Business

Video Conferencing Company Zoom Revenues Quadrupled Year on Year
1Dec By Alan LorenzNo Comments
Business, News, Technology

Video Conferencing Company Zoom Revenues Quadrupled Year on Year

Video conferencing company Zoom has managed to quadruple its revenues for the second quarter in a row compared to a year earlier.   That it was a good year for Zoom, this must be evident from the quarterly figures of the video conferencing specialist. In the third quarter, the company brought in $ 777.2 million in revenue, four times more than the same period last year. This makes it the second quarter in a row in which Zoom has quadrupled its income. The popularity of the service, which is one of the more intuitive ways to remotely video call each other, exploded early this year when several countries went into lockdown. And despite a series of scandals and privacy concerns, Zoom seems to be maintaining that success too. The company now says it has 433,700 subscribers with more ...
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Asian Stock Markets Rise After Major Free Trade Pact
16Nov By Alan LorenzNo Comments
Asia, Business, News

Asian Stock Markets Rise After Major Free Trade Pact

The Asian stock markets showed substantial gains on Monday. Investors responded positively to the trade deal that China and fourteen other countries in Asia and the Pacific closed on Sunday.   The pact aims to gradually lower trade tariffs in the region and creates a free trade zone between, among others, China, Japan, South Korea, Australia and New Zealand. The main index in Tokyo, the Nikkei 225, ended 2.1 percent higher at 25,906.93 points. The sizeable Japanese export companies, in particular, were in demand after the trade deal in the region, which, according to analysts, forms the largest trading bloc in the world. In addition, it turned out that the Japanese economy grew by 5 percent in the third quarter compared to the previous quarter. It was the first growth in four quar...
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Ferrari Has Back the Sole Right to Use the Testarossa Brand Name
22Oct By Alan LorenzNo Comments
Business, News

Ferrari Has Back the Sole Right to Use the Testarossa Brand Name

Sports car manufacturer Ferrari is again the only one allowed to use the Testarossa brand name. The European Court of Justice has ruled that.   In 2017, a German court ruled that Ferrari had not used the iconic name for too long and was therefore no longer protected. The European Court has now ruled that a trademark remains valid as long as the owner still provides services or resells second-hand goods under that name. Ferrari convinced the court that it is still carrying out maintenance and repairs for the Testarossa. The Testarossa, Italian for a red head, was produced by Ferrari in the 1980s and 1990s. The sports cars have eye-catching doors reminiscent of egg-slicers, and they have folding headlights. The car also played a prominent role in the US police show Miami Vice, whi...
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Tensions Between the US and China Over Tech Companies Caused Reticence Among Investors
7Aug By Alan LorenzNo Comments
Business, China, News, US

Tensions Between the US and China Over Tech Companies Caused Reticence Among Investors

The mounting tensions between the United States and China over Chinese tech companies caused some reticence among investors.   Tech investor Prosus was therefore under pressure on the Damrak. Better-than-expected export figures from China and Germany kept losses limited. The essential American jobs report, which will be released later today, was also awaited. The AEX index on Beursplein 5 recorded 0.3 percent in the negative at 556.63 points around noon. The MidKap lost 0.7 percent to 782.10 points. The stock exchanges in Frankfurt and London fell to 0.4 percent. Paris fell 0.7 percent. Prosus (minus 4.8 percent) was the most significant drop in the AEX. US President Donald Trump has signed a presidential decree banning US companies' transactions with ByteDance, the Chinese compa...
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4 Ways to Make Money from Home in the UK
4Aug By Alan LorenzNo Comments
Business, UK

4 Ways to Make Money from Home in the UK

Two things are on most people’s minds right now: the coronavirus and their finances. COVID-19 cases continue to rise as medical researchers scramble to develop a vaccine. Meanwhile, experts predicted that the British economy has shrunk by as much as 10% for the first two quarters due to the pandemic. Regardless of the actual number, the financial effects of the coronavirus pandemic can be felt across the UK. Though the unemployment rate remains the same, the BBC reports that 9.4 million workers have been furloughed from their jobs. That means only a portion of their usual wages is being paid by the government, which may not be enough to cover monthly expenses. As the pandemic drags on, earning an income is still a necessity. People still need to pay their bills and purchase goods and ser...
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Spanish Unemployment is Rising Again Due to the Corona Crisis
28Jul By Alan LorenzNo Comments
Business, Europe, News, Spain

