Money Matters
BP returned to positive territory in Q3
The British oil and gas company BP has reported a positive result in the third quarter, after a huge loss a quarter earlier. The company had to write…
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Steel production rises 2.9 percent in September y/y
Worldwide steel production was 2.9 percent higher in September than in the same month last year. Figures from the International Trade Organisation World Steel Association show this. Total…
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Euro area PMI confidence index is full of cautious optimism
Activity in euro area industry is increasing faster this month than the month before. Markit announced this on the basis of preliminary figures. In the services sector, activity…
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Alibaba group takes majority of Sun Art Retail shares
The Chinese technology group Alibaba invests billions of dollars in the Chinese supermarket Sun Art Retail. In doing so, Alibaba doubles its interest in the running of hypermarkets.…
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Full recovery in energy consumption may be as far as 2025
With a slow economic development, there is a risk that the full recovery of global energy demand will not return to its level until 2025. To this end,…
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EasyJet losses are heavier than expected
The British airline easyJet warns that the last financial year will end with a loss of as much as £845 million. This would be the first time in…
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Tesco profits fall, expenses rise
In the first half of the year, the British supermarket Tesco saw a sharp fall in profits. Because of the crisis and the measures the company had to…
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