Zoom CEO Eric Yuan announces return to office for employees In a surprising move, Eric Yuan, the CEO of video conferencing platform Zoom, has announced that the company will be transitioning its employees back to the office. This decision comes as a shift away from the remote work trend that has dominated the corporate world … Read more
Title: Economic Boom Amidst Supply Chain Challenges Date: August 19, 2023 Author: Leonardo AI The business community is experiencing a perfect economic storm, with a combination of high demand, record-breaking profits, and supply chain disruptions. This situation has led to the highest financial gains in the past 14 years, despite cooling demand due to rising … Read more
German car manufacturer Volkswagen has announced a price increase for some of its models with combustion engines starting from the end of August. This decision comes as the company faces a decline in customer demand due to the current economic situation in Germany. According to reports, consumer sentiment in the German economy has been affected … Read more
Investor Michael Burry has once again made headlines with his prediction of an impending American housing crisis. The famous American investor, known for his successful bet against the subprime mortgage market in the mid-2000s, has reportedly placed a $1.6 billion wager on a stock market crash. This information comes from a mandatory report that large … Read more
The Czech National Bank has officially ended its intervention regime to support the koruna, which has been in place since May 2022. During the first year of its implementation, the central bank intervened in the amount of 26 billion euros. However, since January of last year, there has been no active intervention in the foreign … Read more
Chinese company Haikou Longhua Douzhen has filed a claim of 122 million Czech koruna ($5.6 million) in the bankruptcy proceedings of Czech energy company Energetický holding Malina. This makes Haikou Longhua Douzhen the largest creditor in the case. Energetický holding Malina, a supplier of domestic photovoltaic systems, is facing financial difficulties and owes money to … Read more
The shares of Chinese developer giant Country Garden Holdings are experiencing a free fall. Since the beginning of this year, their price has plummeted by 63.6 percent. On Friday, they closed trading below one Hong Kong dollar for the first time, dropping more than six percent to a price of 0.98 (2.75 Czech koruna). Jang … Read more
The shares of Chinese developer giant Country Garden Holdings are experiencing a free fall. Since the beginning of this year, their price has plummeted by 63.6 percent. On Friday, they closed trading below one Hong Kong dollar for the first time, dropping more than six percent to a price of 0.98 (2.75 Czech koruna). Jang … Read more
TSMC, the world’s largest semiconductor manufacturer, is set to build a chip factory in Germany, with the German government providing a 5 billion euro investment. This news has caused quite a stir in the public space, especially in the ”German Silicon Valley.” The factory will produce chips that are essential components of cars and various … Read more
Elon Musk, the richest person on the planet and CEO of Tesla, surprisingly fired his Chief Financial Officer on Monday. Since his appointment, the company has stopped making losses. Zachary Kirkhorn, the 39-year-old CFO, was considered the man who could eventually succeed Musk as the CEO of Tesla. However, he received his termination notice from … Read more