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The net profit of the Japanese automaker Nissan Motor in the first fiscal quarter ended June fell 14% year-on-year to 115 billion 800 million yen, which was due to a significant drop in sales in the US and Europe, as well as higher raw material costs. Revenue for the quarter was 2 trillion 717 billion yen, 1.6% down year-on-year. The company reduced the global sales figure by 3% to 1 million 310 thousand cars. In the US, sales fell by 9.5%, in Europe - by 12.7%, in Japan - by 0.8%.
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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