Economic news

The Italian company Eni occupies one of the leading positions among the major energy companies in the world. It reported on the end of 2021 with net profit, which reached 6.1 billion euros or 1 euro 69 cents per share. In 2020, there was a net loss of 8.6 billion euros or 2 euros 42 […]

The authoritative investor Warren Buffett, who heads the investment company Berkshire Hathaway, has repeatedly spoken out with harsh criticism of cryptocurrencies. Once he even called them “rat poison”. However, this week it became known that the words of Warren Buffett do not always correspond to the decisions made. His company bought “poison” for a large […]

The bitcoin price has been falling for the past two days in a row. As the CoinGecko review demonstrates, the asset has lost 7.2% of its value, dropping below the $41,000 mark. Bitcoin is trading at $40,760 per coin. The dominance index of the cryptocurrency is 39.7%. The fall in the value of bitcoin resulted […]

Germany’s major insurer, Allianz, ended 2021 with a net profit of 6.61 billion euros. In twelve months, its capacity fell by 2.9%. At the same time, an increase of 5.7% was shown by annual revenue, amounting to 148.5 billion euros. According to the trimestrial report, in October-December last year, the company recorded a net loss […]

Morning trading on Friday began with a decline in gold prices. By 8:43 am Moscow time, the troy ounce cost of the metal fell by 0.4%. It traded at $1,894.45. An ounce of silver rose to $23.91, or 0.13%. The day before, the price of gold rose above $1,900. It happened for the first time […]

Japan’s statistics office said consumer prices increase 0.5% in January similar to prices in the equal month last year. In December, inflation, calculated approximately prices a year ago, was at the level of 0.8%. Monthly, prices rose by 0.1% in January, identical to in December. Core inflation, which does not take into account the dynamics […]

U.S. GPU developer Nvidia ended the 4Q with a record revenue of $7.64 billion, beating market expectations of $7.42 billion. Net income was recorded at about $3 billion, up from $2.46 billion a year previously. During the quarter, the company sold video processors for cryptocurrency mining for $24 million. At the equal term, for the […]

US luxury hotel chain operator Hyatt Hotels Corporation ended the fourth quarter with a net loss of $29 million. Compared to October-December 2020, its size decreased by 86%. An adjusted loss per share of $2.78 was well above economists’ prognosis of $0.17. After the disclosure period, revenue was recorded at $1.08 bln., up from $424 […]

ACEA reported that 682,596 cars were sold in January. The indicator fell year on year by 6%. The decline in the new car sales in the European market has already become a steady trend. They have been falling for 7 consecutive months. The main reason for the negative dynamics was the long-term problems associated with […]

According to an Airbus press release, the airline group ended 2021 with a net profit of 4.2 billion euros or 5 euros 36 cents per share. The previous year saw a net loss of EUR 1.1 billion or EUR 1.45 per share. The aircraft manufacturer’s annual revenue increased to 51.2 billion euros or 4.5%. The […]