The Chinese government has, at least temporarily, stopped its major investments in its own chip industry. The country is suffering from many corona infections, which puts pressure on the world’s second-largest economy and public finances. According to sources from the Bloomberg news agency, talks are underway about definitively phasing out […]
Irish low-cost airline Ryanair has reached an agreement on the wages of its pilots in Ireland, it announced on Tuesday. The four-year deal was signed with the Forsa union. According to Ryanair, the pilots in Ireland will soon receive the same wages as before the corona crisis. During the crisis, […]
Toshiba was among the biggest fallers on the Tokyo stock exchange on Monday. Investors processed a message from the Japanese business newspaper Nikkei that the takeover bid for the electronics company by the group led by Japan Industrial Partners may be lower than the expected 2.2 trillion yen. The share […]
German factory orders rose again in October after a drop in orders in the previous two months. The increase, which was larger than expected, boosts manufacturers in Europe’s largest economy. They are struggling with high inflation and sharply increased energy costs due to the Russian war in Ukraine. New orders, […]
The German Ministry of Foreign Affairs wants to introduce strict rules for companies that do intensive business with China. This is stated in a confidential document that the Reuters news agency has seen. With the proposed measures, Chancellor Olaf Scholz wants to reduce dependence on China further. The draft document […]
The European gas price rose sharply on Monday due to forecasts that colder weather will arrive in parts of Europe. As a result, the heating will probably be turned up again, which would boost the gas demand. On the other hand, mild autumn weather has recently caused the price to […]
Meta, the parent company of Facebook, Whatsapp and Instagram, among others, announced on Wednesday that it would lay off 13 percent of its staff. That equates to about 11,000 employees. In a post on the website, Zuckerberg talks about “some of the toughest changes in Meta’s history.”
The global shortage of semiconductors will limit car production in Germany “at least until 2024”. This is apparent from an analysis by the consultancy Alix Partners. The analysis shows that it takes six months to order and deliver chips. That is still twice as long as normal. Meanwhile, demand for […]
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 […]
