latest data from SAIM (Society of Indian Automobile Manufacturers). The report says commercial vehicle sales dipped 62.11 per cent in September. Passenger vehicle sales dropped to 2,23,317 units, while passenger car sales dropped by 33.4 per cent to 131,281 units. Source India
