Siemens Gamesa Sinks 15% After Warning About Results

Shares of the wind turbine maker have accumulated losses of nearly 32% since the start of the year. Siemens Gamesa has decided to downgrade its forecasts for this year’s results….

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Gold Returns to Losses But Consolidates Above $ 1,700 an Ounce

Gold returned to decline, after recording the largest jump in two months during the previous session, with the increase in US Treasury and dollar revenues, which weakened the yellow metal’s…

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Airline Association Fears Even Higher Losses from Corona

In view of the violent second wave of the corona pandemic, the international airline association IATA expects even higher losses than before. For this year and next, the International Air…

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Emirates Anounced its First Half-Yearly Losses Under the Effect of Covid-19

Emirates, the aeronautical flagship of Dubai, announced Thursday its first half-yearly losses in three decades, under the effect of the Covid-19 pandemic which has virtually paralyzed air transport. In six…

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IMF: Losses Due to Corona Virus Will Reach 9 Trillion US Dollars

International Monetary Fund (IMF) estimates that losses due to the corona virus pandemic (covid-19) will reach 9 trillion US dollars in 2020-2021. This figure is far greater than the combined…

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Uber Disappoints Losses in the 3rd Quarter

The Uber chauffeur-driven booking platform, which is planning to enter the stock market next year, has widened its losses in the third quarter to more than a billion dollars. Its…

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