American car manufacturer Ford Motor announced the reorganization of production in the United States, which will allow it to reduce costs and increase the production of large SUVs. According to Bloomberg, the American company, while reorganizing, ...
In October, US citizens increased their incomes by 0.5% compared to September, when their growth was at the level of 0.2%, the country's Department of Commerce reported. At the same time, their expenses showed the strongest growth since March, ...
Chemical concern Bayer announced its intention to sell its non-core assets, such as brands of sunscreens and foot care products, as well as a division that produces veterinary drugs. This will allow the German company to focus its efforts on ...
Consumer confidence in the UK, according GfK, in October fell to the lowest since December 2017 level of minus 13 points compared with the September value of minus 10 points. These data suggest that, compared with steady growth in the middle ...
In October, there was a decrease in sales of new homes in the United States. According to the US Department of Commerce, the figure fell in annual terms by 8.9% compared to September to 544 thousand homes. The rate of decline was the highest ...
German car manufacturer Volkswagen announced plans to develop a platform for electric vehicles that will be sold in the Chinese market, Dow Jones writes. To this end, Volkswagen has entered into an agreement of intent with its Spanish brand ...
Following the results of the third fiscal quarter ended October 31, Tiffany, the American retail jewelry chain, reported a decline in net profit by 5.3% in annual terms to 94,900,000 dollars. Nevertheless, revenue during the earnings period ...
The head of the Iranian-Chinese Chamber of Commerce, Asadollah Asgaroladi, in an interview with the Iranian news agency, said that China intends to resume purchases of oil from Iran starting from the next week. He also noted that due to the ...
According to Deutsche Bank, which tracks 70 different asset classes, 90% of commodity and financial assets have fallen in price at a record pace since 1920, when losses showed 84% of 37 assets, finversia.ru writes, referring to the message ...
British companies note that Brexit has already begun to have a negative impact on the sale of airline tickets, Bloomberg writes. Demand for air transportation was under pressure due to the depreciation of the pound sterling, Atlantic Airways ...
During his visit to Madrid, Chinese President Xi Jinping, speaking in the upper house of the Spanish Parliament, announced plans to expand access to Chinese markets for foreign investors and strengthen the protection of intellectual property ...
Chinese technology corporation Xiaomi and Swedish IKEA have entered into a strategic partnership agreement, which involves connecting the full range of IKEA smart lighting products to the Xiaomi IoT platform. This was announced during a developer ...
The employment rate in the European Union reached 72% in 2017, an increase compared with the figure of 70% a decade ago, according to official data. The leader according to this indicator was Sweden, where the employment rate at the end of ...
The growth rate of the US economy in the third quarter slowed to 3.5% from 4.2% in the second quarter, according to the final data of the country's Ministry of Commerce. According to experts, a rise of 3.6% was expected. Economic growth in ...
The Deputy Chairman of the Federal Reserve, Richard Clarida, speaking at a conference in New York, said that, in his opinion, the best option was a further gradual increase in the Fed's base interest rate. He noted that the United States was ...
ENN Ecological, a subsidiary of the Chinese ENN Group, acquired its unprofitable gas liquefaction unit in the United States from Toshiba Japan for $15 million. Toshiba will also pay $821 million to the Japanese company during the transfer of ...
British travel company Thomas Cook expects that following the results of the fiscal year ended September 30, its pre-tax profit fell by £58 million to £250 million. Such a significant drop in profits was caused by the hot summer weather in ...
US President Donald Trump said in an interview with CNN that he had been dissatisfied with the decision of General Motors to close five of its plants in North America, reducing about 10 thousand employees. The president, one of whose priorities ...
The French National Institute of Statistics and Economic Studies reported that in November, consumer confidence in the French economy dropped from 95 points in October to 92 points, the lowest level since February 2015. According to experts, ...
The International Labor Organization analyzed the level of real wages in the G20 countries in 2017 and concluded that its growth had been slowing, Bloomberg writes. According to the ILO, last year real wages in the G20 countries increased by ...