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Samsung Battery Branch Profits Sixfold Due to Electric Driving
Samsung's battery division has improved profits sixfold in the previous quarter related to a year earlier. The South Korean company characteristics the significant change to moderately poor results previous year and high mandate for…
Ryanair Hopes to Make A Profit Again This Summer
Ryanair hopes to make a profit again this summer. More and more people are going on holiday as travel restrictions due to the corona pandemic ease worldwide, and more people are vaccinated.
CFO Neil Sorahan remains cautious about…
Tesla to Buy Nickel from Miner BHP
Automaker Tesla has signed an agreement with significant miner BHP to supply nickel for its batteries in electric cars. According to BHP, the nickel will be supplied from Australia.
With the deal with BHP, Tesla wants to protect…
US Inflation Concerns Weigh on Japanese Stock Market
The Tokyo stock exchange closed with a small loss on Wednesday. Investors processed the US inflation figure, which came in higher than expected. The sharp rise in the general price level has fueled fears that the Federal Reserve may start…
Apple Threatens to Leave UK Over Patent Lawsuit
A patent case currently pending in court in the United Kingdom could fine Apple up to $7 billion. The tech giant now says a withdrawal from the country is possible if it gets that far.
The case revolves around some Optis Cellular…
US Wants to Add Dozens of Chinese Companies to Blacklist
The US government plans to add a dozen Chinese companies to an economic blacklist for alleged human rights violations in the Xinjiang region. That's what sources say to Reuters news agency. Companies on the list cannot receive goods from US…
German Industrial Production Falls for Second Month in A Row
German industrial production fell again in May, after a decline in April. The disappointing numbers are partly due to supply chain problems such as shortages of chips and supply problems in the wake of the blockade of the Suez Canal.…
Record Growth in the Eurozone Industry Despite Supply Problems
Eurozone manufacturing activity showed the most substantial growth ever in June. So says the British market researcher Markit. However, the industry continues to struggle with shortages in the supply chain of raw materials and parts.…
British Companies are Still Suffering from the Consequences of Brexit
A third of British companies have fewer customers from the European Union six months after Brexit. It is challenging for SMEs to comply with all the new trade rules, the British business newspaper Financial Times writes based on a survey…
Pharmaceutical Eli Lilly Rises Sharply on Green Wall Street
Stock exchanges in New York started the new trading session with gains on Thursday. Pharmaceutical Eli Lilly (plus 7.8 percent) was a noticeable rise. The company's Alzheimer's disease drug has been labelled a breakthrough therapy by drug…