The CEO of the United Nations has again appointed billionaire Michael Bloomberg as climate envoy. He must commit to more ambitious climate policy in the run-up to an international climate summit in November. The former mayor of New York already has experience as a climate envoy. He also held […]
Business
British online clothing retailer Asos is in talks to buy British clothing brand Topshop and several other brands. The fashion company confirms the reports that it is the frontrunner in the purchase of, among others, Topshop from the ailing fashion group and parent company Arcadia. Asos would have to […]
The rise of bitcoin came to an abrupt end on Monday. The digital currency lost 14 percent of its value in a short time. By the end of the morning, the coin was trading for just over $ 29,000. The reason for the rapid price fall is not immediately […]
The stock exchange in Japan ended with a small profit on Thursday. The promise of the Federal Reserve (Fed) to continue to support the US economy reassured investors. The Fed also kept interest rates and the ongoing bond-buying program untouched. The hopes for a Brexit deal in Europe and […]
Airline KLM is temporarily not allowed to transport passengers to Hong Kong. The company confirmed reports about this in the Hong Kong newspaper South China Morning Post. According to that newspaper, KLM is being punished under stringent corona rules in the city-state, and the suspension will last until December […]
The stock market in Japan ended almost flat on Thursday. Investors took it easy after the rally in recent weeks. A disappointing job report from the American pay slip processor ADP caused some reticence. The positive developments around the corona vaccines and the hope for more stimulus measures actually […]
Japanese automaker Nissan is considering selling its 34 percent stake in its peer Mitsubishi. Sources reported this to Bloomberg news agency. With this, the alliance to which Renault also belongs is showing its first cracks, two years after the arrest of CEO Carlos Ghosn, who then managed to escape […]
The UK financial regulator Financial Conduct Authority prohibits the sale of crypto derivatives to ordinary consumers. According to the FCA, these complex financial products are unsuitable for private investors because there are significant risks of financial damage. Using derivatives, investors can speculate on the price movements of crypto coins […]
Elon Musk thinks Tesla can make 20 million cars annually by 2030. The CEO of the American maker of electric cars made his statements on Twitter. The goal is ambitious, as 365,000 Teslas rolled off the line last year. Musk also recognizes the latter. He indicates that a “consistently […]
Americans have been busy doing odd jobs in the past quarter during the corona crisis. As a result, the American DIY chain Home Depot achieved record sales. Sales were even higher than expected and increased by almost a quarter year on year. In many countries with lockdowns due to […]
