Business

The American retail group Walmart has increased its turnover in the second quarter. The company, which operates department stores, supermarkets, and a large webshop and a kind of wholesaler with a membership system, did better than…
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German inflation rose to 3.8 percent year-on-year in July, according to the federal statistics office. The currency depreciation in Europe's largest economy had not exceeded 3 percent since August 2008. During the financial crisis,…
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It is illegal to reclaim dividend tax multiple times when it has only been paid once. That is the conclusion in the first judgment of the highest German court on the so-called cum/ex fraud. The ruling clarifies Germany and other…
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Sales of luxury brand Gucci have returned to pre-coronavirus levels, further boosting the turnover of the Kering Group, Gucci's parent company. The Italian fashion brand also did everything it could to attract shoppers. For…
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The damage to the German railways is enormous after last week's floods. Deutsche Bahn estimates the costs of the recovery at 1.3 billion euros. Hundreds of kilometres of track, fifty bridges and dozens of stations were badly damaged.…
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Coca-Cola benefited in the second quarter from the relaxation in the corona measures worldwide. The world's best-known soft drink group grew by 42 percent in sales, reaching $10 billion, roughly the same level as in 2019, before…
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British fashion brand Burberry has recorded a significant increase in turnover in the second quarter. The company's strategy to attract young people by using influencer Kendall Jenner and musician FKA Twigs in advertising, among others,…
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The European Commission proposes to EU governments to introduce a CO2 border tax for products from countries with less stringent environmental requirements. If the Member States and the European Parliament agree, the unique ecological tax…
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The United Kingdom owes the EU a total of 47.5 billion euros for Brexit, according to a spokesperson for the European Commission, of which Brussels will charge 6.8 billion euros this year. London already paid the first deposit…
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Unemployment in the eurozone further decreased in May due to the economic recovery from the corona crisis, reports the European statistical office Eurostat. Youth unemployment, in particular, fell, presumably due to the relaxation…
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