Tuesday, June 6, 2023

Business

Find More Success for Your Business

In operating a business, it goes without saying you have a lot of responsibilities resting on you. That said are you doing all you can to make your business more successful? A successful business with proper legal advice can set you...

Apple wins EU court case over $15 billion in claimed taxes

A European Union court on Wednesday delivered a hammer blow to the bloc’s attempts to rein in sweetheart tax deals between multinationals and individual member countries when it ruled that technology giant Apple does not have to pay 13...

Coronavirus slams Poland’s already-troubled coal industry

The coronavirus has ripped through Poland’s coal mines, where men descend deep underground in tightly packed elevators and work shoulder-to-shoulder to extract the source of 75% of the nation’s electrical power. Of Poland’s more than 36,000 reported COVID-19 cases, about...

Scandinavian Airlines gets $1.5 billion to survive crisis

Scandinavian Airlines said Tuesday it is getting an aid package worth 14.25 billion kronor ($1.5 billion) after an agreement with its main shareholders, securing the carrier’s survival amid the COVID-19 crisis. The governments of Sweden and Denmark, which own shares...

Shell writes down oil and gas assets by $22 billion

Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the COVID-19 pandemic. The company predicted the write-down for the quarter and said...

Dutch government announces 3.4 billion euro support package to KLM

The Dutch government announced Friday that it will throw national carrier KLM a 3.4 billion-euro ($3.81 billion) lifeline to help the airline survive the aviation slump caused by the coronavirus pandemic. Finance Minister Wopke Hoekstra said the support package is...

Lufthansa shareholders to vote on German rescue package

Germany’s Lufthansa is seeking shareholders’ support at an extraordinary general meeting Thursday for a 9 billion-euro rescue package that would see a government stabilization fund take a 20% stake. The company, which also owns other airlines including Austrian Airlines and...

World shares slip as global virus tally approaches 9 million

World shares sagged Monday as reports of new coronavirus infections in the U.S. and worldwide surged, with the global total approaching 9 million. European markets opened lower after a mixed session in Asia. Britain’s FTSE 100 lost 0.3% to 6,275.24. The...

UK economy shrinks 20% in a month to fall back to 2002 level

The British economy has seen nearly two decades worth of growth wiped out as a result of the lockdown measures put in place during the coronavirus pandemic. The Office for National Statistics said Friday that the economy shrank by a...

Vietnam approves EU-Vietnam Free Trade Agreement

Vietnam ratified a landmark trade deal Monday with the European Union that is expected to energize the country’s manufacturing sector and exports, as it recovers from the impact of the coronavirus pandemic. Lawmakers approved the agreement in their first National...

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BRICS Meeting Questions Over Putin’s Arrest

The BRICS (Brazil, Russia, India, China, South Africa) foreign ministers gathered in South Africa on Thursday, but the focus...