EasyJet reports a notable reduction in losses for the six-month period ending in March, exceeding previous forecasts. The British low-cost airline anticipates a pre-tax loss ranging between £340 and £360…
Tag: business
Goldman Sachs Surges Past Analyst Expectations
Goldman Sachs has defied expectations with a remarkable performance in the first quarter of this year, boasting double-digit increases in both revenues and profits. The Wall Street giant’s investment banking…
Aluminium Prices Surge Amid UK and US Ban
The decision by the UK and the US to ban the trade of Russian metals has led to a significant increase in aluminium prices, driven by efforts to curb financing…
Challenges Persist for German Industry Despite Modest Factory Order Growth
February’s marginal increase of 0.2% in German factory orders falls short of analysts’ expectations, indicating ongoing struggles for the country’s manufacturing sector. Factors Influencing the Marginal Uptick The modest growth…
Samsung Forecasts Soaring Profits Amid Chip Market Recovery
Samsung Electronics anticipates a significant surge in operating profit for the first quarter of 2024, with projections indicating a remarkable 10-fold increase compared to the previous year. The boost in…
Volvo Hits Record-Breaking Sales Performance
Volvo Cars achieved remarkable sales figures in March 2024, driven largely by the increasing popularity of their fully electric and plug-in hybrid vehicle models. The company witnessed a historic high…
Job Cuts in Amazon’s Cloud Computing Division
Amazon has announced plans to lay off hundreds of employees within its Amazon Web Services (AWS) unit as part of a broader restructuring initiative. The affected positions span across sales,…
Swiss Fintech Initiative for Vulnerable Economies
A Swiss fintech startup, nsave, is pioneering an offshore bank account solution to assist individuals from economically distressed regions in safeguarding their finances against currency devaluation. Co-founder Amer Baroudi, drawing…
Schneider Electric’s Push for AI-Powered Energy Efficiency
At Schneider Electric’s Innovation Summit in Paris, CEO Peter Herweck championed the pivotal role of AI and digitalization in driving the necessary energy transition and reducing CO2 emissions. The company…
Turkey’s Inflation Reaches Highest Level Since 2022
Turkey’s inflation surged to its highest level since November 2022, hitting 68.5% in March 2024, according to data from the Turkish Statistical Institute. Although slightly below analyst projections of 69.10%,…