Recent Posts - page 320

• Strong Rebound In Euro Zone But Inflation Above ECB Target

  By admin2 on July 30, 2021 • ( 0 )

  

  The euro zone economy put off a Covid-19 pandemic induced recession in the second quarter as it grew faster than expected with the easing of restrictions and curbs to stop the spreading of infections.   However the inflation shot past… Read More ›

• Allianz’s becomes first wholly foreign owned insurance asset management company in China

  By admin1 on July 30, 2021 • ( 0 )

  

  On Friday, in a statement Allianz said, its local Chinese asset management business has received regulatory approval, marking the first wholly foreign-owned insurance asset management company in the country. Foreign financial institutions are eager to expand their onshore footprint in… Read More ›

• Luxury handbag maker Hermes reports runaway sales during Q2

  By admin1 on July 30, 2021 • ( 0 )

  

  In a development that underscores the revival of the economy, sales at Birkin handbag maker Hermes during the second quarter more than doubled from the previous year, especially in Asia and the US markets, with shoppers flocking its stores. The luxury… Read More ›

• Samoa’s Prime Minister Fiame Naomi Mataafa scraos China funded port project

  By admin1 on July 30, 2021 • ( 0 )

  

  In a significant development, Samoa’s new Prime Minister Fiame Naomi Mataafa said, she will not go ahead with a China-backed port project, indicating that she would only back investments which have clear benefits for her country. She noted that Chinese… Read More ›

• Air France KLM narrows losses, even as Delta variant looms ahead

  By admin1 on July 30, 2021 • ( 0 )

  

  Following an easing of coronavirus travel restrictions along with positive cash flow during the second quarter of this month saw Air France-KLM seeing the first signs of recovery as the airline group narrows down its losses. “Obviously the first quarter was… Read More ›

• Europe Inc Emerge From Pandemic Blues With Strong Results

  By admin2 on July 29, 2021 • ( 0 )

  

  A generally buoyant mood among European companies staging a turnaround from the coronavirus pandemic was reflected in the better than expected financial earnings as reported on Thursday by carmaker Volkswagen, plane maker Airbus and energy major Royal Dutch Shell. The… Read More ›

• Hyundai Motor and LG’s battery unit form JV for sourcing batteries

  By admin1 on July 29, 2021 • ( 0 )

  

  On Thursday, South Korea’s LG Energy Solution and Hyundai Motor Group said, they plan on setting up a joint venture (JV) in Indonesia which will produce batteries for electric vehicles (EV) and plan on investing $1.1 billion each, with both… Read More ›

• Britain’s automotive sector churns up productions, caught up chip shortage whirlpool

  By admin1 on July 29, 2021 • ( 0 )

  

  In the first half of this year, although car production in Britain has risen by nearly a third from last year’s slump, volumes are however down on the five-year average with the coronavirus-induced COVID-19 pandemic continuing to cause staffing and… Read More ›

• SoftBank sells 45 million Uber shares

  By admin1 on July 29, 2021 • ( 0 )

  

  According to a source familiar with the matter at hand, SoftBank is selling around 45 million shares of its holdings in Uber Technologies Inc. With the news reaching the market, Uber’s shares tread downwards by 4.6% to $44 in extended… Read More ›

• Chip Shortage Will Affect iPhone Production, Says Apple, Forecasts Slow Growth

  By admin2 on July 28, 2021 • ( 0 )

  

  Production of iPhones is likely to be affected by the global chip shortage, said Apple Inc on Thursday, while saying that sale of its Macs and iPads have been hit by the shortage. The company also forecast slower revenue growth… Read More ›

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