Hennes & Mauritz has seen significant gains in the past quarter. This was shown on Thursday by the results of the Swedish fashion company. According to CEO Helena Helmersson, the new collection was well received, the chain had fewer clothes on sale and costs remained well under control. After-tax profit in the third quarter, which ended on 31 August, amounted to SEK 4.7 billion compared to a...
The price for a barrel of crude oil closed higher on Friday and rose more than 10 percent on a weekly basis, while Tropical storm Ida moved towards the US Gulf Coast. Tropical storm Ida led to a hurricane watch in New Orleans and a declaration of emergency for the state of Louisiana. The storm is now crossing the Caribbean and is expected to reach Cuba today. The risk of the storm increasing in...
The Advertising Code Committee (RCC), the body that assesses whether an advertisement complies with the Dutch Advertising Code, finds an advertisement by oil and gas company Shell misleading, she writes on Friday. This means that Shell has to stop the commercials. The complaint against Shell was lodged by a group of law students from the VU University Amsterdam (VU). Shell promises in the...
Apple would be working on a new Mac mini. According to 9to5Mac, the small computer with a more powerful M1 chip should appear sometime in the coming months. Among other things, the computer would have a new design. The new Mac mini would also have more connection ports than the current model, says 9to5Mac from the newsletter of a journalist from Bloomberg News Agency. The Mac mini was one of the...
Shares of Chinese companies active in digital education are in danger of collapsing when the American Stock Exchange opens this afternoon. The Chinese government is considering obliging the educational technology sector to adopt a non-profit model, according to several Chinese media. According to the media, Beijing would consider introducing new legislation for this. This would result in these...
On Tuesday, the US Senate approved a $250 billion government investment for technological research and development. 68 members of the Senate approved the proposal, while 32 voted against. The plans still have to be approved by the House of Representatives. Public investment in scientific research has been declining for years, as has the position of the US semiconductor industry. Of this amount...
Bitcoin company Bitonic wants to know from the judge whether regulator De Nederlandsche Bank (DNB) with its crypto rules is too strict for providers of digital coins. Bitonic believes that DNB’s requirements are contrary to the privacy rules. The case later on Tuesday goes to the Administrative Court in Rotterdam. According to the rules of the regulator, crypto providers of every buyer of...
Activity in Dutch industry grew at the strongest rate in December since September 2018. In particular, the number of new orders increased significantly, but the Dutch Association of purchasing managers (Nevi). Employment also increased, albeit modest. The growth of orders led to the second largest increase in production in two years. Companies were clearly buying more supplies. But the...
The average price of a property in the United States rose by 1.6 percent in October compared to a month earlier. This is reflected in the S & P Corelogical Case Shiller index, which reflects price developments in 20 major American cities. Economists in general counted on a plus of 1 percent. Compared to a year earlier, homes became almost 8% more expensive in October. The US stock exchanges...
Air France will come up with detailed plans for scrapping more than a thousand jobs at low coster Hop! this week, the French newspaper Le Figaro reports. Part of the staff may get new job at the parent company Air France. Air France had already announced almost half the jobs at Hop! in July to be erradicated. They are talking about 1020 out of 2420 jobs. According to Le Figaro, 317 pilots have to...