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Business
IATA: Ask Air Freight Under Pressure Due to Economic Headwind
The global demand for air freight transport fell by 13.6 percent on an annual basis in October as a result of the deteriorated economic prospects in many major economies. The international branch organization reports this for Aviation IATA.…
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Chinese Tech Companies Rise on Cautious Wall Street
Stock markets in New York rose slightly on Tuesday after the loss a day earlier. The Chinese technology companies listed on Wall Street were among the strongest risers due to easing concerns about social unrest in China over the strict…
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Gas Prices Up and Down With Cold Weather Coming
Natural gas prices in Europe fluctuated Monday, with traders' attention focused on cold weather and potential supply disruptions. Unfortunately, this happens when the gas storages are almost complete.
The gas price on the leading…
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Loss of Six Million iPhones Due to Unrest in Chinese Factory
The unrest at the large iPhone factory in Zhengzhou, China, threatens to saddle Apple with a production shortfall of about six million iPhones Pro this year.
This is reported by the Bloomberg news agency based on sources close to…
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Reuters: China’s Central Bank Comes to the Rescue of the Real Estate Sector
China's central bank will provide cheap loans to financial firms to buy bonds issued by ailing developers. This is reported by the Reuters news agency based on anonymous insiders. It would be the most extensive support from the Chinese…
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Xiaomi Suffers From Less Demand for Mobile Phones
The Chinese electronics group Xiaomi has seen turnover fall sharply in the third quarter. A worldwide drop in demand for smartphones bothered the company.
Less desire to buy on the home market due to the many corona lockdowns in…
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The European Commission has Prepared a Detailed Proposal for a Gas Price Cap
Following a proposal containing the general principles and several non-papers, the European Commission on Tuesday detailed its long-awaited "market correction mechanism" to cap excessive prices on the wholesale gas market.
The…
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Zoom Drops, Best Buy Rises on Wall Street After Results
Zoom Video Communications was among the biggest fallers on the New York stock exchange on Tuesday. The video chat service, which rose to prominence during the coronavirus pandemic, saw revenue and user growth amid a return to office work.…
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