Companies struggling with high inflation and rising operating costs desperately seek new short-term liquidity. The extent to which companies are now looking is comparable to the situation during the heyday of the corona crisis in 2020, the financial news agency Bloomberg analyzed. European companies are taking facilities that expire in […]
Boeing plunged deep into the red last quarter due to setbacks in its defence branch. This is because, partly due to the high inflation, Boeing had to incur many more costs for various military contracts than it was reimbursed. In addition, no inflation adjustment had been agreed upon in those […]
Stock markets in New York showed a mixed picture after the opening bell on Tuesday after the strong recovery in the past two trading days. Many large American companies came up with results, such as General Motors (GM), Coca-Cola, UPS and General Electric (GE). The figures were received mixed. Investors […]
As expected, Apple has unveiled a new generation of iPads before the end of the month, the tenth already. It concerns successors of the entry-level model and of the iPad Pro, which comes in two screen sizes. The tenth incarnation of the ‘classic’ iPad comes in several striking colours, including […]
New British Chancellor of the Exchequer, Jeremy Hunt, is reversing almost all of his predecessor’s tax cuts. According to Hunt, borrowing money to pay for tax cuts is irresponsible. New British Prime Minister Liz Truss announced those cuts designed to boost economic growth three weeks ago. The British pound reacted […]
Swappie, the specialist in purchasing and selling refurbished iPhones, has just given the millionth device a second life. However, the Finnish company still sees a lot of growth potential. According to data from the European Union, only 15% of old telephones are currently recycled or repaired. Swappie was founded in […]
TikTok’s parent company, ByteDance, suffered a billion-dollar loss last year. The Chinese tech group behind the popular movie app grew rapidly but also spent a lot on marketing and developing new features. The Wall Street Journal reports this based on an internal report from the company. The operating loss in […]
Higher interest rates and sharply increased prices for energy and fertilizers will have a major impact on world trade next year. According to the World Trade Organization (WTO), global imports and exports will increase much less rapidly in 2023 than previously estimated. The WTO now assumes that world trade will […]
34 percent of cyber attacks against European companies are attributable to phishing. Furthermore, the European manufacturing industry was the most frequent target of cyber attacks in 2022. It also appears that the war in Ukraine has an increasing impact on the digital security of European parties. This is according to […]
The Asian Development Bank wants to tackle the food crisis on the continent with the financing of at least $ 14 billion until 2025. In Asia, almost 1.1 billion people can no longer afford healthy food. Poverty in Asia has worsened as a result of increased food prices. Record high, […]
