Mattoo Rani 1007 posts

Energy company Siemens Energy has lowered its profit forecast for this year. This is due to problems at its Spanish wind turbine subsidiary and the restructuring of its Russian activities. The number of orders with the German…
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Stock markets in New York opened with a loss on Friday. Investors on Wall Street reacted to the US government jobs report. According to that report, 528,000 new jobs were created in the world's largest economy in July. That was…
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Oil and gas company Shell gives most of its approximately 82,000 employees a bonus of 8 percent of their annual salary. Shell wants to let employees share in the success of the company. This explicitly concerns employees who do not…
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China has blocked the shipments of more than 100 Taiwanese food exporters to the country. With the export ban, Beijing wants to put economic pressure on Taiwan in the run-up to the expected visit of US House Speaker Nancy Pelosi to Taiwan.…
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German retailers sold 8.8 percent less in June than a year earlier. That is the sharpest drop since the measurements started in 1994, reports the German federal statistical office Destatis. As in other European countries, consumers…
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Eurozone consumer confidence fell to an all-time low in July. The European Commission reported this. Confidence is under pressure from high inflation, undermining households' purchasing power. Concerns about an economic recession…
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