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Turkish Cement Companies Rise Again After New Earthquakes
Turkish cement companies rose sharply on the stock exchange in Istanbul on Tuesday after new earthquakes in the southeast of the country.
The declaration by Turkish President Recep Tayyip Erdogan that Turkey could start building…
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Baby Food Producer US Again Under Investigation for Shortages Last Year
The American competition regulator FTC has launched a new investigation into baby food producer Abbott. The investigation focuses on Abbott's role in a major shortage of baby milk powder in the United States last year.
In addition,…
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Fashion House Hermès Records Turnover Despite China’s Corona Restrictions
The French fashion house Hermès does not seem to have suffered from the strict corona restrictions in China during last year's last quarter.
Turnover rose almost a quarter to a record high of 11.6 billion euros, where experts…
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Shell: European LNG Demand Creates More Competition With Asia
Increased demand from Europe for liquefied natural gas (LNG) will increase competition with Asia for additional LNG supplies, while new supply will remain limited over the next two years. Shell writes this in a report on the LNG market.…
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Ford is Cutting 3,800 Jobs in Europe, Most of Them in Germany
Carmaker Ford plans to cut 3,800 jobs in Europe over the next three years. Of these, 2300 disappeared in Germany and another 1300 in the United Kingdom.
The remaining 200 jobs will be cut in other countries. These are mainly…
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Twilio Lays Off Tenth of Staff Again
Cloud communications giant Twilio announces a round of layoffs for the second time in a year. This time around 1,500 people will be evicted.
Twilio says it wants to lay off 17% of its employer base and close several offices. The…
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Camera Maker Olympus Drops on Lower Japanese Stock Market
Olympus was among the biggest fallers on the Tokyo stock exchange on Monday. The Japanese camera maker lowered its profit forecast for the full fiscal year, which runs until the end of March, after disappointing results in the past quarter.…
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OPEC Chief Wants Climate Activists to Look at the Bigger Picture
Climate activists should not just push for a reduction in fossil fuel use but should look "at the bigger picture". This is what Secretary-General Haitham Al-Ghais of the oil cartel OPEC said during an energy conference in Cairo.
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