sales

    • Electric cars sales jumped in Europe, ACEA data show

      Electric cars sales jumped in Europe, ACEA data show

      Electric cars, key to reducing emissions and meeting climate change goals, have boosted their market share in Europe, data showed on Friday, as the region prepares to abandon petrol and diesel, dpa reported. Battery electric vehicles more than doubled their share of new car sales in Europe in the second quarter, according to the European Automobile Manufacturers' Association (ACEA) which groups together major car firms.

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    • Dell, HP eye tough year due to chip shortage

      Dell, HP eye tough year due to chip shortage

      The technology conglomerates Dell and HP earmarked that global semiconductor chip shortage is expected to affect their market performance this year, Reuters reported. The two companies have enjoyed robust growth in sales of personal computers and other smart devices as demand from end-customers remained high even after lockdown restrictions in most industrial countries were lifted.

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    • Airbus ups production targets as jet demand soars

      Airbus ups production targets as jet demand soars

      The faster than expected recovery from the pandemic slowdown spurred high demand for new airplanes, Reuters reported. The European giant Airbus earmarked it would raise its output targets amid the rapid recovery of the transport sector, fueled by lifted travel restrictions in most industrial countries. Airbus confirmed intentions to boost A320neo output by 10% to 45 jets per month by end-2021 and accelerating to 64 per month in the second quarter of 2023.

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    • Boeing eyes fresh restart of 737MAX output

      Boeing eyes fresh restart of 737MAX output

      US plane maker Boeing announced plans to restore production of its 737MAX carriers as market demand for jets with medium range is picking up, Reuters reported. Boeing plans to increase its output capacity to as much as 42 jets per month by the end of the autumn of 2022. The company bets on a rapid growth in flight business that would offset both technological and Covid-19 related health concerns. Boeing plans a first step recovery with 31 jets per month by next March.

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    • UK retail sales spike as most shops reopen

      UK retail sales spike as most shops reopen

      UK clients stormed retail traders as shops started reopening in April, BBC reported. The retail trade sector reported a rapid surge in spending on clothes and non-essential goods, the UK Office for National Statistics (ONS) said. Retail sales jumped 9.2% in April, with sales of clothing soaring by nearly 70% compared with March.

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    • Luxury industry eyes rebound from pandemic by end-2021

      Luxury industry eyes rebound from pandemic by end-2021

      Luxury brands worldwide bet on fast rebound from the Covid-19 slowdown as customer demand picks up due to huge stimulus packages and fast vaccination roll-out fuels optimism over economic recovery, AP reported, quoting a study by Bain & Co. consultancy. The rapid rebounding US economy together with China - already on an established growth trajectory - could push the global market for personal luxury goods back to or even beyond pre-pandemic sales levels as early as this year, Bain partner Claudia D’Arpizio said.

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    • Toyota offsets chip shortage as profit surges

      Toyota offsets chip shortage as profit surges

      The leading Japanese carmaker Toyota announced surging profits in the quarter ending on 31 March, Reuters reported. The company managed to offset the negative impact of global chip shortage with profits rising by 92% compared to the same period of last year. The opperating profit spiked to $6.34 billion in the January-March quarter, beating forecasts.

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    • Merck Q1 profits surge due to strong lab supplies demand

      Merck Q1 profits surge due to strong lab supplies demand

      German pharmaceuticals and chemicals company Merck announced a 43% growth in its core earnings in the first quarter of this year driven by strong demand for lab supplies and gear in pandemic, Reuters reported. Profit after taxes rose to 748 million euros for the quarter, up from 458 million euros in the same quarter in 2020.

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