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The Chinese automaker Geely Automobile Holdings, which owns the Swedish Volvo Cars, said it expects its net profit to grow by more than 50% year-on-year in the first half of 2018. The expected growth in profits is mainly due to an increase in sales revenue. Sales of the company's cars for the period from January to June increased by 44% compared to the first half of 2017 and amounted to 766 thousand 630 cars. Following the results of 2018, Geely expects that the number of cars sold will exceed the target level of 1 million 580 thousand cars. In 2017, Geely sales increased 63% to 1 million 247 thousand 116 cars.
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, ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
SensorTower announced on Wednesday that Apple (AAPL) removed more than 2,500 games from the China App Store in the first week of July. The move came after the U.S. tech giant closed a loophole to comply with China’s license requirements. Apple ...
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