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Net profit of the Danish transport company Moller-Maersk, the world leader in the field of container transportation, in the first quarter increased to 2 billion 475 million dollars from 245 million dollars a year earlier. EBITDA increased to 669 million dollars from 638 million. The revenue of Moller-Maersk was 9 billion 253 million dollars, increased by more than 30% in annual terms. The base loss, excluding one-time incomes and expenses, increased from $139 million to $239 million. The press release of the Danish company shows an increase in uncertainty due to geopolitical risks, increased tensions in trade and other factors that affect the cost of bunker fuel, exchange rates, as well as freight rates in the container market.
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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