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Automotive concern Fiat Chrysler Automobile, following the results of the first quarter, reported on the increase in its net profit by 59%, or 1.6 times, in annual terms to 1 billion 20 million euros due to strong operating performance and a reduction in debt servicing costs. Operating profit excluding one-time factors increased by 5% to 1.6 billion euros. Quarterly revenue fell by 2% to €27 billion, mainly due to currency fluctuations. Global car sales in the past quarter amounted to 1 million 204 thousand cars, increased by 5%. Sales of Jeep cars increased by 37%. The net debt of the concern decreased by 1.1 billion euros to 1.3 billion euros.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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