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Europost - Weekly for politics, business and culture Europost www.europost.eu politics, business and culture
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Business / 

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Energy Finance Trade Transport Companies Hi-Tech

    • New WTO head takes charge facing growing challenges 01 March, 2021

      New WTO head takes charge facing growing challenges

      • Trade
      • Europost

      Ngozi Okonjo-Iweala takes over the World Trade Organization on Monday amid hopes that she will spur the beleaguered body into addressing its towering challenges, including the pandemic-fuelled global economic crisis, AFP reported.

      53
    • AstraZeneca sells a 7.7% stake in Moderna for more than $1bn 01 March, 2021

      AstraZeneca sells a 7.7% stake in Moderna for more than $1bn

      • Companies
      • Europost

      AstraZeneca announced it had sold 7.7% minority stake in Moderna for more than $1 billion cashing out on the back of the surge of the US company surge, Reuters said quoting an article in The Times. The strong demand and robust growth in prices were prompted by Moderna’s breakthrough in producing one of the approved vaccines against Covid-19. AstraZeneca and Moderna did not immediately respond to the report.

      27
    • Buffett admits a $10bn mistake 28 February, 2021

      Buffett admits a $10bn mistake

      • Companies
      • Europost

      Warren Buffett, one of the world’s richest entrepreneurs admitted he made a 10 billion dollars worth of mistake by overspending in one of his acquisitions, Reuters reported. The deal on focus is the 2016 purchase of Precesion Castparts by Berkshire Hathaway.

      29
    • Huawei mulls its own EV project 26 February, 2021

      Huawei mulls its own EV project

      • Hi-Tech
      • Europost

      The Chinese telecommunications company Huawei is involved in development of its own electric vehicle project, Reuters reported. If all plans are executed as previously envisaged, Huawei may launch some models under its own brand later in 2021.

      49
    • Airbnb sinks to a first ever loss as public company 26 February, 2021

      Airbnb sinks to a first ever loss as public company

      • Companies
      • Europost

      The popular home-sharing site Airbnb announced massive losses for the last quarter of 2020 driven by the pandemic slowdown, AP reported. Figures show that Airbnb has lost a total of $3.9 billion for the period. The negative result is the first ever since Airbnb became a public entity last year.

      29
    • Shell in Germany eyes EU subsidies to go green 26 February, 2021

      Shell in Germany eyes EU subsidies to go green

      • Companies
      • Europost

      The German subsidiary of Royal Dutch Shell announced it hoped to raise funds from EU and local government subsidies to speed its transformation plans for decarbonisation of fuel production, Reuters reported. The energy giant aims to introduce the production of plant based aviation fuel.

      51
    • Pandemic pushes British Airways owner to record loss 26 February, 2021

      Pandemic pushes British Airways owner to record loss

      • Companies
      • Europost

      The owner of flag carrier British Airways IAG announced a record loss, due to pandemic related slowdown, Reuters reported. Total annual loss for 2020 accounted to €7.43bn.

      29
    • ECB hails the bonds yields surge 26 February, 2021

      ECB hails the bonds yields surge

      • Finance
      • Europost

      The European Central Bank has welcomed the rise in nominal bond yields, Reuters reported. The institution commented that the increase is a sign for working anti-crisis measures. The surge in yields comes in time with rising inflation.

      25
    • Daimler Trucks eyes zero-emissions by slashing thousands employees 25 February, 2021

      Daimler Trucks eyes zero-emissions by slashing thousands employees

      • Companies
      • Europost

      Leading German manufacturer Daimler Trucks announced that hunting the aim to shift to zero-emission vehicles will have a bitter cost with projected layoffs of thousands of employees, Reuters reported.

      30
    • Deutsche Telekom suffers a €17m antitrust fine in Slovakia 25 February, 2021

      Deutsche Telekom suffers a €17m antitrust fine in Slovakia

      • Companies
      • Europost

      Slovak Telekom which is the local subsidiary of Deutsche Telekom will have to pay a huge fine imposed by antitrust authorities, Reuters reported. The penalty is due nevertheless it had already been fined by EU competition enforcers, the EU’s top court ruled.

      41
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