The American company Walt Disney stated that it is experiencing a number of economic problems due to the coronavirus pandemic, as the result of which it is forced to lay off 28,000 employees in the United States. This was reported by Bloomberg.
“No matter how frantic this step is, this is the only possible option we have in light of the long-term impact of COVID-19 on our business,” said the company’s management.
According to the agency, employees of theme parks, cruise liners, retail enterprises, as well as members of management are subject to reductions. More than half of them worked part-time.
In total, before the pandemic, the company had about 100,000 employees in the United States.
The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]
Johnson & Johnson plans to complete the third phase of trials of its single-dose vaccine against COVID-19 in mid-January 2021. Paul Stoffels, vice chairman of the executive committee, senior scientific expert at Johnson & Johnson said they plan to deliver to market 1 billion doses. “We are in the middle of the third phase of […]
The American company Pfizer and the German BioNTech have applied to the European Medicines Agency for registration of their coronavirus vaccine. The announcement was published on the BioNTech website. “On Monday, November 30, Pfizer and BioNTech filed a formal application with the European Medicines Agency for a conditional authorization to use their COVID-19 candidate vaccine […]
The National Bank did not go out this week with interventions on the interbank market, according to the press service of the regulator on Friday, November 27. The Central Bank has been refusing to buy or sell currency for three weeks in a row. At the same time, since the beginning of the year, the […]
Last week, from November 16 to 22, more than 4 million people in the world became infected with the new type of coronavirus, which is a record number since the beginning of the pandemic. This was announced on Tuesday, November 24, the press service of the World Health Organization. According to the WHO, in these […]
With the appearance of an effective vaccine against coronavirus and the subsequent recovery of the world economy, the US dollar may fall by 20%. This was reported by the Financial Times. It is noted that banks, which already had negative forecasts for the dollar next year, deteriorated expectations against the background of the emergence of […]
If coronavirus vaccines become widely available and help restore international trade and economic growth, the dollar is likely to fall by 20% in 2021. Bloomberg reports that this forecast was made by Citigroup Bank. If the forecast comes true, it will be a record drop since 1985, when the DXY index fell by 18.5% over […]
BioNTech from Mainz and US pharmaceutical giant Pfizer have announced the successful third phase of clinical trials of the vaccine from COVID. The company said in a statement that registration is expected in November. According to the release, the third phase of clinical trials of BNT162b2 showed its effectiveness by more than 90% among trial […]
JPMorgan shares increased because of the announcement of financial results for the 2nd quarter ended on June 30. Since the beginning of the year, JPMorgan shares have lost almost 30% because the global COVID-19 pandemic has hit the global economy, and the US Federal Reserve has cut rates to zero greatly reducing the profitability of […]
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Agricultural holding “Industrial Milk Company” (IMC) is planning to raise $ 20 million funding from the European Bank for Reconstruction and Development for appending of the floating capital. According to the bank’s website, the board of directors plans to consider the relevant draft at the meeting on April 20. The total cost of the project […]
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The Council of the European Union is set to approve two EU legislative acts on Tuesday, February 24, providing Ukraine with a €90 billion loan. The measures will allow technical work on the loan to continue even as Hungary blocks a third bill required to complete the process. This was stated by European Commissioner Valdis […]
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Shares of Zoom Video Communications, which rose 716% over the past 12 months, rose 5.8% during trading on Monday, but closed with an increase of 1.23%. This is very different from the general decline in the market on Monday – major US stock indexes closed lower: the S&P 500 by 1.86%, the Dow Jones by […]
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Microsoft will stop supporting Windows 10 on October 14, 2025. This was reported by the company’s press service. Thurrot writes that this means the date of the “death” of Windows 10. The publication adds that the new generation of operating system, which Microsoft will present next week, will not be called Windows 10, at least, […]
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The Digital Future Investment company became a co-investor in the startup YouAppi round “B”. According to the CEO of the Digital Future, Alexei Vitchenko, this is the first transaction of the Ukrainian investment company in the “B” round level. The deposit amount is not disclosed. American-Israel YouAppi service was founded in 2011. YouAppi technology is […]
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In temporarily occupied Crimea, gas stations have restricted the sale of AI-95 gasoline due to shortages, The Moscow Times reports. According to local residents, this type of fuel has disappeared from most stations, while at those where it is still available, sales are mostly made using vouchers issued by companies. The price of AI-95 has […]
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The European automotive market began 2026 in decline: in EU countries, the United Kingdom, and the European Free Trade Association (EFTA), 961,382 new cars were registered in January — 3.5% fewer than a year earlier, according to Carscoops. Sales of Tesla in the region fell by 17% to 8,075 vehicles. The company’s market share declined […]
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In the United States, Ford Motor Company announced a large-scale recall of nearly 500,000 Ford Edge and Lincoln MKX vehicles and more than 105,000 Mustang vehicles. According to Reuters, the first recall is due to a possible malfunction in the braking system, while the second is due to a failure of the exterior lighting. In […]
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Shares of Pfizer and BioNTech fell 1.74% and 2% (respectively) on Thursday amid news that companies will deliver half of their planned number of vaccines against COVID-19 in 2020. On November 20, Pfizer and its German partner BioNTech applied to the FDA (US Food and Drug Administration) for permission to use their vaccine in an […]
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Ukrainian companies need to boldly experiment with artificial intelligence (AI). Success will belong not to those with the most powerful model, but to those who integrate it most effectively into their processes. This was discussed during a panel at this year’s Forbes Tech 2025, according to the press service of Metinvest. The discussion featured Oleksii […]
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For the three quarters of 2021, the budget was overfulfilled in terms of revenues by 5.3%, or UAH 46.65 billion, from the plan and exceeds last year’s level by 20.8%. This was reported on the website of the State Treasury. In particular, in September the budget was overfulfilled by 6.4%, or UAH 6.2 billion, and […]
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The United States has given Germany a six-month deadline to resolve the issue of Rosneft’s German assets, allowing them to be temporarily exempted from U.S. sanctions, Bloomberg reported, citing informed sources. The Trump administration has indicated to Berlin that it is considering issuing a limited, non-renewable general license for Rosneft Deutschland. German authorities are currently […]
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Hyundai Motor Company and General Motors have unveiled initial plans for five jointly developed vehicles. Four of the vehicles — a compact crossover, a sedan, a pickup truck, and a mid-size pickup — are targeted at markets in Central and South America. All models will be available with both gasoline engines and hybrid powertrains. The […]
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TUI will receive another 1.2 billion euros in state aid in connection with the effects of the coronavirus pandemic, the press service of the travel concern said. “The € 1.2 billion stabilization package strengthens the group’s position, providing sufficient liquidity in an unstable market environment. This applies to both the tourist season of the winter […]
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Rising prices for memory chips are significantly affecting the production cost of smartphones. According to analysts at Counterpoint Research, in the first quarter of 2026 the cost of memory for manufacturers of budget smartphones could increase by 25%, reaching about 43% of the total cost of components. This estimate is based on a typical configuration […]
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