Cisco Systems lost a tenth of its market value on Wall Street at the start of the trading day on Thursday. The manufacturer of network equipment and security software recorded…
British fashion brand Burberry has done well in the past quarter thanks to higher sales prices for its raincoats and checked handbags. As a result, both profit and turnover increased….
Spirit Airlines rose more than 7 percent in stock market value on the stock markets in New York on Monday. The price jump followed a hostile takeover bid from competitor…
Apple is said to be testing an iPhone with a USB-C connection. This would bring it into line with the forthcoming European legislation. But the adjustment is not yet for…
The European Central Bank (ECB) is expected to raise interest rates in July. ECB president Christine Lagarde hinted at a first interest rate hike next summer. During a meeting…
Aviation group IAG, the parent company of British Airways, has had to scale back its plans to increase capacity this year due to staff shortages at London’s Heathrow airport. This…
Turkey’s already high inflation rose further last month. According to official figures from the Turkish Statistical Office, the annual currency depreciation was 70 percent in April. That is the highest…
The massive departure of foreign companies from Russia because of the war in Ukraine has put some 600,000 Russian jobs at risk. That said, an official of the Russian ruling…
Meta, the parent company of Facebook, made a net profit of $7.47 billion in the first quarter of this year. The company announced this on Wednesday. Net profit is…
Prime Minister Fumio Kishida thinks Japan should consider increasing its use of nuclear energy. The country, which is entirely dependent on foreign imports for its oil and gas needs, is…