AuthorMaurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

Aselle Tasmagambetova told the Moscow International Economic forum about endangered Caspian Seal program

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The annual International Economic Forum “Caspian Dialogue 2019” was held in Moscow. Participating countries have presented their innovations and programs aimed to environmental protection of the largest lake on the planet. Aselle Tasmagambetova, the president of Saby foundation has taken part as speaker for Republic of Kazakhstan. She presented a report dedicated to shrinking numbers...

Eurozone report shows lowest unemployment since 2008

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Unemployment in the euro zone fell slightly in October to 7.5 percent from a revised 7.6 percent a month earlier. The European statistics agency Eurostat reported the figure. That is the lowest level since July 2008. According to Eurostat, more than 12.3 million people were unemployed in the euro area. The unemployment rate for the entire European Union was 6.3 percent. That amounts to 15.6...

Rosneft got out of the Druzhba crisis

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The Russian oil company Rosneft has seen a substantial increase in profit in the third quarter. With this, the company recovered from the problems it encountered due to the so-called Druzhba crisis. Rosneft had problems with an oil pipeline to Europe earlier this year. Because oil was contaminated from Russia, parts of the Druzhba pipeline were temporarily closed. Rosneft was therefore forced to...

BMW sold 613,000 cars YTD

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BMW has boosted its profit last quarter. The German automaker owes this, among other things, to increased sales of models with high margins. BMW also reaped the benefits of previously implemented cost savings. The operating profit increased by almost a third to 2.3 billion euros and the net result increased by more than a tenth to 1.5 billion euros. Another factor is that the results in the...

Telefónica posted revenue growth

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Telefónica, Spain, grew revenue in the third quarter, despite fierce competition from rivals with lower telephone service costs. The group managed to attract more customers in its home market for premium products and fiber optics. Turnover increased by 3.4 percent in the measurement period to 11.9 billion euros. That is slightly lower than the experts in general had foreseen. Growth in key...

European exchanges wait for the House of Commons

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The other European stock exchanges seem to be starting Friday with losses. Investors are waiting for the British House of Commons to examine the Brexit agreement of Prime Minister Boris Johnson and the European Union on Saturday. In addition, the mood is being depressed by a disappointing growth in the Chinese economy. Johnson is very confident that British parliamentarians will support the...

ConocoPhillips has sold its share in Australian factory

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Oil and gas company ConocoPhillips has sold its share in a gas factory in Darwin, Australia. Collaboration partner Santos takes over that interest and the interests of the Americans in some North Australian gas fields for 1.4 billion dollars. ConocoPhillips has for a long time been focusing more on its American production of shale oil and gas. The company does retain an interest in another...

Intertoys to go more traditional way

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Intertoys abandons many innovative plans that the previous owner Green Swan had in store for the toy stores. Now that the chain is back at the Blokker group, it is all about one thing and that is selling “fun and cool” toys. “We are not an amusement park”, says the new director Eddy Assies in conversation with the ANP. Intertoys has had a difficult period. After a...

TSMC sees monthly sales continue to rise

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Chip manufacturer Taiwan Semiconductor Manufacturing Company (TSMC) saw its turnover rise by 7.6 percent in the last month. The total revenue in the third quarter thus came out according to calculations by the Bloomberg news agency at 293 billion Taiwanese dollars, higher than what analysts expected on average. TSMC is one of the world’s largest producers of smartphone chips for companies...

California rule that Uber drivers are an employee

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California wants companies behind taxi apps like Uber and Lyft to treat their drivers as employees from now on. The US state senate has passed a law that determines that. The issue of whether companies behind apps that offer odd jobs should treat contractors as staff has been a hot topic worldwide for years. The new law passed in California stipulates that people can only be treated as an...

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