On Friday, IAG, the owner of British Airways said, during the first quarter of this year, it saw a strong recovery in business travel and that it expects to be profitable from the second quarter onwards for the full year…. Read More ›
Q2
VW’s deliveries of battery operated vehicles in China more than triple
In a statement Volkswagen said, deliveries of battery-powered electric vehicles to China have more than tripled in the first nine months of 2021. For the January to September period, deliveries of battery electric vehicles (BEV) stood at 47,200 up from… Read More ›
BlackBerry’s Q2 revenues beats analysts’ estimate on the back of strong demand for cybersecurity and IoT products
BlackBerry Ltd reported its second quarter revenues which beat analysts’ estimate on the back of strong demand for its cybersecurity and Internet of Things software products. BlackBerry’s U.S.-listed shares rose by 9.1% to $10.43 in extended trading. Ahead of the… Read More ›
German industrial orders surge during Q2
On Monday, official figures from the German government show that industrial orders have surged in July, hitting a post-reunification high and pointing to a solid start to the second half in the engine room of Europe’s largest economy. The figures… Read More ›
Luxury handbag maker Hermes reports runaway sales during Q2
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 ›
Air France KLM narrows losses, even as Delta variant looms ahead
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 ›
Indonesia fall into coronavirus-induced recession
According to official economic data, Indonesia, Southeast Asia’s biggest economy, has fallen into a recession during the third quarter, for the first time in more than two decades following the coronavirus ravaging its business activity. According to statistical data, Indonesia’s… Read More ›
China’s Didi Chuxing considering Hong Kong IPO in 2021, targets valuation above $60 billion
Chinese ride-hailing giant Didi Chuxing is weighing an option for a multibillion-dollar initial public offering in Hong Kong in 2021, said sources with knowledge of the matter at hand. Earlier Didi Chuxing had aimed for a listing in New York…. Read More ›
Delta Air Lines Inc projects Q2 revenues to fall by 90% because of Wuhan Coronavirus
In a statement, Warren Buffett’s Berkshire Hathaway Inc stated, it has sold around 18% of its stake in Delta Air Lines Inc as well as a 4% stake in Southwest Airlines Co earlier this week. The Wuhan Coronavirus pandemic is… Read More ›
Ericsson signs license agreements with Intellectual Ventures
Following the deal, Ericson expects a negative impact on its operating profit. On Monday, Ericsson disclosed, it expects a negative impact on its operating income in segment Networks in the current quarter following a deal wherein it reached an agreement… Read More ›
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