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, although it is still unclear whether they will approve. As a […]
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 consequences for the demand for new products. Demand fell by almost 8 percent, […]
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 LNG. The order from state-owned Qatar Petroleum has a […]
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. In addition, ASMI announced that it wants to be climate neutral by […]
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 after France proposed postponing the summit. However, European Commission Vice-President Margrethe Vestager wrote on Twitter […]
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. Fears that China’s second-largest real estate developer, […]
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 time since the IPO in 2019. That is earlier than previously […]
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 previously determined that the Israel-based NSO Group had used the vulnerability to “exploit […]
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 of the corona pandemic in Southeast Asia as the reason for the adjustment. […]
European banks have not reduced their presence in tax havens. Not even after several dubious practices came to light that multinationals use to evade taxes, a study published Monday found. The Dutch banks Rabobank, ABN AMRO and ING were also included in the study. Rabobank increased its profit share […]
