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 […]
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 […]
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, […]
The European gas price fell to its lowest level in almost two months on Monday. The decrease follows the measures that more and more European countries are taking to help companies and households with high energy bills. The gas price dropped by more than 7 percent on the leading Amsterdam […]
Citrix receives the green light from competition authorities to delist and merge with Tibco. Citrix announced earlier this year that it was being acquired by Vista Equity Partners and Evergreen Coast Capital for $16.5 billion. In that deal, shareholders would receive $104 a share, thirty percent more than the most […]
The price for a barrel of Brent oil fell below $90 a barrel on the futures markets on Wednesday for the first time since early February. The fear of an economic recession and, thus, lower demand for crude oil is at the root. At around 3.20 pm Belgian time, the […]
