• Glencore benefits from surging commodity prices

      Glencore benefits from surging commodity prices

      The increasing commodity prices worldwide allowed the mining and trading company Glencore to post record profits. Therefore the company decided to spread some 2.8 billion dollars among shareholders, Reuters reported. "Following Covid-19's severe global impacts in early 2020, the subsequent economic recovery has seen prices of most of our commodities surging to multi-year highs," said Glencore CEO Gary Nagle.

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    • TikTok launches vanishing video

      TikTok launches vanishing video

      The social network TikTok announced it tests for launching Snapchat style vanishing clips. The new feature including the disappearing clip contents which is available on Snapchat, Instagram and Facebook, BBC elaborated.

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    • Australia sues Mercedes over airbag scandal

      Australia sues Mercedes over airbag scandal

      Mercedes will have to face legal charges in Australian court after a lawsuit was officially filed against the company. The carmaker is accused of ignoring risks related to the usage of Takata airbags, Reuters reported. Mercedes was noted to have advised clients to downplay the risks and continue driving their cars despite the dangerous airbags. Australia has initiated the biggest vehicle recall in its history after an incident with Takata airbag ended with fatality.

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    • How to extract drinking water from dry air

      How to extract drinking water from dry air

      A Spanish company has devised a system to extract drinking water from thin air to supply arid regions where people are in desperate need, news wires reported. "The goal is to help people," Enrique Veiga, who invented the machine during a harsh drought in southern Spain in the 1990s, said cited by Reuters. "The goal is to get to places that don't have drinking water."

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    • Commerzbank sinks to loss on high restructuring costs

      Commerzbank sinks to loss on high restructuring costs

      Commerzbank announced that it dipped to a loss in the second quarter of 2021 as it implemented massive restructuring led by outsourcing of key activities. It had to close hundreds of branches across Germany, Reuters elaborated. The two billion euros worth of restructuring prompted some 10,000 lay offs. The total net loss for the second quarter was 527 million euros compared with a profit of 183 million euros a year earlier.

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    • Toyota Q2 profits surge to record $9.15bn

      Toyota Q2 profits surge to record $9.15bn

      The Japanese carmaker Toyota announced robust growth in operating profit for the second quarter of 2021 to a record high level of $9.15 billion. It noted that a major role for the positive result played the spending restructuring and the improved cost management, Reuters reported. Further both Toyota and Honda raised annual profit estimates as pandemic-hit sales rebounded, but the automakers saw no end in sight to the global chip shortage.

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    • Hugo Boss is back to pre-pandemic levels in UK, China

      Hugo Boss is back to pre-pandemic levels in UK, China

      The German fashion house Hugo Boss announced strong rebound in profits as sales in its key markets China and UK recovered to pre-pandemic levels. Boss further noted it expected sales to continue growing in the second half of 2021, Reuters elaborated. "We are well prepared to further drive our business recovery also in the second half of the year," said new Chief Executive Daniel Grieder.

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    • DHL buys 12 electric cargo planes

      DHL buys 12 electric cargo planes

      The leading global delivery company DHL announced a major move targeted at facilitating the curbing of carbon emissions. It confirmed a deal with the Eviation startup which envisaged the purchase of 12 cargo planes powered by electricity, CNBC reported. Eviation is a start-up focused on developing electric fixed-wing airplanes both for cargo and passengers.

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