AuthorOliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is [email protected]

Brexit talks may go beyond the deadline

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The negotiations between the United Kingdom and the European Union on a trade agreement can go beyond this weekend, ” said the French secretary of state for European Affairs. “It is necessary to take the time and not sacrifice our interests under the pressure of a calendar.” The European Parliament had called for an agreement to be reached by Sunday, so that Parliament still has...

KPN has fastest 5G network in the Netherlands

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KPN’s mobile 5G network has the highest download speeds of all 5G networks in the Netherlands, reports KPN based on the Ookla Speed Test. That’s an app that can test the broadband speed. According to the telecom provider, it is the “first independent test of strength” of the various 5G networks in the Netherlands. In the third quarter, according to the company, more than...

Foxconn comes with a good quarterly report

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Hon Hai Precision, the official name of electronics manufacturer Foxconn, continues to benefit from the growing demand for iPhones. The major supplier of iPhone-maker Apple came up with better than expected figures. This also shows that the company is recovering from the crisis. Foxconn is behind for the assembly of most iPhones and iPads. In the last quarter, the company made a net profit of 30...

Billion-dollar deal for Coca-Cola European partners in Australia

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Coca-Cola European Partners (CCEP) takes over its Australian branch Regent Coca-Cola Amatil (CCA). The deal gives Sydney’s Coca-Cola Amatil a wide range of rubbed nearly EUR 5.6 billion. The name is an important bottler of certain drinks. The combination must be able to cope with the delay of the large in the sector, due to the different variants of sugar drinks. Coca-Cola Amatil has 32...

September report shows the growth of car sales

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The purchases of passenger cars in Europe has increased by 3.1% for the better of a year earlier. As a result, September was the first month of 2020 in which car sales increased on an annual basis, reports the European industry association ACEA. The car industry suffered a major blow as a result of the COVID-19 disease. This springtime, fewer cars were delivered and many dealers closed the doors...

Møller-Maersk more optimistic on 2020 performance

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The Danish container giant A. P. Møller-Maersk has increased the profit expectation for 2020. The company now expects an operating result (ebitda) of between 7.5 billion and 8 billion dollars due to continued recovery in demand. Previously, Maersk was counting on a profit of 6 billion to 7 billion dollars. Maersk now assumes that volumes have decreased by 3% on an annual basis in the third...

AirBnB will go public, the timing is questionable

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Housing rental site Airbnb wants to go public in December and then hopes to raise around 3 billion dollars. This is reported by Reuters news agency based on Insiders who indicate that Airbnb wants to make use of the unusually strong recovery that the company has shown in recent months. Before, the travel industry was hit hard by the coronacrisis. The company would like to publish the papers for...

ByteDance applied for license to sell TikTok

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The Chinese technology group ByteDance, owner of TikTok, has applied for a license to export technology in China. TikTok has until next weekend to get approval for a deal on his American Activities, which, according to ByteDance, also requires the green light from Beijing. ByteDance is still waiting for a response to the application for authorization submitted to a municipal chamber of Commerce...

Airlines and banks show strong decline in Asian region

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Most stock exchanges in the Asian region showed small losses on Tuesday. The airlines, in particular, were under pressure from fears of stricter measures in Europe to curb the further advance of the SARS. In Japan, investors had another day off. The Tokyo Stock Exchange will resume on Wednesday. In the meantime, the main index in Shanghai recorded 0.5% in the min and the Hang Seng index in Hong...

Ericsson intention to acquire CradlePoint announced

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The Swedish network company Ericsson takes over the US provider of wireless solutions CradlePoint. According to Ericsson, the acquisition, involving USD 1.1 billion, will help to roll out the 5G network for fast mobile internet. Ericsson is committed to gaining market share in the fast-growing 5G market. according to Ericsson, CradlePoint’s services are well suited to the company’s...

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