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Corona Lockdowns in Vietnam Cost Adidas 400 Million in Turnover
Adidas lost 400 million euros in turnover in the first quarter. That is because corona lockdowns in Vietnam caused problems in the supply chain, the German sports brand says.
As a result, products were often less readily available,…
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Shell Makes Good Progress with the Sale of Russian Assets
Oil and gas group Shell is making good progress with the sale of its Russian assets. That said, CEO Ben van Beurden explained the company's quarterly figures on Thursday.
The group decided to stop its Russian activities because of…
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Wall Street Awaits Rate Decision, Lyft Plummets After Results
Lyft shares plunged nearly 30 percent in value on the New York stock exchanges. The taxi service came with disappointing expectations for the current quarter. In particular, according to investors, Lyft's plans to invest more in hiring…
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Starbucks is Lowering Sales in China Due to Lockdowns
American coffee chain Starbucks has seen sales in China fall in the past quarter due to the corona lockdowns in the country. However, despite declining sales in China, the group recorded record sales due to strong sales and price increases…
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Pfizer Turnover and Profit Skyrocket Due to Corona Vaccine
Pfizer also did good business in the first quarter of this year with the corona vaccine that the pharmaceutical company developed together with biotech company BioNTech.
Both the turnover and profit of the American company…
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EasyJet Stops With Planes Leased From Russia
Budget airline EasyJet has cancelled the lease of six aircraft leased from a Russian company. The British company did this at the beginning of the war in Ukraine in order not to violate sanctions, although it was not immediately clear…
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Facebook Parent Company Meta Shoots Up on Green Wall Street
Meta Platforms shot up more than 15 percent on the stock exchanges in New York on Thursday. The parent company of Facebook and WhatsApp made more profit than expected last quarter and saw the number of users increase again. The numbers…
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More and More Gas Importers Willing to Knock on Gazprombank
More and more major European importers of Russian gas seem willing to open an account with Gazprombank to be able to pay for gas from Russia in rubles.
With that step, they could secure the continuation of the supply of Russian…
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