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Companies & CEOs

Walmart's net profit falls in Q1

Daniel Case
Walmart's consolidated net profit fell 24.8 percent year over year to $2.054 billion in the first quarter of fiscal year 2022-2023 (ending 30 April), according to a press statement. Walmart reported $0.75 diluted earnings per share, down from $0.97...

Renault may start producing electric cars with Nissan and Mitsubishi

Mario Roberto Duran Ortiz
The potential of forming a distinct electric car firm within the framework of an alliance with Japanese carmakers Nissan Motor and Mitsubishi Motors has not been ruled out by Jean-Dominique Senard, head of French car manufacturer Renault. "I am...

Saudi Aramco posts record first-quarter profit

Charles via flickr
Saudi Aramco, the world's largest oil producer, stated that its net profit grew by 82 percent year on year to a record $39.5 billion in the first quarter of 2021. According to the firm, "Aramco earned a record quarterly net profit of $39.5 billion,...

Siemens net profit falls by 23% in first half of financial year

Theen Moy
Siemens AG reported a 23 percent drop in net profit for the first half of fiscal year 2021-2022, which ended on March 31, to €3.01 billion, according to the company’s statement. The diluted earnings per share for the reporting period were €3.29,...
Markets & Industries

Electric cars become major source of cobalt demand for the first time

Tony Webster via flickr
Electric cars have become a major source of cobalt demand for the first time, overtaking smartphones. Experts warn of risks of cobalt shortages after 2024. Electric cars have overtaken smartphones and computers for the first time to become the top...

EIA: Oil production in major US oil and gas areas to rise in June

Maarten Heerlien
According to the Energy Information Administration (EIA) of the US Energy Department, oil output in the primary US oil and gas producing areas, which includes shale oil, would increase by 142,000 barrels per day, or 1.6 percent, to 8.761 million...

Bloomberg: Stronger dollar makes the global economy fall deeper

piqsels
According to Bloomberg, the US Federal Reserve's interest rate hike and the strong dollar are hurting global economic development. Emerging economies have been particularly vulnerable, partly due to capital flight. The dramatic rise in the value...

Retail sales in China decline in January-April

David Boté Estrada via flickr
Consumer goods retail sales in China declined 0.2 percent year on year to 13.81 trillion yuan ($2.03 trillion) in January-April, according to figures released by the country's national statistics bureau on Monday. Online retail sales grew 3.3...
In-depth coverage

The challenges Covid-19 is posing to learning, teaching, and working in society

At enlightED Virtual Edition 2020, leaders of higher education institutions discussed taking “a crash course into the future”
>>> Zoom on Earth

For Etienne Couëlle, “the public health and economic crises have demonstrated just how resilient Oberthur Fiduciaire is”

Having been recently appointed as General Manager of Oberthur Fiduciaire, Etienne Couëlle must deal with a global health crisis that is expected to continue impacting economies around the world. Our discussion with this key player in the global security printing provides insight into a business that is as discreet as it is innovative. What has been the impact of the public health an...
World & Politics

EC to present a plan to strengthen EU energy security

piqsels
On Wednesday, the European Commission will present its suggestions to boost EU energy security in the face of sanctions against Russia, the EU's biggest energy supplier. According to a draft document obtained by European media, the European...

EC head announces digital partnership with Japan

Defense Visual Information Distribution Service
Ursula von der Leyen, the European Commission's chief, announced launch of a digital partnership, the first of its type for the European Union, at a news conference following the Japan-EU summit. "We addressed how to broaden our cooperation at this...

US Congress approves debt relief bill for Ukraine

torange
The US House of Representatives on Wednesday evening approved a bill aimed at easing Ukraine's debt burden in light of the ongoing conflict with Russia, the respective vote showed. The legislation, if passed, would oblige US representatives at...

Japan's domestic debt hits all-time high

maxpixel
Japan's domestic debt has exceeded 1,000 trillion yen for the first time. Japan's domestic debt, the so-called "long-term debt" that will need to be repaid from taxes collected, has exceeded 1,000 trillion yen (about $7.69 trillion at today's...
Management & Strategy

Richest crypto-billionaires lose nearly $50B on Bitcoin dip

QuoteInspector.com
According to estimations by Forbes, aggregate fortunes of the 11 richest billionaires who made their capitals from cryptocurrencies decreased by $49.06 billion in the two months following the crypto market crash. Bitcoin has lost 35% of its value...

New normal: Navigating your company through changes

Felix Burton
Change is scary. How do you make plans? How do you manage a company? How do you act quickly and efficiently? Expecting things to settle down in a year or two means ignoring the obvious: change is the new normal. We need to adapt not from time to...

Berkshire Hathaway shareholder backs Buffett's resignation as chairman

nakashi
CalPERS, the largest US public pension fund, will vote to replace Warren Buffett as chairman of Berkshire Hathaway, Reuters writes citing the fund's documents. The agency specifies that in doing so, the organisation intends to vote to keep Buffett...

Elon Musk to join Twitter's board of directors

James Duncan Davidson
According to documents at the US Securities and Exchange Commission's website, Elon Musk, the American entrepreneur and founder of SpaceX and Tesla, will join the Board of Directors of Twitter for two years, after announcing his ownership of the...