Browsing Category
Business
The Stock Exchanges in New York Started Trading Day With Solid Pluses
The stock exchanges in New York started trading day with solid pluses, after losing the day before.
Attention on Wall Street focuses on quarterly figures of retail company Target and DIY chain Lowe's. Besides, the Federal Reserve…
Uber Announces Mass Layoff Due to Corona Crisis
Uber Technologies, the company behind taxi app Uber, is shutting down some 3,700 jobs to get through the corona crisis. That equates to about 14 percent of the total workforce.
According to CEO Dara Khosrowshahi, Uber mainly says…
3.8 Million Americans Who Lost Their Jobs Signed Up for Unemployment Benefits
The corona crisis continues to leave an imprint on the US economy. Another 3.8 million Americans who lost their jobs signed up for unemployment benefits last week, the United States Department of Commerce reported.
The counter in…
Apple Starts Production of New iPhones Later This Year
Apple will begin production of the new iPhones that the company will present later this year a month later than usual.
That writes the American newspaper The Wall Street Journal based on insiders.
The reason for the postponement…
US Consumer Confidence Fell Sharply as A Result of the Corona Crisis
Consumer confidence in the United States fell sharply in April due to concerns among Americans about the corona crisis.
The University of Michigan reported this based on a final figure.
The measure of confidence measured 71.8…
Another 5.2 Million Americans Claim Unemployment Benefits
Another 5.2 Million Americans Claim Unemployment Benefits. The number of Americans who are reporting unemployment benefits because of the corona crisis is increasing rapidly.
Last week, another 5.2 million people who lost their…
Chinese Inflation is Falling, Depressed by the Lockdown
Inflation in China was lower in March than in February, due to weak demand caused by the lockdown against the new coronavirus.
Inflation was 4.3 percent year-on-year, from 5.2 percent in February. That is the lowest level since…
Rolls-Royce Does Not Pay A Dividend for the First Time Since 1987
Rolls-Royce throws its financial targets for this year overboard. Also, for the first time since 1987, the British builder of aircraft engines, for example, does not distribute dividends to shareholders.
Rolls-Royce is having a hard…
Steel Manufacturer Tata Steel is Postponing Plans to Reorganize its European Operations
Steel manufacturer Tata Steel is postponing plans to reorganize its European operations beyond July 1 due to the corona crisis.
The company wanted to consult with unions and works councils about the plans in April, but those…
1.1 Million Auto Industry Jobs Hit y Coronavirus
The work of 1.1 million Europeans in the car industry is affected by the corona crisis, warns European auto industry organization ACEA.
According to the interest group, the current consequences for employment are even more…