The results of the American auto company beat Wall Street analysts' expectations, with revenues growing from $ 5.99 billion a year earlier to $ 10.39...
Business and Finance
Sort by:
Uralvagonzavod at the end of 2020 received a record profit in the entire history of the enterprise
JSC "Concern" Uralvagonzavod "is an integrated structure that unites industrial enterprises, research institutes and design bureaus....
Tata Steel sues its rival Liberty Steel to pay debts
Sanjeev Gupta's company never paid the Tata Group £ 100 million for its special steel mills....
Onshore section of Nord Stream 2 launched in Germany - Deutsche Welle
The fate of the Nord Stream 2 gas pipeline is still in question, but its onshore extension in Germany has already been built and commissioned in...
Sanjeev Gupta's first three steel plants go bankrupt
The first victims of the financial crisis of the GFG Alliance were three small French factories employing 850 people....
The world's largest chip maker predicts chip shortages by the end of 2022
TSMC notes that its customers are keen to purchase chips in reserve to ensure stability of supply due to uncertainty from geopolitics and the...
China's foreign trade turnover grew by 29.2% in the first quarter of 2021
The PRC Customs Department noted that the main driver of such an incredible growth was the private enterprises of China, which increased foreign...
Fitch Changes Metinvest Rating Outlook From Negative To Stable
At the same time, the credit rating of Metinvest and its bonds remained at BB, which is two levels higher than the country ceiling for Ukraine....
David Cameron declares his innocence in the problems of Liberty Steel and GFG Alliance
The former UK prime minister sees no violation of the law in his lobbying for bankrupt fintech startup Greensill Capital....
Russia will respond to the European Green Deal by creating a "back-up system" of trade rules
The think tank of the Ministry of Economic Development of the Russian Federation in the field of global trade has for the first time approved the...
Russia decided to abolish duties on equipment for aircraft repair
The subcommittee of the Ministry of Economic Development of the Russian Federation on customs and tariff regulation proposed to abolish duties on...
FAW Group and General Motors Report Sharp Growth in China Sales
The number of Hongqi (Red Banner) cars sold amounted to 70,060 units, an increase of 180.2% in annual terms; Buick brand sales in China increased 73%...
US Treasury Secretary Calls For Minimum Tax Rates For Different Countries
J. Biden's proposal for tax reform could put US multinationals at a disadvantage in competing with companies from other economies, where tax rates...
Elon Musk's fortune grew by $ 6 billion in a day
In one day, the state of the second richest person in the world has grown to almost $ 170 billion....
Tesla doubles quarterly sales of electric vehicles far beyond analyst expectations
Tesla reported record sales in the first quarter of 2021, beating Wall Street estimates as strong demand for less expensive models offset the impact...
Egypt to demand at least $ 1 billion in compensation after Suez Canal congestion
The most interesting thing in this situation is who exactly will pay the compensation, since Ever Given is owned by a Japanese company, chartered by...
Citigroup sues for bankruptcy in London court against Sanjeev Gupta's companies - Financial Times
American investors demand to declare some of the companies of the British metallurgical magnate insolvent and start bankruptcy proceedings....
UN Secretary General convenes emergency summit to stave off global debt crisis
The world's poorest countries face default, which, in turn, could lead to a new round of the global crisis....
ArcelorMittal Kryvyi Rih changed its net loss in 2019 to UAH 740 million in net profit in 2020
The largest mining and metallurgical plant in Ukraine plans to allocate almost UAH 10 billion to pay dividends for 2020....
UK denies financial aid to Liberty Steel
Government officials fear that £ 170 million requested by Sanjeev Gupta will go towards paying off debts in other countries and have hinted that the...
Liberty Steel requests £ 170m emergency aid from UK government
Sanjeev Gupta told Whitehall that he needed £ 170 million from British taxpayers to keep from declaring bankrupt....
Metinvest repaid USD 150 mln ahead of schedule in pre-export financing
In 2020, the company managed to improve the efficiency of consumption of raw materials and energy resources, increase the productivity of equipment,...
Lockdown of the Suez Canal will last until at least April 1: it could drive up steel prices
A giant container ship, nearly the size of New York's Empire State Building, stuck in a sandstorm in the Suez Canal in Egypt, causing a congestion of...
You can now buy Tesla with Bitcoin - Elon Musk
After the announcement of Elon Musk, the cryptocurrency rate began to grow and again exceeded 55 thousand dollars....
Abu Dhabi invests around £ 5 billion in the UK economy
The British Prime Minister has instructed the government to remove any obstacles to potential investment in the United Kingdom. The oil-rich Persian...
Saudi Aramco's net profit almost halved in 2020
Saudi Aramco's profits in 2020 were $ 49 billion, nearly half of $ 88.2 billion in 2019 and almost three times less than $ 111.1 billion in 2018....
IMF Raises Global Growth Forecast To 5.5% Amid High Uncertainty
In particular, tighter financial conditions could exacerbate the downturn in countries with high public and private debt, as indicated by the recent...
