China’s economic recovery is weakening. This has to do with, among other things, outbreaks of the Delta variant of the coronavirus, for example, which forced ports to close and new lockdowns were imposed. China also suffered from flooding, which put pressure on economic activity. Production in China’s sizeable manufacturing […]
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Online Bulletin Board Reddit Aims to be Worth More Than 10 Billion After Investment Round
Reddit, the online message board where users can chat about various topics, expects to raise $700 million in a new investment round. The company is worth more than $10 billion on paper. Reddit is worth 67 percent more than in the previous capital round in February. In two and […]
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TUI Continues to Suffer Losses But the Number of Bookings for Summer is Increasing
Travel group TUI benefits from extra bookings for the summer holidays. That’s because travel restrictions were relaxed in large parts of Europe as the number of corona infections fell. However, TUI still suffered a significant loss. “Especially in Germany and the rest of continental Europe, the booking figures show […]
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Sea Transport Companies Help Nikkei to Profit
The stock market in Tokyo ended slightly higher on Thursday. In particular, the Japanese sea transport companies were in the spotlight thanks to solid results from container carrier Nippon Yusen. However, concerns about the continued rise in the number of corona infections in Japan limited profits. In Tokyo, where […]
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Microsoft Also Makes Vaccination Mandatory for Employees
The American branch of Microsoft requires employees to be vaccinated if they want to return to the company premises. Employees must be able to demonstrate that they have been vaccinated. The rule goes into effect next month. Microsoft joins the ranks of other major American tech companies such as […]
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Game Companies Crash on Asian Stocks After Beijing Criticism
The Japanese and Chinese makers of computer games fell hard on the stock exchanges in Tokyo and Hong Kong on Tuesday. The price drops followed reports in Chinese state media describing online gaming as “spiritual opium” and raising concerns about the amount of time youth spend playing games. As […]
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Germany Collects Record Amount With CO2 Emission Rights
Germany has earned a record amount from the sale of CO2 emission rights. In the first six months, 2.4 billion euros was raised. In the whole of last year, it was still an amount of 2.7 billion euros, and in 2019 it was 3.2 billion euros. The certificates must […]
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Shell Rewards Shareholders After A Favourable Six Months
Shell plans to repurchase $2 billion worth of its own shares before the end of this year. With the buyback program, the oil and gas group is rewarding its shareholders. In addition, because fewer pieces remain after the purchase, the remaining shares increase in value and increase earnings per share. […]
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Apple Sells Half More iPhones
Apple is doing better than expected. The quarterly figures of the tech giant should show that it was not affected much by the persistent chip shortages. Apple posted a third more revenue in the third quarter of its broken fiscal year than in the same period last year. The […]
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Bitcoin Value Returns to $40,000
Bitcoin’s value has risen again to nearly $40,000, after a significant dip last week. The recovery is probably related to the speculation that online store group Amazon will also do something with crypto coins. Recently, the digital currency was worth less than $30,000. But according to CoinMarketCap, it is […]