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Samsung Profits from Sales of Foldable Smartphones
Samsung Electronics benefited from strong demand for its foldable smartphones in the third quarter. The South Korean group also managed to increase its profitability thanks to the high prices of computer chips.
Samsung sold more…
Democrats Appear to Agree to US Debt Ceiling Hike
Democrats and Republicans in the US Senate appear to be getting closer to an agreement on the level of the US debt ceiling.
A proposal from Republican Senate faction Mitch McConnell was well received by Democrats on Wednesday,…
Difficult Supplies Lead to Sharp Decline in German Factory Orders
German industry received far fewer new orders in August than a month earlier. This indicates that the material shortages and longer delivery times, which many companies have been struggling with for some time, also have significant…
Qatar to Build Four New Tankers for Transporting Natural Gas
Qatar has placed an order with a Chinese shipbuilder for four new tankers to transport liquefied natural gas (LNG).
Qatar wants to respond to the strong demand for its natural gas. The Gulf State is the world's largest exporter of…
Order Receipt Chip Company ASMI Well Above Its Own Expectations
Order intake from Dutch chip supplier ASM International (ASMI) will be significantly higher in the third quarter than previously expected. ASMI said this in the run-up to its investor day when investors are updated about the strategy.…
EU and US Trade Summit in Pittsburgh to Continue Anyway
The planned trade summit between European member states and the United States, which is scheduled for next week in Pittsburgh, USA, will continue.
The European Commission has been divided over participation in the consultations…
Real Estate Giant Evergrande Skyrockets on Hong Kong Stock Exchange
Shares of ailing Chinese real estate group China Evergrande Group shot up Thursday. Investors in Hong Kong returned from a day off and were still processing the news that Evergrande would pay interest on some of its loans on time after all.…
Taxi Company Uber is Expected to be Close to A Profitable Business
Taxi company and meal delivery company Uber seems close to the moment when the American company is finally really profitable.
In a new forecast, Uber anticipates that this could happen in the current third quarter for the first…
Apple Releases Software Update for Security Vulnerability
Tech company Apple calls on all users of the more than 1.6 billion Apple products to perform a software update immediately. This was after a security vulnerability was discovered in the Messages app.
Security researchers had…
Toyota Cuts Production Cars Again
Automaker Toyota has again adjusted its production plans. The Japanese company will build 400,000 fewer cars than it had planned after an earlier adjustment in September and October.
Toyota cites parts shortages due to the revival…