Business Archives - Page 13 of 16

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...

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...

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...

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...

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...

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 ...

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...

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...

IMF Has A Lot of Money Available to Help Countries

4Mar

By Alan LorenzNo Comments

Business, News

IMF Has A Lot of Money Available to Help Countries

The International Monetary Fund (IMF) has billions of dollars waiting to assist countries in mitigating the economic damage caused by the new coronavirus. That is what IMF chief executive Kristalina Georgieva said during a press conference. According to her, the virus outbreak hits the world economy hard. Global economic growth this year is likely to be "deep, deep below last year's level." Georgieva did not yet want to give a precise prediction about the damage. Among other things, she pointed out that it is not, however, clear how long all economic problems caused by the virus will persist. The organization with headquarters in Washington is mainly known for intervening in the event of financial crises. The fund helps countries with credit problems. A sister organization, the...

The Stock Exchanges in New York Started Trading With Small Gains on Tuesday

25Feb

By Alan LorenzNo Comments

Business, News

The Stock Exchanges in New York Started Trading With Small Gains on Tuesday

The stock exchanges in New York started trading with small gains on Tuesday. With that, they show something of a recovery after the substantial losses of Monday, when the three most essential indicators closed deep in red due to concerns about the coronavirus. Shortly after the opening bell, the Dow-Jones index was 0.4 percent higher at 28,044 points. The broad S&P 500 won 0.3 percent to 3234 points, and technology level meter Nasdaq gained 0.5 percent on 9271 points. Monday's substantial losses followed the coronavirus outbreak in northern Italy at the weekend. The explosive increase in the number of infections in that country made it clear that the virus is becoming an increasingly international problem. Investors are keeping a close eye on news about the further increase ...