Facebook faces a $5 billion fine
Facebook may face a $5 billion fine, The Wall Street Journal reports. The US Federal Trade Commission has accused the company of leaking user data. An investigation has shown that in 2018, the British company Cambridge Analytica received data ...
Fitch downgraded Turkey to “BB-“
Fitch revised the rating of Turkey. It has been lowered from “BB” to “BB-“. The forecast is negative. The factors that influenced the decision were reported in the message. The main reasons for the downgrade were the ...
German inflation rate confirmed at 1.6% in June
In June, the German Statistical Office Destatis recorded inflation at 1.6% in the country. Regarding the May consumer price increase of 1.4%, annual inflation accelerated last month, confirming economists' forecasts. Prices in monthly terms ...
Delta Air Lines reported the results of the second quarter
The American airline Delta Air Lines has published a report on financial results for the second quarter of this year. Relative to the same period last year, its net profit jumped by 39%, reaching $1.44 billion at the end of the earnings period. ...
Chinese ZTE launches its cybersecurity lab in Europe
The Xinhua News Agency announced the opening of a cybersecurity lab in Brussels by the Chinese telecommunications company ZTE. During the opening ceremony, a spokesman for ZTE, Zhong Hong, said that representatives from all countries of the ...
US inflation slowed to 1.6% in June
The US Department of Labor reported that in June, consumer prices in the country increased by 0.1% compared to May when their rise was also noted by 0.1%. The June price increase corresponds to the market forecast. In annual terms, prices rose ...
Inflation in France accelerated in June to 1.2%
In June, the annual consumer price inflation in France, according to the final estimate of the Insee statistics, was 1.2%. Compared with May, when it was at the level of 0.9%, inflation accelerated, coinciding with the market estimate. This ...
Industrial production in the UK exceeded forecasts in May
In May of this year, the Office for National Statistics recorded an increase in industrial production in the UK by 1.4% compared to April, when it fell by 2.9%. Forecast by economists suggested an increase of 1.5%. Compared with the same month ...
US announces significant relaxation of Huawei ban
The Trump administration has announced a significant relaxation of its restrictions on US companies selling to Huawei, saying the ban will only apply to products that are related to national security. According to The Financial Times, in other ...
France introduces eco-tax on flights from 2020
The French government plans to increase the environmental tax on airline tickets, starting in 2020, Deutsche Welle reported. The new environmental fee will vary from 1.5 to 18 euros, depending on the type of ticket. So, the tax for economy ...
EC worsens the euro area and EU GDP growth forecast for 2020
The European Commission announced a downward revision of the GDP growth forecasts of the euro area and the European Union for 2020. Now, the EC expects the euro area economy to grow by 1.4% next year, rather than by 1.5%, as previously predicted. ...
BASF worsened revenue forecast for 2019
The world's largest chemical concern BASF announced that by the end of the current year it expects a decline in revenues and profits instead of the previously projected growth. The deterioration of the forecast is based on the fact that the ...
Geely expects a 40% decline in profit in the first half of the year
The Chinese company Geely, specializing in the production of cars of well-known brands, said that it expects weak financial indicators for the first half of the year, which is explained by the weakening of the Chinese automobile market. According ...