Turkish company Karpowership will stop supplying power to Lebanon from two floating power plants off the country’s coast. The move follows significant arrears and a legal dispute with the Lebanese government, which is suffering from a deep economic crisis. Karpowership supplies about a quarter of Lebanon’s power needs and […]
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McDonald’s Sells More Fast Food Than Corona
McDonald’s has sold more fast food recently than in the same period last year. More turnover was also realized compared to the first quarter of 2019, before the corona pandemic. Especially in the critical American home market, there has been a significant increase. This was partly due to introducing […]
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IPO of TikTok Parent Company ByteDance Postponed
The IPO of the Chinese ByteDance has been suspended for the time being. The technology company behind the popular movie app TikTok would struggle to meet the requirements of both China and the US for an IPO. ByteDance would like to opt for an IPO in Hong Kong or […]
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Angry Tesla Driver Climbs on Model 3 During the Auto Show in Protest
A very dissatisfied owner of a Tesla climbed on a Tesla Model 3 during a car show in Shanghai. The woman was wearing a shirt that read, loosely translated in Chinese characters, “brake didn’t work” and shouted, “Tesla’s brake didn’t work”. This can be seen in a video from […]
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Oil Demand Will Increase More This Year Due to Vaccinations
Global oil demand will grow more strongly this year than previously thought, thanks to the coronavirus vaccination campaigns and the crisis’s economic recovery. That says the International Energy Agency (IEA). However, according to the IEA, the rising number of corona infections in certain large countries may pressure that recovery […]
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Strong Business Results Advance the Japanese Stock Market
On the Tokyo stock exchange, the mood on Tuesday was buoyed by strong corporate results. Also, investors processed the latest trade figures from China. We also looked forward to US inflation figures, which will be released later today. A rapid rise in the price level can cause interest rates […]
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ABN AMRO Will Offer Google Pay
ABN AMRO will offer Google Pay via its own app in the second quarter. According to the bank, there is a great demand among customers for mobile payment options that work on the Android operating system. “With Google Pay, customers will soon be able to quickly and easily make […]
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Meal Delivery Company Deliveroo Plummets at Stock Market Debut in London
Meal delivery company Deliveroo fell hard on Wednesday during the IPO in London. Several investors had already objected to how the company deals with its deliverers in the IPO run-up. The European stock markets showed little movement after the price gains the day before. Investors mainly looked forward to […]
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Nikkei Down Due to Price Losses Japanese Automakers
The major Japanese automakers went on sale on the Tokyo stock exchange on Monday. Investors fear that the Renesas chip factory’s fire will cause a further shortage of computer chips in the automotive sector. The sharp fall of the Turkish lira following the resignation of the boss of the […]
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The Japanese Stock Exchange Showed Recovery on Monday
The Japanese stock exchange showed recovery on Monday, after the heavy price drop on Friday. Tech investor SoftBank was particularly popular. Investors were pleased to hear that the IPO of office space lessor WeWork, in which SoftBank has a significant interest, has come one step closer. The chip companies […]