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Lenovo, the Chinese manufacturer of personal computers, following the results of the third financial quarter, which ended in December, reported a net profit of $233 million after a net loss of $289 million a year earlier. Profit exceeded the forecast of experts by 207 million dollars. Revenues reached a record level of 14 billion 40 million dollars. Its growth was at the level of 8.5%. Sales of smartphones declined by 20%. However, the division producing them recorded pre-tax profits, which happened for the first time since October 2014, when the company acquired Motorola. Revenue in the division producing personal computers and smart devices, marked a record, rising by 11.6%.
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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