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]

Kenes Rakishev invested in General Robotics, now it is featured on TV

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It is no longer a science fiction: China, the United States and Israel have already developed such technologies. “Should France follow in their footsteps?”, French television asks their viewers? The accompanying video shows one of the best and brightest developments in the robotics field. Among them the products Israeli startup General Robotics is shown. General Robotics is one of the...

Heineken confident in the long term customer loyality

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Heineken is clearly suffering from the corona crisis, which is hitting beer sales hard. The company recorded a loss of 300 million euros in the first half of this year. In addition, the brewer made a write-off of 550 million euros, according to a provisional trade update. The brewer saw its turnover fall by 16.4 percent in the first half of this year. The company not only sold less beer, but also...

Analog Devices is about to acquire Maxim Integrated Products

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Analog Devices is a chipmaker rarely heard by ordinary customer. But the components AD makes are vital for the whole electronic. The company is in talks to acquire the fellow. The American chip company Analog Devices is close to an acquisition of industry colleague Maxim Integrated Products. Insiders reported this to the British business newspaper Financial Times. The takeover, which may already...

Pizza Hut and Wendy’s are the latest victims of COVID-19

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Fast food company NPC International, which operates hundreds of Pizza Hut and Wendy’s restaurants, is about to apply for Chapter 11. The large franchisee would have missed an interest payment on outstanding debt and would then have talks with creditors about a bankruptcy filing, according to business newspaper The Wall Street Journal. NPC owns over 1,200 Pizza Hut restaurants and 385...

Stock index went down as more negative news are at the table

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Stock exchanges in New York were sharply lower on Friday mid-trading day. Fears that rising corona infections in some US states will hinder the economic recovery have been revived. In the states of Texas and Florida, some easings, such as opening cafes, are being reversed. Furthermore, Facebook and Twitter are in the spotlight now that Unilever is no longer advertising on social networks in the...

AkzoNobel severely affected by COVID crisis

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The worst problems caused by the corona virus have been over for paint manufacturer AkzoNobel. The impact of the virus outbreak will be greater in the second quarter than in the first three months of the year, when only Asia was affected. In April, AkzoNobel’s turnover was 30 percent lower than a year earlier, in May it was 20 percent lower and in June the paint maker sees a recovery. The...

Moody’s downgraded retail property provider

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Credit rating agency Moody’s has become more negative about retail property company Wereldhave and gives the fund a junk status. The credit rating for the company has been downgraded from Baa3 to Ba2 in two steps and the expectation has been set to negative. Moody’s cites the corona crisis as the reason for the adjustment. Shopkeepers are hard hit by measures to control the spread of...

German consumer confidence is still fluctuating near the lowest point

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Consumer confidence in Germany is picking up somewhat from a previous historical decline due to the corona crisis, although German consumers still remain very pessimistic about the economy. Market researcher GfK announced it. The index, which reflects consumer confidence in Europe’s largest economy, stands at minus 18.9 from an all-time low of minus 23.1. In a previous measurement that was...

Virus fears broke the French PMI

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The confidence of French entrepreneurs has been hit hard by the corona crisis. The index measuring confidence shows the strongest decline ever before March, the French statistics agency reported. The indicator dropped to a reading of 95 out of 105 in February. This is the sharpest decrease since the measurements started in 1980. French entrepreneurs are particularly pessimistic about future...

Fraport airport operator records 75 percent air traffic plunge

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Lufthansa

The number of passengers at Frankfurt airport has fallen sharply due to the crisis surrounding the corona virus. According to airport operator Fraport, the number of processed travelers at the airport plummeted by nearly 75 percent to 331,353 between March 16 and 22. The number of flight movements at Germany’s largest airport shrank by more than 58 percent to 3,960. In freight transport...

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