CategoryCorporate

Keeping employees for the sake of state aid: KLM is the largest recipient of COVID-19 stimulus payments

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The KLM airline received the most wage support from October to december. If you include all KLM subsidiaries registered with the Chamber of Commerce and airline Transavia, you come to a total of more than 234 million euros. This is clear from the register published by the UWV, which implements this measure. All the companies receiving aid are listed there, with the amount of aid. KLM was also the...

Shell fails to meet its own green investment targets

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Shell has not met its own targets for investments in renewable energy in the past five years. The oil and Gas Group invested $ 3.2 billion in the new Energies business during that period. As a result, the company has remained below the level of the least ambitious scenario. New Energies was founded in 2016 and should provide a future after oil and gas. In the first year, a budget of 200 million...

American Airlines is sending staff away for a second time

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The American airline American Airlines announces that it will have to lay off another 13,000 employees due to the lockdowns. For some of them, that means the second discharge in six months. The reason for the impending intervention is the delay in summer bookings due to travel restrictions and virus anxiety among travelers. According to CEO Doug Parker and president Robert Isom, the resignations...

Reddit collective becomes the main newsmaker in the financial world

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The US stock exchanges have started higher on the new month. Last week, stock exchanges in New York had their worst week since October when market turmoil led to a wave of sales. This concern was partly triggered by Reddit investors, small investors who massively put their money into some small shares, including the share of computer games stores, GameStop and AMC cinema chain. This led to...

American Express profit plummeted 15 percent while others showed strong performance

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The crisis leaves its mark on the financial results of the credit card companies such as American Express. Less was paid with the payment cards of that group, because in many countries catering, museums and theaters remained closed, events did not continue and consumers did not venture holidays and town trips. American Express also notes that the recovery appears to be underway. Apart from travel...

IBM and Intel are the biggest market losers

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The American stock exchanges are closed on a rotating Friday. the Dow Jones Index and the S & P 500 decreased due to the pressure of heavyweights like IBM and Intel that both lost. Tech index Nasdaq left a little extra to the Friday market. Technology company IBM was sold out by investors after a quarterly update. Last year’s closing quarter turnover was deeper than what investors took...

AF/KLM waits for spring recovery

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The French airline Air France is still counting on a recovery from the crisis in the spring. The French newspaper La Tribune, Anne Rigail, points out that there is still no need to make adjustments to the flight schedules, and that the stricter measures recently introduced by France have not yet had an impact on the number of bookings. Air France, which is part of Air France-KLM, is suffering...

Philips acquires the IoT medical company Capsule Technologies

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Philips is taking over the US Capsule Technologies. That company makes hospital systems that can monitor the situation of patients. Philips pays $ 635 million for the company and supposes it will be able to benefit from the acquisition with a higher turnover and profit margin this year. On the Capsule system medical equipment from almost all manufacturers can be connected. The data will then be...

COVID-19 and ‘vaccination ID’ dominate the markets

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Investors are particularly monitoring developments around the coronavirus. Later in the week, the transfer of power in the United States is central point of interest. Joe Biden is officially inaugurated on Wednesday as the new president of the United States. The week will continue relatively quiet as Wall Street will remain closed on Monday due to Martin Luther King Day. Investors also assessing...

Stellantis group to be forth-big car manufacturer

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With the completion of the merger with the French automaker PSA, the parent company of Peugeot, Citroën, and the German Opel, the Italian-American Fiat-Chrysler is on Saturday, the fourth manufacturer in the world. The 14 brands of the New Stellantis group account for about 9% of car sales worldwide. Only Volkswagen, the Renault-Nissan-Mitsubishi alliance and Toyota are even bigger. The merger of...

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