Libya’s National Oil Company (NOC) announced Thursday night losses of more than $3.5 billion due to the forced shutdown of major oil production facilities since mid-April and declared a state of “force majeure” in some. “After the lapse of 72 hours and the loss of 16 billion Libyan dinars (approx. US$3.59 billion) and more, the […]
Tag: International business news
Turkey: Broadcasting Council cuts access to Deutsche Welle and Voice of America
Turkey’s Radio and Television Supreme Council (RTÜK) has blocked access to the Turkish service of US state network Voice of America and German public network Deutsche Welle because they did not apply for broadcast content licenses as required by the Turkish electronic and digital watchdog. media, said a member of yesterday Thursday. In February, both […]
Rosneft: A Qatari succeeds Schroeder as chairman of the board
Qatari Tayyeb Belmahdi became the new head of the board of Russian oil giant Rosneft today, succeeding former German Chancellor Gerhard Schroeder, who resigned from the post in May. According to the company’s statement after its annual general meeting, Belmahdi, a “renowned expert” in the oil and gas sectors, has “45 years of experience in […]
Air Baltic aspires to bring Greece closer to Riga
Closer to Riga and the other major Baltic cities is hoped to bring Thessaloniki and Northern Greece by Air Baltic, based in Latvia, which currently operates two direct flights a week from Macedonia Airport during the period May-October, while from this winter it plans to start winter routes between Athens and the Latvian capital. The […]
Universal Health Service: Decreased estimates for the year, the stock is down 9%
Universal Health Service announced that it is downgrading estimates for the whole year as a result of the lower than expected volume of patients, the revenues that negatively affect the operations of the company. The company providing hospital services and health care, showed a decrease in the number of coronavirus patients during the second quarter […]
Constellation Brands: Sales in the first quarter were higher than expected
Constellation Brands announced higher sales in the first quarter and returned to profits as demand for beers remained strong amid rising transportation costs and raw materials. The U.S. spirits company reported net income of $ 389.4 million in the quarter to May 31, compared with a loss of $ 908.1 million a year ago. Earnings […]
Walgreens Boots Alliance: Vertical drop in profits in the quarter
The Walgreens Boots Alliance reported net profit for the third quarter of $ 289 million, or 33 cents a share, down from $ 1.197 billion, or $ 1.38, a year earlier. Adjusted earnings per share stood at 96 cents against estimates for 92 cents, while sales of $ 32.6 billion were lower than $ 34.03 […]
London Stock Exchange: Performance corresponding to the estimates for the first half of the year
The London Stock Exchange Group announced that its performance in the first half of the year was in line with expectations, and according to the company’s estimates. The financial services and stock market management company also announced that Andrea Remyn Stone is resigning from her role as head of the group for the data and […]
Uniper: In discussions with the German government for rescue measures, the share plunges 18%
Energy giant Uniper SE is in talks over a possible bailout by the German government following a cut in gas supplies from Russia, forcing the company to buy fuel at spot prices at higher prices, Bloomberg reports. Uniper said it was in talks with the government about a possible increase in state-backed loans from KfW […]
Gazprom will increase gas supplies to Kaliningrad
Russia’s state-owned gas company Gazprom will increase gas supplies to the Russian enclave of Kaliningrad, regional governor Anton Alikhanov said yesterday after tensions escalated with neighboring Lithuania. Russian President Vladimir Putin said in May that Gazprom should consider stepping up the flow of liquefied natural gas (LNG) to Kaliningrad, an area between Lithuania and Poland, […]