The multi-asset investment platform eToro has announced this Tuesday that it will go public in the United States (USA) together with Fintech V under the name of eToro Group Ltd. and plans to start trading on the index Nasdaq, for which it will have the advice of Goldman Sachs and Citi. The company expects its […]
Tag: economy / companies
Danone Dismisses Emmanuel Faber As President Due To Pressure From Shareholder Funds
The French giant Danone has announced this Monday the removal of Emmanuel Faber from his position as president, after being dismissed from the CEO position two weeks ago. The results reaped by the food group, and the pressure from Danone shareholders funds to promote a relief, have ended with his departure, as reported by the […]
German businessmen and teachers denounce the ECB’s aid program against Covid before the Constitutional Court for financing the States
The action of the European Central Bank (ECB) has once again been the subject of a complaint before the German Constitutional Court, this time for its emergency assistance program (PEPP) against the effects of the coronavirus crisis. The complaint was received on Monday in Karlsruhe, as reported today by a TC spokesperson The 140-page complaint […]
White smoke in the Government with the aid plan: the CCAA will distribute up to 7,000 million in direct aid
The Government already has clear how it will distribute the fund of up to 11,000 million euros announced a few weeks ago by the president, Pedro Sánchez, and that it will approve tomorrow in an extraordinary Council of Ministers. The Ministry of Economic Affairs and the Ministry of Finance have already concluded the design of […]
Inditex earns 70% less due to the pandemic and sales fall 28%
Inditex, the textile group that owns chains such as Zara, Stradivarius or Massimo Dutti, closed 2020, the first year of the pandemic, with a profit of 1,106 million euros (70% less compared to 3,639 a year earlier), after selling almost a third less (28%) due to restrictions in stores or the closure of them derived […]
Nokia and Sony join Ericsson and will not attend the Mobile World Congress in Barcelona due to the coronavirus
The celebration of the Mobile World Congress in Barcelona, ​​whose organizers had guaranteed for next June, seems less and less certain. Following the decision announced yesterday by Ericsson not to attend the technology show, Nokia and Sony have announced today that they will not participate, at least in person, in this year’s event. “Given the […]
The rescue of Plus Ultra raises the pressure on the Treasury to appoint the president of Sepi: “It is not a strategic company”
The rescue of the airline Plus Ultra LAneas Areas by the Sociedad Estatal de Participaciones Industriales (Sepi), in charge of managing the rescue fund for strategic companies and which has had a president in office for a year, has surprised the air sector, one of the most affected by the pandemic and that doubts the […]
Ericsson will not attend the Mobile World Congress 2021 and the fair is in danger again
The 2021 Mobile World Congress could follow in the footsteps of the 2020 edition and have to be canceled due to the pandemic. Although the GSMA announced yesterday its intention to continue with the fair with all possible security measures, Ericsson has confirmed that will not attend the Barcelona show, which could trigger a new […]
Mutua Madrileña earned 304.1 million in 2020, 5.2% more than in 2019
Grupo Mutua Madrilea has presented its results for 2020, the year in which it recorded a net profit of 304.1 million euros, which is 5.2% more than the previous year. Premium income reached 5,580.7 million euros, which also represents a growth (of 2.3%, specifically) compared to 2019. The number of policyholders grew by 0.5% and […]
The trial between Banco Santander and Andrea Orcel postponed for a possible case of coronavirus
The trial against Banco Santander for the failed signing of the Italian bankerAndrea Orcel It has been suspended until further notice, as reported to Europa Press in legal sources. The reason could be related to close contact for coronavirus. This Wednesday was scheduled to be held at the Court of First Instance number 46 of […]