Business

India's economy recorded a historic contraction of 23.9 percent in the second quarter compared to a year earlier. The Indian economy, one of the largest in Asia, was hit hard by the outbreak of the coronavirus and the massive…
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Chinese tech and telecom giant Huawei Technologies is focusing on its growing cloud services for the future. The company, which is burdened by US sanctions for alleged espionage practices, would still have access to chips in the…
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Soda maker Coca-Cola offers employees in North America a voluntary severance package. The company faces changes in its soft drinks business and job cuts are part of the strategy. The scheme has room for at least 4000 employees.…
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The British Rolls-Royce, the maker of aircraft engines, has suffered a loss of billions as a result of the corona crisis. Due to the virus outbreak, airlines cancelled their orders for new aircraft, and there was less demand for…
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The Japanese stock exchange took a pause on Wednesday. Investors slowed down a bit after the recent boom in which all price losses caused by the corona crisis were cancelled out. The new record levels of the S&P 500 and the…
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China and the United States have once again pledged to honour agreements in the trade agreement between the major economic powers. The earlier agreements of the phase 1 trade deal between the countries were confirmed by telephone…
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The Japanese stock exchange started the last full week of trading in August with a small profit on Monday. Investors pulled themselves to Friday's new record levels of Wall Street and kept an eye on developments around the…
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China's second-largest economy may show growth this year despite the impact of the corona crisis. Prime Minister Li Keqiang said this on Chinese state radio on Sunday. The Chinese economy grew by 3.2 percent in the second quarter,…
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