Hugo Boss focuses on costs

Source: Dukascopy Bank SA
The fashion brand Hugo Boss announced that, due to a 42% drop in quarterly operating profits, the firm would concentrate on cost reductions in an effort to increase profitability.
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Fri, 02 Aug 2024 12:32:51 GMT

US employment data stuns financial markets

The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index is reacting to the news by sharply declining below the 104.00 mark.

Thu, 08 Aug 2024 06:30:07 GMT

Daimler Truck reduces working hours

Due to a decline in demand for new trucks in Europe and Asia, Daimler Truck has imposed a reduction in working hours instead of firing employees.

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