Companies


    • US cinemas will accept Bitcoins

      US cinemas will accept Bitcoins

      The leading US cinema chain AMC wich is the owner of the popular Odeon theatres announced it would introduce payments in cryptocurrency in a bid to compensate the downturn caused by pandemic. All customers will be allowed to pay in Bitcoins by the end of the year, BBC said. AMC chief Adam Aron confirmed the exploring the technology and "how else AMC can participate in this new burgeoning cryptocurrency universe".

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    • Etihad Airways loses some $400m for six months

      Etihad Airways loses some $400m for six months

      Abu Dhabi’s national carrier Etihad Airways announced mounting losses of some 400 million dollars for the first six months of 2021. The airline also reported a 68% fall in passengers for the same period, AP elaborated. The outflow is mainly due to the acceleration of new Covid-19 variants worldwide. The losses are still only 50% of the negative result posted for the same period of last year, the carrier said. In the first six months of 2020 it reported losses of some 800 million dollars.

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    • Bayer loses appeal against $86m US verdict

      Bayer loses appeal against $86m US verdict

      German chemical giant Bayer lost a key appeal against a ruling of US court. The court sentenced Bayer to pay 86 million dollars of damages as part of a case involving a connection of usage of Roundup pesticide and certain cases of cancer, Reuters reported. The German company now only hopes that the US Supreme Court may rule in its favour. Roundup-related lawsuits have pursued the company since it acquired the brand as part of its $63 billion purchase of Monsanto in 2018.

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    • Vodafone resumes roaming charging for travelers to EU

      Vodafone resumes roaming charging for travelers to EU

      The UK mobile operator Vodafone announced it would re-enforce roaming charges for its customers who travel to countries from the EU. The clients of the company will have to pay at least £1 per day for the usage of their phones in EU countries, BBC reported. Vodafone copies plans from rival EE, announced in June.

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    • India renews antitrust probe on Amazon, Flipkart

      India renews antitrust probe on Amazon, Flipkart

      India Supreme Court announced it had ruled that antitrust investigations into business practices of Amazon and Walmart's Flipkart must be renewed. The two e-commerce companies appealed to the court to stop the probes, Reuters reported. The Indian Competition Commission (CCI) ordered the investigation against the two companies last year for allegedly promoting select sellers on their platforms and using business practices that suppress the competition.

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    • Saudi Aramco profits jump 300% to $25.5bn in Q2

      Saudi Aramco profits jump 300% to $25.5bn in Q2

      The major Saudi oil producer Saudi Aramco announced robust growth in net revenues by almost 300% in the second quarter of this year to 25.5 billion dollars. The jump in sales and profits was due to recovered demand coupled by higher prices of oil on international markets, BBC elaborated. Crude oil prices posted a rise of more than 30% since the start of 2021. Aramco's chief executive also gave a further positive forecast for the rest of 2021.

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    • Virgin Galactic lures space tourists with $450,00 ticket price

      Virgin Galactic lures space tourists with $450,00 ticket price

      Only a few days after Virgin Galactic owner Richard Branson made his first space trip, the company announced that it had resumed selling tickets with a starting rice of 450,000 dollars per seat. The space tourism company confirmed it was making progress toward launching revenue flights next year. It plans to sell single seats, package deals and entire flights, AP elaborated.

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    • Huawei revenue slips to $49.6bn due to US sanctions

      Huawei revenue slips to $49.6bn due to US sanctions

      The Chinese telecommunications giant Huawei suffered bitter losses in the first six months of 2021 as the imposed US sanctions weighed on its business. The company reported a a 29% drop in revenue to $49,56bn, Reuters reported. The sharpest fall came from its consumer business group, which includes handsets, where revenue slumped by 47%.

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