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Nikkei Lower in Anticipation of Fed Chief Powell Speech
The Tokyo stock exchange closed with a loss on Friday. Investors processed the lower closing positions on Wall Street, where the mood was depressed by the deadly attack in the Afghan capital Kabul.
In addition, they were waiting…
Mazda Shuts Down Factories Due to Shortage of Parts from China
Mazda is forced to shut down production at two of its factories in Japan at least until Friday. The Japanese car manufacturer is struggling with shortages of parts.
In addition, they cannot be flown from China to Japan due to…
The US Allows Chips to Huawei Despite Sanctions
The United States has given Chinese tech group Huawei permission to buy hundreds of millions of dollars of chips in the country, insiders say to Reuters news agency.
Huawei is on a US corporate blacklist and generally cannot obtain…
Paypal Also Lets British Customers Pay with Crypto Coins
The American payment giant Paypal will offer its customers in the United Kingdom the possibility to buy, sell or collect digital coins with digital coins.
This option already existed in the United States but is now being extended…
Chinese Pledge to Lower Steel Production Pressures Iron Ore Prices
Iron ore prices fell sharply for the second day in a row on Thursday. The price for the rock is under pressure after China pledged to cut steel production and consumption.
Since the peak in May, iron ore has been worth 40 percent…
German Chip Company Infineon: Chip Shortages Can Last for Years
The global chip shortage that is disrupting the production of several companies could continue for years to come. Reinhard Ploss, CEO of the German chip group Infineon, thinks so.
According to him, the scarcity could last until…
US Companies are Hiring Again
American companies are hiring more and more staff, and unemployment in the world's largest economy is falling rapidly as a result. In addition, new figures from the US government indicate that the labour market in the United States is…
Double the Number of Passengers for Ryanair in July
More and more European holidaymakers are putting aside uncertainty about corona rules across the border and taking the plane. Budget airline Ryanair carried 9.3 million passengers in July.
That is more than twice as many travellers…
Sanofi Invests Billions in Technology Behind Corona Vaccine
French pharmaceutical company Sanofi has reached an agreement to acquire partner biotechnology company Translate Bio.
The billion-dollar deal is the first example of a major pharmaceutical company buying up a biotech company…
French Economy Grows Again After Contraction in First Quarter
The French economy, the second-largest in the eurozone, returned to growth in the second quarter. Helped by the winding down of the corona lockdown in the country, French consumers again spent a little more. Business investment also picked…