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 […]
Category: Business
Ryanair Signs Pay Deal With Irish Pilots
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 […]
Toshiba Falls on Lower Japanese Stock Market
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 […]
More Orders for German Factories After Recent Declines
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 […]
Gas Price Sharply Up Due to Colder Weather Forecast
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 […]
Mass Layoff at Meta: Parent Company Facebook and Whatsapp Cut 11,000 Jobs
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 […]
Chip Shortage Will Slow German Car Production At Least Until 2024
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 […]
European Companies are Frantically Searching for New Emergency Loans
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 […]
Boeing Loses Billions Due to Contracts Without Inflation Adjustment
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 […]