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Business
Turkish Inflation Continues to Cool in the Run-Up to Elections
Turkish inflation cooled for the third consecutive month in January. While the cost of living in Turkey was nearly two-thirds higher last month than a year ago, the cooling boosts President Recep Tayyip Erdogan ahead of the presidential and…
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Chip Company ASMI Invests 100 Million Dollars in South Korea
Chip specialist ASMI will invest USD 100 million in its production and innovation centre in Dongtan, South Korea, in the coming years. The company from Almere signed an agreement with the South Korean Ministry of Trade, Industry and Energy.…
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Intel is Cutting Top Wages
The American chip manufacturer Intel, struggling with rapidly declining revenues, is slashing the salaries of the top of the company. Intel announced that CEO Pat Gelsinger is handing in a quarter of his base salary.
The management…
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Sony is Reducing Production of the Latest VR Glasses Due to Disappointing Demand
Tech company Sony has had to significantly reduce the previous production target for the latest virtual reality headset for the PlayStation game console, insiders report to the Bloomberg news agency.
According to them, this is due…
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Ryanair Reports Record Profits on Higher Prices and Strong Demand
Ryanair posted a record profit last quarter and is expected to continue to make a lot of profit this year and next. The budget airline foresees that the increasing demand for air travel also offers room to increase ticket prices further.…
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Regulator Investigates Claims Musk About Self-Driving Cars
The US stock market regulator SEC is again investigating Elon Musk, the CEO of Tesla. This time around, its role in self-driving car claims. According to insiders, the regulator is investigating whether Musk made incorrect statements about…
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Minister: India Will Soon Account for a Quarter of Apple Production
Apple plans to increase its production in India further. So said India's Commerce Minister. According to him, Apple wants a quarter of its production to come from India in the long term, from the current 5 to 7 percent.
The…
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Ryanair Weakens Green Claim After Regulator Criticism
Ryanair falsely assumed passengers could fly greener with the budget airline for a while. This is the conclusion of the Dutch Authority for Consumers and Markets (ACM) after an investigation into sustainability claims by airlines.
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