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Volvo’s Chinese Sister Company Also Suffers from Chip Shortage
Like many other car manufacturers, the Chinese carmaker Geely Automobile, the sister company of the Swedish Volvo Cars, is suffering from shortages of computer chips.
According to Geely, these shortages inhibit production, while…
Japan’s Economy Rebounds After Previous Contraction
Japan's economy, the world's third-largest, grew in the second quarter after contracting in the year's first quarter. This is mainly because people were again more willing to make large purchases. In addition, Japanese companies also…
More Profit Apple Partner Foxconn Due to High Demand for Gadgets
Taiwanese Foxconn Technology, a major supplier to Apple, posted a higher-than-expected profit in the past quarter. Due to the corona crisis, there is a high demand for smartphones, game consoles, servers, and other gadgets, which…
Vodafone to Start Charging Roaming Charges for British Travellers Again
Until recently, Britons visiting an EU country were able to make mobile calls and use data there without additional costs. But because of Brexit, several operators are coming back to that.
After EE, Vodafone is now also going to…
Lufthansa Reduces Quarterly Loss, Cash Flow Positive
Lufthansa managed to reduce its losses in the second quarter. In addition, the German aviation group recorded a positive cash flow for the first time since the start of the crisis, which means that more money came in than went out. This was…
DHL Express Orders 12 Electric Planes for First Electric Express Network
DHL Express has ordered 12 all-electric cargo planes from Seattle-based manufacturer Eviation. The devices will be part of the world's first electric express network, DHL Express reports.
Alice can be piloted by one pilot and can…
Chinese State Medium Opens Attack on the Gaming Sector
A Chinese state media has called in an article to regulate online gaming. According to Economic Information Daily, many teens are addicted, and mobile games are "spiritual opium".
Tech companies fell sharply on the stock market…
Taxi Company Bolt Worth Billions After New Investment
Uber competitor Bolt has raised an investment of 600 million euros to set up a grocery delivery service. The Estonian company behind the taxi app has a price tag of 4 billion euros.
Bolt is active in 45 countries in Europe and…
Nestlé Sells More Coffee, Pet Food and Maggi Products
Food group Nestlé also noticed a strong demand for its coffee products in the second quarter. Purina and Felix's pet food also proved popular, as did the seasonings for Maggi's kitchen. Strong sales have prompted the Swiss company to…
BMW Suspends Production in Regensburg Due to Chip Shortage
The German automaker BMW will stop production for a week from today at its factory in Regensburg, Bavaria. A spokesperson announced this on Sunday. The reason is the persistent shortage of computer chips.
Since a public holiday was…