CategoryCorporate

KLM delay capital increase

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Air France-KLM is considering postponing its capital increase, as many governments have imposed severe travel restrictions to limit the spread of the Omikron variant of the coronavirus. News agency Reuters reports on Thursday based on sources. The French-Dutch airline hoped to raise EUR 1 billion or more by the end of the year, in order to strengthen its balance sheet and repay state aid. This is...

Major changes in customs tariff from 1 January 2022

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oil terminal

The Netherlands accounts for 40% of all customs declarations within Europe, but on 1 January things will change again. To be well prepared for this, over 100 customs professionals visited the day of the Declarant in Veenendaal last week. This could be due to a significant change caused by the fact the EU’s customs office will begin its duties on goods imported from the Netherlands to its...

Government spent 6.5 billion euro on KLM

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KLM has a tax debt of 1.371 billion euros. This means that the company received a total of € 6.5 billion in support during the coronavirus crisis, writes the newspaper. All companies were able to postpone their tax payments during the coronavirus crisis. 376,000 companies took advantage of this. This concerns, for example, the wage tax, sales tax and corporation tax that did not have to be paid...

Lufthansa is back in the green zone

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Lufthansa

Lufthansa returned to profit in the third quarter and free cash flow was again positive. This was announced by the German airline on Wednesday morning. The adjusted EBIT returned to a positive result of 272 million euros for the first time since the start of the coronavirus crisis. A year earlier, Lufthansa recorded a loss of approximately 1.2 billion euros. Including restructuring costs, the...

Hertz has ordered 100,000 Teslas following customers’ demand

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The American car rental company Hertz has ordered 100,000 electric cars from Tesla as the first step in an ambitious plan to renew its fleet of rental cars. This was reported by Bloomberg News Agency on Monday, based on sources. The order is the largest ever for electric cars and accounts for 4.2 billion in sales for Tesla. Car rental companies usually charge large discounts from car...

Renault sales tumble, but the year will likely close as expected

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Renault saw sales decline in the third quarter, but maintained the outlook for the entire financial year. This was apparent on Friday from the figures of the French automaker. Revenue in the third quarter fell from 10.4 billion euros to just under 9 billion euros on an annual basis. This is a little better than expected. Analysts who contributed to the consensus of FactSet counted on 8.9 billion...

China plans to oblige platforms to provide access to Baidu

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China is considering having media companies share their content with rivals as well. This is what Bloomberg News Agency writes on Monday based on sources. Among other things, the Chinese Ministry of IT would consider including content and videos from Tencent and Bytedance in the search results of Baidu, for example. This would also mean that a part of Tencent’s turnover, for example, would...

When crypto is not enough: Bitfury goes to IPO

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Bitfury wants to go public at a valuation of billions of dollars. According to the newspaper, the company would have taken over Deloitte. It must examine whether the time is right to be listed on the stock exchange. The IPO of Bitfury, which has its headquarters in Amsterdam, would be the largest in Europe for a cryptocurrency company, according to the newspaper. The biggest contenders to get...

WhatsApp failure adds 70 million new users to Telegram

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Telegram founder Pavel Durov says he saw a ‘record growth’ in the number of users during last Monday’s WhatsApp messenger outage. More than seventy million new people would have used the Telegram app on Monday. According to Durov, the high growth did not cause problems for the majority of users. Only users on the American continents could suffer from a slower app, due to the...

Geely puts Volvo at IPO, will remain the major shareholder

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The Swedish car manufacturer Volvo Cars will be taken to the Stock Exchange in Stockholm, the company announced on Monday. This will raise a sum of SEK 25 billion (about EUR 2.5 billion). The Swedish company wants to use the proceeds of the stock sale to invest in electric cars and wants to have a full electric supply by 2030. Volvo Cars is owned by the Chinese car company Zhejiang Geely. The IPO...

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