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• Britain’s advertising regulator banned Lufthansa from using an ad that implies the German airline is protecting the planet and warned against misleading consumers about the impact of air travel on the climate. via The Guardian Zoom in: The ad featured a plane in flight with the slogan "Connecting the World. Protecting its Future", which the Advertising Standards Authority ruled could not run in the UK as there are “currently no environmental initiatives or ...Devamını Oku
02 Mar 2023
• H&M blamed high clothes prices, a strong US dollar, its exit from Russia, and a cost-cutting program for a large decline in its earnings as it struggles with profitability. Operating profit plunged 87% to 820 million Swedish Krona ($73mn) in the quarter to the end of November from the same period a year earlier, well below expectations of 3.7 billion Swedish Krona (€330mn). Zoom in: Shares in H&M fell as much as 7% on Friday, having lost nearly half of thei...Devamını Oku
30 Oca 2023
• Microsoft issued a disappointing revenue forecast for the current quarter in its earnings call on Tuesday, causing a dip in share prices despite posting better-than-expected results for the quarter that ended on Dec. 31. Zoom in: Adjusted earnings came in at $2.32 per share vs. $2.29 expected, while revenue was $52.75 billion vs. $52.94 billion expected. Total revenue increased by 2% year-on-year, the slowest rate since 2016. Cloud business continued to slow, as...Devamını Oku
26 Oca 2023
• Elon Musk is looking to sell new Twitter shares to investors who helped the billionaire buy the social media platform for $44 billion in October, reported the Financial Times, in a bid to raise new funds as the company continues to bleed cash and faces heavy interest payments on its debts. Zoom in: Jared Birchall, a former Morgan Stanley banker and the head of Elon Musk’s family office, approached Twitter’s shareholders on Thursday afternoon, according to two sou...Devamını Oku
19 Ara 2022
• Eurozone inflation hit a new record of 9.1% in August compared to last year, driven by an annual surge of 38.3% in energy prices, according to flash figures from Europe’s statistics office Eurostat. The higher-than-expected rate is the ninth consecutive record for consumer price rises in the region, with the climb starting back in November 2021. via FT Zoom in: Food, alcohol and tobacco were up 10.6%, with the knock-on effects of recent heat waves across th...Devamını Oku
01 Eyl 2022
• Europe’s low-cost airlines could be severely affected by upcoming staff walkouts as unions across the industry call for strikes due to pay cuts that led to staff shortages. via Unsplash Zoom in: Ryanair's cabin crews are set to walk out later this week in Spain, Portugal and Belgium with the staff in Italy and France warning of a strike as EasyJet's cabin crews based in Spain also announced nine days of strike through July. Ground staff of Charles de Gaulle...Devamını Oku
23 Haz 2022
• Ferdinand Marcos Jr . , the namesake son of the longtime dictator, declared victory in the Philippines' presidential elections that took place on Monday, according to unofficial results. If the results stand, he will be in office with Sara Duterte as the vice president who is the daughter of the outgoing President Rodrigo Duterte. via VOA Zoom in: Marcos Jr's landslide victory raised immediate concerns about the state of democracy in Asia and could complicate...Devamını Oku
12 May 2022
• The Bank of England hiked interest rates to 1% , the highest noted at the central bank since 2009, warning of a sharp decline in growth rates, and an increase of inflation to above 10%, when combined, could send the country into stagflation or even recession. Zoom in: The surge in energy prices as a result of the Ukraine war is likely to send inflation above 10% in October, Governor Andrew Bailey said, noting that BoE forecasts a relatively quick dip in the metric...Devamını Oku
06 May 2022
• The world needs $1.3 trillion worth of investment in energy production by 2030 to provide a supply boost that could satisfy demand, JP Morgan analysts said, noting that demand growth would surpass supply growth by 20% by the end of the decade. Zoom in: Oil demand will expand 10% by 2030, the bank said, while gas demand will grow by 18% by this time, though all venues of energy generation should be boosted, the bank said.
21 Nis 2022
• Twitter adopted a "poison pill" policy that would allow for more than 15% of stocks to be sold at a discount in the case that a single shareholder amasses this much stake in the company. Zoom in: The move was deemed a plausible defensive mechanism by analysts in light of Elon Musk's approaches to the company, followed by private equity company Thoma Bravo announcing it was working on an offer to buy out the social media giant.
18 Nis 2022