Business Archives - Page 15 of 15

Share Facebook Down By More Than 19 Percent

28Jul

By Alan LorenzNo Comments

Technology, Business, News

Share Facebook Down By More Than 19 Percent

Share Facebook down by More than 19 percent After Disappointing Figures. The Facebook share fell by 19 percent on Thursday after the company presented disappointing quarterly earnings on Wednesday. For more than 76 billion pounds in market value evaporated due to the sharp fall of one of the most arguably essential stocks in the world. Investors seemed to fear a link between the privacy scandal surrounding the social media company and the disappointing figures. Topman Mark Zuckerberg saw his paper assets drop by 11 billion pounds. Also means that all growth of its assets for this year has disappeared. Zuckerberg now accounts for about 54 billion pounds and lost its place in the top of the wealthiest business people. Worldwide the number of Facebook users increased, but less qu...

Opel Has To Explain How Three New Types Of Diesel Engines Work

14Jul

By Alan LorenzNo Comments

Germany, Business, News

Opel Has To Explain How Three New Types Of Diesel Engines Work

Opel has to Explain how Three New types of Diesel engines Work. Opel must account for the operation of three new types of diesel engines. The German Transport Ministry confirmed this after reporting. The questions from the German officials are about the system that cleans the exhaust gases from the diesel engines that meet the Euro-6 directive. A spokesperson for the ministry does not want to speculate whether the system complies with the rules. It is also unknown in how many car models the diesel engines are and how many cars have been delivered with the relevant engines. Opel has two weeks to answer the questions from the Kraftfahrt-Bundesamt, the German counterpart of the Rijksdienst voor Wegverkeer. Opel, unlike other German car companies, has not yet been involved in scan...

Angela Merkel Warns Against The Outbreak Of Real Trade War

4Jul

By Alan LorenzNo Comments

Germany, Business, China, International, News, US

Angela Merkel Warns Against The Outbreak Of Real Trade War

Angela Merkel warns Against the Outbreak of real Trade War. German Chancellor Angela Merkel warns that a "real trade war" will arise if the US introduces additional import tariffs on European cars, reports The Greater. The German Chancellor does not yet want to speak of a "trade war", but calls it a "trade conflict", German media write Wednesday. "It is worth every effort to ensure that this dispute does not turn into a real war," said Merkel on Wednesday in the German Bundestag. The import tariffs on European cars are, according to her, "much more serious" than the previously added tax on imports of European steel and aluminium. According to the German Chancellor, the financial crisis shows that cooperation works better than unilateral measures. "The international financial c...

Business Activity in the British Services Sector is Increasing

4Jul

By Alan LorenzNo Comments

Business, Local, News, US

Business Activity in the British Services Sector is Increasing

Business Activity in the British Services Sector is Increasing. The activity in the British services sector grew at a faster pace in June, reports Press Cube. This appeared Wednesday from the purchasing managers index of IHS Markit and CIPS. The index rose from 54.0 in May to 55.1 in June, the most substantial increase since October 2017. A decrease was expected to 53.5. Previously, the purchasing managers' index for British industry remained stable in June compared to May. An index of more than 50 indicates that there is growth, while a figure below 50 means that the industry is shrinking.

Air France-KLM Wants To Invest In Budget Flights

27Jun

By Alan LorenzNo Comments

Europe, Business, International, News

Air France-KLM Wants To Invest In Budget Flights

Air France-KLM wants to invest in budget flights. Airline Air France-KLM intends to develop a budget airline, especially for longer flights, says INC News. The management hopes to compete with parties such as Norwegian, Level and Eurowings. That insiders tell the French newspaper La Tribune. Will discuss the plan on Tuesday and Wednesday during a strategic summit in the Netherlands. According to market experts, transatlantic budget flights (long haul-lowcost) are becoming increasingly important in the aviation world. Also evident from the success of Norwegian Air. In acknowledgement of the good results of this airline, IAG and Lufthansa Group have set up the long-distance budget companies Level and Eurowings, respectively. Air France-KLM does not have a budget subsidiary for ...

Amsterdam’s Economy Is Growing Fast Thanks To Tourism And Construction

20Jun

By Alan LorenzNo Comments

Europe, Amsterdam, Business, International, London, Netherland, News, Prague, Stockholm, Warsaw

Amsterdam’s Economy Is Growing Fast Thanks To Tourism And Construction

Amsterdam's Economy is growing Fast thanks to Tourism and Construction.The economy of the Amsterdam Metropolitan Area is running at full speed and is expected to grow by 3.7 percent this year, raising the region 0.5 percentage points above the rest of the Netherlands. The figure also shows that the City of Amsterdam presented on Wednesday, reported by EYE News. The reasons for economic growth are investments in ICT services, construction, increasing tourism and a strong international rival position. Unemployment in Amsterdam and the surrounding area is also falling from 4.9 percent in 2017 to 4 percent in 2018 and 3.6 percent in 2019. The unemployment rate thus drops to pre-crisis levels. With these new figures, the Amsterdam region now ranks among the five strongest growth are...

No Breakthrough On US Import Duties At G7

11Jun

By Alan LorenzNo Comments

US, Business, Canada, Europe, France, Germany, International, Italy, Japan, Mexico, News, UK

No Breakthrough On US Import Duties At G7

No Breakthrough on US Import Duties at G7: The countries of the G7 have not been able to make agreements about the import duties that the United States has recently forced on the other states. However, it has been agreed to stay in conversation with each other. The leaders of Germany, France, Great Britain, Japan, Italy and Canada showed Trump in the common talk in Quebec in Quebec all the figures showing that the US import levies are inadequate for trade. Trump replied to his conversation partners by coming up with their values to prove the contrary, reports FOX News Point. After the big conversation, Trump met with French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau. After the conversation with Macron, both leaders seemed carefully optimistic about pos...

EU Fights Undermining Practices China To WTO

2Jun

By Alan LorenzNo Comments

Europe, Business, China, News, US

EU Fights Undermining Practices China To WTO

EU fights Undermining practices China to WTO: The EU is not only going to the World Trade Organization (WTO) to challenge unfair US trade practices. It also files a complaint about China, writes 99 News. The procedure is directly against Chinese legislation that would undermine the intellectual property rights of European companies. European companies are compelled to hand over the ownership or use of their technology to Chinese companies or joint ventures in China, according to EU Commissioner Cecilia Malmström (Trade). Probably they would deprive of the freedom of discussion, patents or trade secrets in contravention of WTO rules. The US has begun a similar procedure. "We can not allow a country to force our companies to transfer this hard-earned expertise to the border," Mal...

Agriculture and Dirty Rivers: Mark Rutte will do this in India

23May

By Alan LorenzNo Comments

Business, Asia, India, News, UK

Agriculture and Dirty Rivers: Mark Rutte will do this in India

Agriculture and Dirty Rivers: Mark Rutte will do this in India. India: the land of the Taj Mahal, Bollywood and curry. It is the second largest economy in Asia and a home for 1.3 billion inhabitants. Prime Minister Mark Rutte will visit this week for a trade mission. And he is accompanied by a large delegation of 131 Dutch companies and four ministers. Such a trade mission is pretty lucrative for Dutch companies. During a visit to China last April, 248 million euros were contracted. Rutte will talk to Prime Minister Modi in India about the impending steel war with the United States and negotiations on a trade agreement between the EU and India. The two also spoke in The Hague last year. Rutte gave Modi a gift as a present, reports eBuzzFeed. India is looking for investments, and ...