Status: 01/31/2023 3:12 p.m Oil company profits have exploded in 2022. The US oil giant Exxon alone made a profit of 56 billion dollars last year. In times of high fuel and heating costs, however, the record profits are not well received everywhere. While many sectors of the economy and companies had to make heavy cuts in 2022 in the face of inflation concerns and rising interest rates, Exxon and most companies in the oil industry did brilliantly. Thanks to...
Total Bitcoin mining revenue (block reward plus transaction fees) per day has increased by almost 50% since the beginning of the month, reaching almost $24 million. Although Bitcoin mining income during this period has increased. But it is still far from the all-time high of more than $80 million that Bitcoin reached in April 2021. Bitcoin Price Rising, Mining Earnings Increase Accordingly Bitcoin price surge in the first month of the year has led to an increase in miner profits....
There has long been a suspicion that the European Central Bank is more concerned with the welfare of the banks than with the concerns of the citizens. The high rates of inflation put a strain on people, and the currency watchdogs were caught off guard by the high prices. Recent hikes in interest rates are intended to slow things down, but it will be years before inflation returns to target levels. Meanwhile, banks in Europe are making a lot of...
Status: 01/26/2023 5:35 p.m For a long time, the market leader for business software had hardly any serious competition. But why is SAP's dominance dwindling so noticeably that the company is now cutting thousands of jobs? The fan manufacturer ebm-papst from Mulfingen near Heilbronn is what experts call a "hidden champion": it is hardly known to the general public, but it is the market leader in its segment. The fans of the Swabian medium-sized company can be found in machines,...
There has long been a suspicion that the European Central Bank is more concerned with the welfare of the banks than with the concerns of the citizens. The high rates of inflation put a strain on people, and the currency watchdogs were caught off guard by the high prices. Recent hikes in interest rates are intended to slow things down, but it will be years before inflation returns to target levels. Meanwhile, banks in Europe are making a lot of...
Oxfam says the rich will only get richer during the crisis. For every $1 per capita in wealth gained in the poorer 90 percent of the world's population, a billionaire gained an average of $1.7 million.Since the beginning of the corona pandemic, the richest one percent of the world's population has accounted for around two-thirds of global wealth growth. This emerges from the study "Survival of the Richest" (Survival of the Richest), which the emergency aid and development organization Oxfam...
When Germans talk about the stock exchange, the image of the lottery shop is one of the friendlier comparisons. According to the reputation of the trading floor, profits are as random on the stock exchange as success with the lottery ticket. At first glance, it may seem surprising that traders and employees of the Hamburg, Hanover and Düsseldorf stock exchanges have now chosen the word "random profits" as the stock market nonsense of the year 2022. So much self-mockery on...
Indian crypto exchanges are losing trading volume. After the new tax for this sector comes into effect. The loss so far as a percentage is over 90% compared to the previous year. Esya Centerreportthat the volume exceeds 3.85 billion dollars has shifted away from Indian crypto exchanges to overseas competitors. Between February and October 2022, that is, since the new tax took effect on April 1. In terms of peer-to-peer trading, volume has also migrated from India to foreign exchanges....
“For New Year's Eve, a full meal on a restaurant boat can cost up to 600 euros, we see that it is a very lucrative activity: the employees are just asking for better compensation for the production they generate. “For Matthieu Saintoul, trade unionist of FO Paris, the strike which since December 24 has affected some of the employees of the iconic Batobus and Bateaux Parisiens is a matter of sharing.The strikers demand in particular wage increases, statutory revaluations and...
Logo of the American oil company ExxonMobil, on a billboard of the New York Stock Exchange, April 23, 2018. RICHARD DREW/AP The American oil company ExxonMobil seized, on Wednesday December 28, the Court of Justice of the European Union (CJEU) against the tax on the "superprofits" of the energy giants decided by the European Commission, which could according to the company "discourage investment". Adopted at the end of September and officially baptized “temporary solidarity contribution”, this charge is supposed to...
