Foxconn eyes Q2 revenue jump

Source: Dukascopy Bank SA
On Friday, Taiwan's Foxconn said it was anticipating a 15% surge in its Q2 revenue amid extension of the remote work boom caused by the coronavirus pandemic that drove the consumer devices demand.
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Fri, 14 May 2021 13:41:57 GMT

Chip deficit to cost carmakers $110B in revenues

The semiconductor chip shortage that hit the carmakers around the world will cost them $110B in lost revenues in 2021, topping the previous forecast of $61B, with an outlook the crisis is likely to hit the output of 3.9M vehicles.

Fri, 14 May 2021 12:00:09 GMT

UK SFO searches in Gupta's GFG Alliance

The UK's Serious Fraud Office has launched an investigation into suspected fraud, money laundering and fraudulent trading at the GFG Alliance conglomerate, the steel magnate, including its financing accords with the collapsed Greensill Capital.

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