Chip producer Melexis achieved a turnover of 643.8 million euros in 2021, good for an increase of 27 percent. Melexis benefited from the ever-increasing demand for chips in the automotive sector. Net profit rose 89 percent to EUR 131.1 million, the BEL20 company announced. “With a turnover of 166.2 […]
Business
India wants to tax profits on digital assets at 30 percent. At the same time, the country wants to launch its own digital currency from April, at the start of the new fiscal year. On Tuesday, India’s central bank should do that, Finance Minister Nirmala Sitharaman said. Cryptocurrencies are […]
Britain’s main natural gas supplier assumes that high natural gas prices are not a temporary phenomenon but could last up to two years. “The market suggests that high gas prices will continue for the next 18 to 24 months,” Chris O’Shea, chief executive of Centrica, owner of gas supplier […]
Turkish President Recep Tayyip Erdogan appointed a new finance minister on Wednesday evening after the turbulent weeks that the Turkish economy has had. As a result, the lira has plummeted, and inflation has risen sharply. In a presidential decree issued at midnight local time on Wednesday, the head of […]
China added 307 billionaires last year. In other words, almost every day, there is a new dollar billionaire in the country. This is evident from the new rich list of the Chinese magazine Hurun on Wednesday. The world’s second-largest economy now has a total of $1,185 billionaires. That number […]
Among other things, the Federal Reserve will ban senior officials from trading directly in stocks and bonds. They may still invest in, for example, investment funds. The stricter rules resulted from a scandal that led to the resignation of two executives of the US umbrella organization of central banks. […]
Navigation specialist TomTom continues to suffer from chip shortages, resulting in fewer cars being produced. As a result, there is also not as much demand for the company’s navigation equipment. According to CEO Harold Goddijn, the recovery of the Automotive division, which supplies navigation systems to car brands, also […]
The pick-up in tourism means good news for the Turkish treasury. For the first time in nine months, a current account surplus was recorded in August, the Turkish central bank reported. The balance in the important summer month was converted to 445 million pounds positive, whereas it was 3.2 […]
The turnover of Chinese real estate developers collapsed in September due to the crisis at Evergrande. That faltering Chinese real estate group missed debt payments and could no longer pay suppliers. Evergrande is heavily indebted. There are fears of a knock-on effect from bankruptcies if the company goes bankrupt. […]
The German industry is suffering from supply problems such as the shortage of chips for the car industry. Industrial production in Europe’s largest economy fell 4 percent in August from a month earlier, far more than experts had anticipated. On average, they assumed a 0.5 percent lower production. The […]
