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Lufthansa Wants to Strengthen Buffers by EUR 3 Billion
The German airline Lufthansa is working with banks on a plan to raise 3 billion euros in capital.
Sources tell Bloomberg news agency that equity strengthening is needed to repay loans previously granted by the German state.
The…
South Korean Economy Back to Pre-Corona Level
The South Korean economy is back to pre-corona levels. Investments and exports of cars and chips helped the country recover faster than expected.
This makes South Korea the first larger economy after China, with an economy larger…
China Blames Tesla: Cars Must be Safer
China has urged Tesla to pay more attention to the safety of electric cars. An article by state news agency Xinhua states that the American company must do that to gain consumers' trust.
In addition, the news agency refers to…
ByteDance Prepares IPO Chinese Version of TikTok
The Chinese technology company ByteDance, known for the popular video app TikTok, has started preparations for an IPO of various business units. This includes the Chinese domestic TikTok clone Douyin, sources said.
ByteDance has…
Bitcoin is Worth More Than $ 60,000 Again
The bitcoin is again worth more than $ 60,000, bringing the value back to around the record level that the crypto coin hit about a month ago.
Investors are likely to be incredibly excited about bitcoin lately as Coinbase, the…
Chip Group Intel Up on Wall Street Due to Investment Plans
Chip group Intel was a winner on the stock exchanges in New York on Wednesday, thanks to the investment plans' announcement in production capacity.
The share of computer game retailer GameStop, which has recently been making a kind…
Saudi Oil Company Aramco Tightens Ties With China
The Saudi state oil and gas group Saudi Aramco will further strengthen ties with China.
According to CEO Amin Nasser, the company wants to work more closely with China in reducing emissions and producing cleaner energy sources.…
Payment Processor Stripe Surpasses Facebook in Terms of Value
Online payment service provider Stripe has raised $ 600 million in a new funding round. This means that the start-up now has a price tag of approximately 95 billion dollars.
Stripe is, therefore, the most valuable pre-IPO company…
The Tokyo Stock Exchange Closed Higher on Thursday
The Tokyo stock exchange closed higher on Thursday. The Japanese transport companies, in particular, did well in the hope of a strong economic recovery from the corona crisis. The other stock market indicators in the Asian region also…
Chip Shortage Has A Negative Effect on the German Industry
Industrial production in Germany fell unexpectedly in January. The car industry, among others, suffered from a shortage of chips.
The decline will end eight months of continuous growth for the German industry, German statistics…