By the end of this year, the German airline Lufthansa intends to reduce its foreign staff by 20 thousand people, as well as sell its LSG division, which deals with on-board catering, which employs 7.5 thousand people.
Lufthansa subsidiaries Eurowings, Swiss, Austrian and Brussels Airlines are reducing the frequency of flights, fleets and staff amid falling demand for flights due to the coronavirus pandemic.
According to the newspaper, German Airlines, which serves mainly domestic flights, may cut up to 10,000 jobs next year.
Before starting flights, Boeing will need to comply with a number of regulatory requirements – retrain pilots and update aircraft software. Boeing shares in the premarket rose by 6.73% to $ 234.16 per share, according to previous trading data. The head of the US Federal Aviation Administration (FAA), Steve Dickson, has signed an order allowing […]
Shares of General Motors, down by 3.7% since the beginning of the year, rose by 3.9% in trading after the company announced the results of the 3rd quarter, which ended on September 30. General Motors reported earnings per share increase of 65% to $ 2.83, which was higher than analysts expected $ 1.38. The amount […]
Shares of Peloton, which rose nearly 346% since the beginning of the year, rose 2% during trading on Friday after the company published the results of the first quarter of fiscal 2021, which ended September 30. Peloton, which went public a little over a year ago, reported earnings per share for the second quarter in […]
Deutsche Lufthansa reported that it suffered a loss of 1.97 billion euros in the third quarter of 2020 against a net profit of 1.15 billion euros a year earlier. The carrier’s revenue fell by 74% to 2.66 billion euros from 10.11 billion euros a year earlier. Adjusted loss before tax and interest payments (EBIT) was […]
Shares of Starbucks recovered from losses of February and March due to the pandemic and rose by 19.7% over the past 6 months. But shares fell again after the publication of the quarterly report, which ended September 30. Starbucks revenue and profit for the 4th quarter of fiscal 2020 showed a strong jump in growth […]
American chipmaker Advanced Micro Devices Inc (AMD) is buying rival Xilinx Inc for $ 35 billion under a deal that it will be paid for in full by AMD shares. According to a press release from AMD, the operation will create a company worth about $ 135 billion. “The acquisition of Xilinx will allow AMD […]
In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]
Last week, on Wednesday, November 25, 2015 Andre Esteves, the founder of the Brazilian investment bank BTG Pactual, was taken into custody in the framework of an extensive investigation of bribery. It is known that large Brazilian construction firms are involved into the scandal and another defendant is a state oil company Petroleo Brasileiro SA. […]
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American JP Morgan Chase & Co. could pay the fine of nearly $ 1 billion in the connection with the US government’s investigation into the bank’s operations, reported Bloomberg. “JP Morgan Chase & Co. is preparing to pay nearly $ 1 billion due to the US government’s investigation of the market manipulations related to its […]
NextBy the end of this year, the ministry is going to form all the Supervisory Boards. Ministry of Economic Development and Trade (MEDT) plans to appoint the independent Supervisory boards for the 15 largest public companies in Ukraine before the end of this year. This was reported by Yulia Kovalev, Deputy Minister. “The Ministry of […]
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Large investors of the Ferrari – Exor and Piero Ferrari holding company, made a pact that will protect the corporation from hostile takeovers. Ferrari feared for his integrity after it will be separated from the Fiat Chrysler in the beginning of the next year. Investors are joining forces to make all actions together and consulting […]
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Khmelnytskyi regional territorial office of the Antimonopoly Committee of Ukraine has fined the privately-operated enterprise “Prometey consulting firm” in the name of the branch “Slavutskyi Butter Plant”, “Ryhalsky factory of the desiccated milk ” LLC, “Bimol” LLC, “Biscuit-Milk” LLC for 36.828 thousand UAH for anticompetitive concerted actions in the milk procurement market for industrial processing. The Regional territorial office found […]
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Last month, the demand for foreign currency increased and the hryvnia exchange rate adjusted. This is stated in the macroeconomic and monetary review of the National Bank in June. It is noted that for most of June 2021 in the foreign exchange market supply exceeded demand. This took place against the background of favorable external […]
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In the second quarter, the Australian economy fell by 7% to the first quarter amid a coronavirus pandemic. In the previous quarter, the decline was 0.3%. Thus, Australia has entered a recession for the first time in 30 years. The quarterly decline in GDP has been the highest since the beginning of observations in 1959. […]
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Yesterday it took place a press conference with the top management of the group companies WOG, where it were voiced the plans of the largest oil trader and retailer of coffee for 2017. Also, the results of the past year were reviewed. CEO of Business Serhiy Koretskyi, together with the director of retail sales Kudin […]
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American carmaker Ford is recalling more than 661,000 Ford Explorer crossovers in North America due to problems with disconnecting the roof rails. Reuters reported this the day before. The US National Highway Traffic Safety Administration requested a recall. If necessary, the dealer will install special pins and replace the damage. Since the beginning of 2020, […]
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President of Ukraine Petro Poroshenko said that by the end of January, the state expects financial aid of $ 100 million from the Swiss Confederation, which approved the allocation of this amount of money. Money must be received at the National Bank account. This information was published by Ukrainian portal InVenture. Swiss President Doris Leuthard […]
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By the last calculations, Donald Trump has won in the USA elections . The majority of world editions have reported already about it which reputation don’t allow doubting the validity of this information . As the Air Force reports, for the time being, the candidate of republicans has collected 278 votes of delegates. Hilary Clinton […]
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The TAS-Agro company plans to increase its land bank from 95 to 150 thous. Ha. The company is interested in areas in the northern part of Ukraine. This was announced by the investment chief of the TAS Group company – Anton Kernasovskyi, – says delo.ua. According to him, he does not know exactly when and […]
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Foreign pharmaceutical company Euro Pharma International is building a new pharmaceutical plant in Kiev Svyatoshinsky district, Kyiv region. The first phase of the project start is scheduled for autumn 2016. To date, the company estimates the volume of investments of $ 50 million. “I am very pleased that the foreign investors are interested in our […]
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ByteDance’s valuation exceeded $ 250 billion, based on the value of shares in the secondary market, according to Bloomberg. The Chinese company’s share price has risen sharply in recent weeks as investors show more interest in ByteDance’s business, and its founder Zhang Ying is considering an IPO, the agency said. According to the analytical company […]
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At the close of trading on the New York Stock Exchange on Monday, July 13, Tesla Inc. stock price fell to $1497 per share from a record $1794 recorded in the first hours after the trading opened. Consequently, the company’s capitalization in just a few hours fell from $321 billion to $277 billion. Tesla’s previous […]
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The Italian Antimonopoly Service has fined the American corporation Google more than 102 million euros for abusing its dominant position in the market. “The Italian Antimonopoly Service has fined Alphabet Inc., Google LLC and Google Italy S.r.l. more than 100 million euros (102,084,433.91) for violating Article 102 of the Treaty on the Functioning of the […]
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