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Companies & CEOs

Toyota Motor doubles quarterly profit

StaraBlazkova
Toyota Motor's net profit rose to $7.15 billion for the fourth quarter of its fiscal year ended March 31. This figure is more than double that of the same period last year. Revenue for the period rose 11% to $70.7 billion. The results for the full...

Mitsubishi Motors net loss increases 12-fold

Falcon® Photography via flickr
Japanese carmaker Mitsubishi Motors' net loss for fiscal year 2020-2021 ended March 31 rose 12 times year-on-year to 312.3 billion yen ($2.9 billion), the company said in its financial statements. The financial year ended with a net loss per share...

Nissan expects annual loss due to chip shortage in car production

Ryan Housknecht
Japanese carmaker Nissan Motor has reported its results for the fourth quarter and full fiscal year 2020 (ended at the company on 31 March) and also gave a forecast for fiscal 2021. For 2020, the company posted a loss of ¥449 billion ($4.2 billion),...

Malaysia's 1MDB sues JPMorgan and Deutsche Bank

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Malaysian state-owned investment fund 1Malaysia Development Berhad (1MDB) has sued German Deutsche Bank, US-based JPMorgan and UK-based Coutts in a court in Kuala Lumpur. This was reported by Reuters, citing court documents. The investment fund...
Markets & Industries

US companies allocate record funds to buybacks

dflorian1980
According to the Financial Times (FT), citing Goldman Sachs calculations, in the first four months of the year US companies announced a total of $484bn to buy back their shares from the market. This is a record for this period in the last 20 years....

IEA: Oil approaching a deficit

Jonathan Cutrer
Oil demand in 2021 will increase to 96.4 million barrels per day (bpd), which is 5.4 million bpd more than in 2020, the previous growth estimate was reduced by 270 thousand bpd, according to the International Energy Agency report. The adjustments...

UN expects fourfold rise in demand for minerals for clean energy technologies by 2040

trolleyfan
The International Energy Agency (IEA), responsible for the energy security of developed energy-importing countries, has unveiled its first study on the transition to renewable energy. The notable environmental, social and geopolitical risks...

FAO: Global food prices hit six-years high, keep going up

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Global food prices continue to rise, reaching a six-year high in April, according to the UN Food and Agriculture Organisation (FAO). Global food prices hit a six-year high in April as the FAO reported the average food price index was 120.9 points,...
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

When innovation brings more problems than it solves

Innovations allow for fantastic advances in environmental protection, but there are limits that are sometimes ignored. That is why we cannot always be sure when companies claim to be saving the planet, and sometimes there are hidden problems that outweigh the benefits. Almost every single venture aiming to improve ecological impact is confined by the constraints of capitalism. Informatio...
World & Politics

UN improves global GDP growth estimate for 2021 to 5.4%

OiMax
World economic growth in 2021 is expected to be 5.4%, according to the UN Global Economic Monitoring Division's mid-year report. The global GDP growth forecast was improved to 4.7% in January. The decline of the global economy in 2020 was 3.6%....

US authorities declare regional emergency due to Colonial Pipelines hack

Carol M. Highsmith
The US authorities have declared a regional emergency following the suspension of operations by Colonial Pipeline, the largest operator of the United States fuel pipeline. Earlier, Colonial Pipeline said it had suffered a cyberattack. In response,...

Pfizer chief: low-income countries refuse to buy vaccines

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Low- and middle-income countries have opted not to order the vaccine developed by Pfizer and BioNTech, Bloomberg reported, citing a letter from Pfizer chief executive Albert Bourla. Earlier, the World Health Organisation said that equal access to...

Chinese banks become the world's second-largest sponsor of deforestation

Cunningchrisw
Despite statements by China's leaders and personally by President Xi Jinping about the country's ambition to become a global leader in combating climate change, China is still one of the leaders in sponsoring deforestation. According to a coalition...
Management & Strategy

Pain points and weaknesses: How to resist manipulators at work

pxhere
Everyone has weaknesses and pain points, and pushing them tends to throw us off balance. "Hot buttons" are anything that triggers an involuntary emotional reaction in you, making you mad (negative "hot buttons") or inspiring (positive "hot...

Bloomberg: investment banks are rushing to find employees

Barrett Kuethen
Hundreds of vacancies for entry-level professionals have been opened by leading investment banks amid rising investment activity and associated emotional burnout among employees, Bloomberg news agency reported. Recruiting agency Odyssey Search...

Two exercises for handling inadequate people

Jason Bickley via flickr
Communicating with an irrational person is a skill comparable in difficulty to competing in the Olympics, and you'll have a better chance of success if you start training early and build up some decent mental muscle. Technique #1. Change the...

What differentiation is and why we need it in business and everyday life

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Imagine if you dialed 911 and the operator also panicked and did not send anyone to you. If everyone agreed with everyone else, we would still be afraid of falling off the edge of the earth. Being able to think has literally changed the world. In...