Companies


    • Germany sells stake in Lufthansa

      Germany sells stake in Lufthansa

      Germany plans to sell some of the state owned shares in the national flag carrier Lufthansa. Currently the German state controls a 20% stake in Lufthansa. Under the government plans the package will be reduced by one fifth, Reuters reported. The envisages sell off will take place in the coming weeks.

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    • New Covid-19 wave cripples Airbnb business

      New Covid-19 wave cripples Airbnb business

      The popular platform for short time rentals Airbnb announced that the rising new wave of Covid-19 infections worldwide seriously affects its business and the prospects for recovery seem to fade away. The new Delta variant of the virus and the slowing vaccination in US and other developed countries are the main factors behind the negative expectations, Reuters reported.

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    • Boeing delays Starlight space debut over spoiled valves

      Boeing delays Starlight space debut over spoiled valves

      The airplane maker Boeing announced it was forced to postpone, by at least several month, the debut of its Starliner space capsule as it needed to remove the top of the rocket for further repairs. Earlier in July the company stopped the launch of its much awaited CST-100 Starliner to the International Space Station after discovering a glitch in its propulsion system valves, Reuters reported

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    • Shell pays $111m over old spill in Africa

      Shell pays $111m over old spill in Africa

      The energy giant Shell announced it had reached a final settlement to pay some 111 million dollars over damages caused to Nigeria over an oil spill back in the 1970s. A company's spokesperson confirmed that the cash will be disbursed to the Ejama-Ebubu community over a massive spill during the 1967-70 Biafran War. Shell initially claimed that the damage was caused by third parties, BBC reported.

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    • Google may cut wages of staff on home office

      Google may cut wages of staff on home office

      The technological conglomerate Google will reduce the payments to it US personnel who chose not to return physically to offices and keep working from home. Google has developed a pay calculator for employees, BBC reported. The application will allow staff to see the effects of working remotely or moving to offices.

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    • Musk vows to keep €5.8bn German gigafactory plan

      Musk vows to keep €5.8bn German gigafactory plan

      The owner of electric cars producer Tesla Elon Musk vowed to keep previously agreed schedule to build an European gigafactory, based in the German state of Brandenburg, its Economy Minister Joerg Steinbach said. Tesla also confirmed it would intensify communication in the site near the town of Gueneheide and aimed to involve local citizens more in the project, Steinbach told Reuters after a meeting with Musk in Germany.

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    • Delta variant pumps shares of vaccine makers

      Delta variant pumps shares of vaccine makers

      The spread of new Covid-19 variants worldwide seemed to be good news for the shareholders of pharmaceutical companies involved in the production of vaccines against the coronavirus. Pfizer announced surging demand for its jabs and growing profits on the back of fast spreading Delta variant, Reuters reported.

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    • Thyssenkrupp eyes Q3 profit as steel sales fall behind

      Thyssenkrupp eyes Q3 profit as steel sales fall behind

      The biggest German steel group Thyssenkrupp announced it was still sank in losses in the first six months but sees recovery to operating profit in the third quarter of this year on the back of rising prices worldwide of nearly all raw materials. The conglomerate saw positive sentiment driven by strong demand from the car producers, Reuters reported. Still, the positive impact lags behind and the steel producers would feel it later in the year.

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