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German Munich Re, the world's second-largest reinsurance company, in the second quarter of this year, reduced its net profit by 0.7% in annual terms to 728 million euros. In the first half of the year, the company's net profit increased by 20.5% to 1 billion 555 million euros. In the second quarter, the gross volume of premiums, excluding changes in foreign exchange rates, amounted to 11 billion 188 million euros, by 5.2% down. According to the results of the first half of the year, the indicator fell by 1.7%. Net investment income for the quarter fell by 6.9%, for the first half - by 12%. The semi-annual figure was 3 billion 554 million 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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