News

Note: This section contains information in English only.
Thu, 23 Feb 2023 10:30:08 GMT

UK economy stagnates

The latest quarterly Gross Domestic Product data for the United Kingdom has revealed that the country's economy stagnated during the fourth quarter of 2022.

Thu, 23 Feb 2023 06:30:52 GMT

Bombardier increases deliveries

Canadian airplane maker Bombardier has revealed that in 2023 the company would increase its business jet deliveries.

Wed, 22 Feb 2023 14:30:09 GMT

PepsiCo reveals 2023 forecast

The soft drink maker PepsiCo has revealed that it expects its 2023 core earnings per share to reach $7.20.

Wed, 22 Feb 2023 10:30:07 GMT

AstraZeneca expects growth

The UK pharmaceuticals company AstraZeneca has revealed that it expects profit growth in 2023, as the company focuses on improving its profit margins.

Wed, 22 Feb 2023 06:30:08 GMT

JPMorgan CEO comments on inflation

The Chief Executive Officer of JPMorgan Chase Jamie Dimon has stated that the Federal Reserve has announced victory against inflation too soon.

Tue, 21 Feb 2023 14:30:10 GMT

Berkshire Hathaway sells BYD shares

Exchange filings have revealed that Warren Buffet's Berkshire Hathaway has continued to sell off electric vehicle producer's BYD shares.

Tue, 21 Feb 2023 10:30:07 GMT

AI companies warn against stock frenzy

Reuters has reported that various artificial intelligence companies have urged investors to rationally evaluate AI companies due to the ChatGPT caused stock frenzy.

Tue, 21 Feb 2023 06:30:08 GMT

Credit Suisse expects bad 2023

Credit Suisse Group has reported its worst yearly loss since the 2008 financial crisis. In addition, the bank has warned that it expects losses to continue into 2023.

Mon, 20 Feb 2023 14:30:45 GMT

Netflix reveals future plans

The streaming platform Netflix has announced that it would crack down on account sharing by creating primary location registration and implementing a charge for extra account users.

Mon, 20 Feb 2023 10:30:06 GMT

South Korea fines carmakers

South Korean authorities have fined German automakers for a collision aimed at curbing emission cleaning technologies.

Mon, 20 Feb 2023 06:30:07 GMT

Airbus addresses suppliers

Airplane maker Airbus has urged its suppliers to increase their stock in an effort to avoid output snags.

Fri, 17 Feb 2023 14:30:08 GMT

Toyota benefits from weak Yen

Toyota Motor Corporation has revealed that its quarterly profits had increased by 22% due to a decline of the value of the Japanese Yen against peer currencies.

Fri, 17 Feb 2023 10:30:07 GMT

Unilever increases prices

Unilever has announced that the company would continue to increase its product prices into the second half of 2023.

Fri, 17 Feb 2023 06:30:07 GMT

Disney announces restructuring

Walt Disney Company has revealed to be amidst a restructuring, which would result in the firing of 7,000 employees in an effort to save $5.5 billion in costs.

Thu, 16 Feb 2023 14:30:10 GMT

German inflation remains high

Recently published data has revealed that the year on year consumer price index in January increased by 9.2%. Compared to December, prices had increased by 0.5%.

Thu, 16 Feb 2023 10:30:06 GMT

British American Tobacco exits Russian market

British American Tobacco has pledged to sell off its business in Belarus and Russia by the end of this year.

Thu, 16 Feb 2023 06:30:09 GMT

British American Tobacco comments on 2023

British American Tobacco has revealed that it expects a smaller increase in earnings in 2023 than previously expected. No share buybacks are planned, despite recent rumours of an upcoming buyback.

Wed, 15 Feb 2023 14:30:12 GMT

Michael Kors cuts forecast

The owner of Michael Kors brand Capri has announced that it is cutting the company's earnings forecasts due to a decline in demand.

Wed, 15 Feb 2023 10:30:07 GMT

Elon Musk hosts investor day

The CEO of Tesla Elon Musk is set to host the company's first ever investor day on March 1, during which plans for the company's future are scheduled to be revealed.

Wed, 15 Feb 2023 06:30:07 GMT

Uber expects profits in 2023

Uber has announced that due to the end of pandemic measures across the world, the company expects to increase its profits in 2023. The company recently reported excellent quarterly results.

Tue, 14 Feb 2023 14:30:09 GMT

Spirit Airlines waits for DOJ decision

Spirit Airlines have revealed that they wait for the US Department of Justice to decide on the company's merger with its competitor JetBlue Airways Corp.

Tue, 14 Feb 2023 10:45:06 GMT

Japan comments on chip ban on China

The Japanese government has revealed that it would use milder restrictions than the US has set on exports of chip production machinery to China.

Tue, 14 Feb 2023 06:30:08 GMT

Tech firms lead layoffs

Major tech firms and Wall Street firms have been leading the major large company employee cuts, which have occurred during the first months of 2022. The layoffs have been mostly associated with the cancellation of future expansion.

Mon, 13 Feb 2023 12:45:07 GMT

Microsoft calls for new coalition

The US tech company Microsoft has called for a coalition that would improve the processes in the little to no regulation cobalt mines in the Republic of Congo.

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