Spanish Unemployment is Rising Again Due to the Corona Crisis

Spanish unemployment rose in the second quarter as a result of the corona crisis. The Spanish statistics agency has calculated this.   Unemployment has declined in recent years, but this has now come to an end. The number of unemployed rose by 55,000 to just under 3.4 million people. This brings unemployment to 15.3 percent. In the first quarter of this year, this was still 14.4 percent. However, the actual figures could be even higher because, during the lockdown in the country, people were unable to look for work actively. They, therefore, did not meet the definition of unemployment used by the statistical office. This could apply to up to 1.1 million people. Employees who are temporarily at home and paid via a government schedule, about 1.8 million people do not count as unemp...
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Stock Exchanges in New York Showed A Mixed Picture on Friday At the Opening of Trading
29May By Alan LorenzNo Comments
Business, News, US

Stock Exchanges in New York Showed A Mixed Picture on Friday At the Opening of Trading

Stock exchanges in New York showed a mixed picture on Friday at the opening of trading.   Investors on Wall Street remain cautious due to mounting tensions between the United States and China over Hong Kong. President Donald Trump would later respond to China's emergency laws for Hong Kong. Shortly after the opening bell, the Dow-Jones index was 0.4 percent lower at 25,296 points. The broad-based S&P 500 went down 0.3 percent to 3,022 points, and tech exchange Nasdaq gained 0.2 percent to 9,394 points. The Chinese parliament has approved a proposal to make a special law that will allow Chinese security services to work in Hong Kong when national security is at stake. In Hong Kong, it is feared that this is the beginning of the end of autonomous status. Tensions around Hong Ko...
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Transavia Will Continue to Issue Vouchers for the Time Being
13May By Alan LorenzNo Comments
Business, News

Transavia Will Continue to Issue Vouchers for the Time Being

Airline Transavia does not change the compensation policy for cancelled trips for the time being. The Air France-KLM subsidiary will continue to issue duped travellers with vouchers, a spokeswoman said.   The European Commission ruled on Wednesday that, despite the corona crisis, airlines should repay travellers if they are not satisfied with vouchers. Airlines have barely been able to operate flights since the mid-March due to the pandemic, which means that they are now running out of cash. “We are disappointed that the European Commission is not looking at the broad perspective. We are forced by the situation to deviate, ”said the spokeswoman. She adds that recipients of a "corona voucher" can still request a refund after one year. With the "broad perspective", Transavia also ...
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British Economy May Shrink 10 Percent in the First Half of Year
23Mar By Alan LorenzNo Comments
Business, News, UK

British Economy May Shrink 10 Percent in the First Half of Year

The UK economy may shrink by as much as 10 percent in the first half of this year, due to the impact of the new coronavirus...   This can be deduced from estimates by economists at the Bloomberg news agency. In a report published Monday, British economist Dan Hanson states that the British government and the Bank of England must step in to bring about a turnaround. He predicts that the government will lend £ 95 billion this year to fight the virus. £ 17.5 billion of this is earmarked for a wage subsidy program. The forecast projects the UK government to impose a four-week lockdown in April to stem the spread of the virus. The duration of containment measures is the most significant uncertainty in the estimate, according to Hanson. In a more severe scenario, with a six-week lockd...
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Nikkei Drops Despite Bank of Japan Support Measures
16Mar By Alan LorenzNo Comments
Business, News

Nikkei Drops Despite Bank of Japan Support Measures

The stock exchange in Japan closed on Monday after a fluctuating trading session. Investors incorporated the additional support measures from the Bank of Japan (BoJ) to mitigate the economic impact of the new coronavirus.   The US central bank announced a surprising new rate cut on Sunday and announced it would restart the bond-buying program to support the largest economy in the world. The central bank of New Zealand also cut interest rates. The leading Nikkei in Tokyo briefly bounced after the Bank of Japan's decision but ended up 2.5 percent lower at 17,002.04 points. On Friday, the Japanese main index fell by more than 6 percent to its lowest level since November 2016. The Japanese central bank announced after an emergency meeting that monetary policy would ease further. For e...
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