Category: Business

UK car production crashed by 45%
30. 5. 2019 No Responses

UK car production crashed by 45%

UK car production fell 44.5% according to the Society of Motor Manufacturers and Traders (SMMT). In what it called “an extraordinary month”, the SMMT said only 70,971 cars rolled off production lines. That was 56,999 fewer than in April a...
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China Unveils 600 km/h Maglev Train
29. 5. 2019 No Responses

China Unveils 600 km/h Maglev Train

Maglev is train levitating on magnetic field created by electromagnets in rail and China’s state train maker recently unveiled the first prototype of a new maglev train capable of speed 600 kilometers per hour. China Railway Rolling Stock Corporation (CRRC)...
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IndiGo, the low-cost conqueror, is coming for Emirates
28. 5. 2019 No Responses

IndiGo, the low-cost conqueror, is coming for Emirates

The world’s largest airline by international passengers hit an air pocket in the 12 months through April, with net income falling by more than two-thirds to its lowest level since 2002. On the far side of the Arabian Sea, meanwhile,...
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Fiat Chrysler proposes merger with Renault
27. 5. 2019 No Responses

Fiat Chrysler proposes merger with Renault

Fiat Chrysler proposed on Monday to merge with France’s Renault to create the world’s third-biggest automaker and combine their investments in the race to make new electric and autonomous vehicles. Shares of both companies jumped over 10% on the ne...
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New Delivery Drones from DHL and Ford
26. 5. 2019 No Responses

New Delivery Drones from DHL and Ford

DHL Launches First Fully-Automated Drone Delivery Service In China. DHL Express, an international courier, and Ehang, a Chinese company focused on producing intelligent autonomous aerial vehicles, have entered into a partnership to solve the last-mile delivery...
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IMF: Importing US firms and consumers paying for Trump’s trade war
24. 5. 2019 No Responses

IMF: Importing US firms and consumers paying for Trump’s trade war

IMF experts findings contradict President Trump’s claim that China is footing the trade-war bill. Companies in the U.S. are paying almost all the costs from Donald Trump’s tariffs on Chinese imports, IMF researchers said in findings that dispute th...
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Huawei CEO: Company’s own OS will run Android apps
22. 5. 2019 No Responses

Huawei CEO: Company’s own OS will run Android apps

Richard Yu – Huawei CEO, has reportedly said that his firm will roll out its own operating system that will support Android apps, potentially blunting the effect of the US’ recent blacklisting of the Chinese company. According to reports from...
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Global Trade Collapsing To Depression Levels
16. 5. 2019 No Responses

Global Trade Collapsing To Depression Levels

With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, “threaten to upend the global economy’s much-anticipated rebound and...
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Alibaba Blasts Q4 Earnings Estimates
15. 5. 2019 No Responses

Alibaba Blasts Q4 Earnings Estimates

Sales of Alibaba Group Holding, China’s largest e-shop platform, exceeded analysts’ expectations and increased 51%. The operator of the well-known AliExpress site announced that its sales in the fourth financial quarter ended March 31 were up 51% y...
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WhatsApp was hacked by Talmudists and attackers installed spyware on people’s phones
14. 5. 2019 No Responses

WhatsApp was hacked by Talmudists and attackers installed spyware on people’s phones

Facebook-owned WhatsApp messenger has been weaponized to bug the phones of human rights campaigners, lawyers, and other dissidents with an Israeli spyware, sparking a backlash against the program’s manufacturer. “NSO Group sells its products to governments...
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Uber, the Worst Performing IPO in U.S. Stock Market History
11. 5. 2019 No Responses

Uber, the Worst Performing IPO in U.S. Stock Market History

Rideshare Wall Street darling Uber raised close to $25 billion. When it loses big money – and it does every single quarter – it loses it at stratospheric burn rates. It finally debuted on the New York Stock Exchange (NYSE)...
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Chesapeake Energy Misses Earnings and Revenue Estimates
8. 5. 2019 No Responses

Chesapeake Energy Misses Earnings and Revenue Estimates

Chesapeake Energy (symbol: CHK) came out with quarterly earnings of $0.14 per share, missing the consensus estimate of $0.15 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items. This...
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ArcelorMittal conspired to suppress vital facts to acquire Essar Steel
7. 5. 2019 No Responses

ArcelorMittal conspired to suppress vital facts to acquire Essar Steel

Prashant Ruia wants ArcelorMittal bid for Essar Steel rejected, cites LN Mittal’s link with brothers’ bankrupt cos. ESAHL alleges that Lakshmi Mittal’s association with loan-defaulting firms of his brother makes him ineligible to participate ...
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Royal Caribbean beats analysts estimates and improves outlook
1. 5. 2019 No Responses

Royal Caribbean beats analysts estimates and improves outlook

Royal Caribbean has surpassed analysts’ estimates and increases future earnings outlook based on the large number of bookings, higher tours and higher passenger spending aboard their cruise ships. Royal Caribbean Cruises Ltd. (Symbol: RCL) reported impre...
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Airbus beats estimates
30. 4. 2019 No Responses

Airbus beats estimates

Aerospace and defense giant Airbus boosted operating profit thanks to commercial aircraft. The European aviation manufacturer Airbus increased its net operating profit to EUR 549 million from EUR 14 million in the same period last year. This was due mainly to...
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