Allianz Starts Year with Jump in Profits

German insurance group Allianz started the year with a jump in profits thanks to higher prices and lower losses from natural catastrophes. The company on Friday reported a 24.2% increase…

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Germany’s EON Profits up 2023 Outlook Confirmed

German energy giant EON on Wednesday said its business performance in the first quarter of 2023 was very positive. The company said the good earnings performance resulted from investment-driven growth,…

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Daimler Trucks Announces an Increase in its Profits

Daimler Truck AG Holding Company expects an increase in sales and profits during the current year, due to the increasing demand for buses and trucks. The German company expects that…

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Federal Fiscal Court: Bitcoin Profits are Taxable

A plaintiff was shipwrecked before the Federal Fiscal Court. He was apparently too impatient when trading Bitcoin, which is why he now has to pay massive taxes. Capital gains from…

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Energy Giants Shell and Centrica Enjoy Soaring Profits as Prices Rise

Shell has reported a record profit of $11.5bn (£9.4bn) in the second quarter, more than double the $5.5bn (£4.5bn) a year earlier. The oil giant had already smashed its quarterly…

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Germany’s Commerzbank Pushes up Profits in First Quarter

Frankfurt (dpa) – Profits are up at Germany’s Commerzbank, with a rise in revenue in the first quarter, according to results released on Thursday. For the fiscal year 2022, the…

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18 Billion Euros in Profits for Stellantis in 2021

The Franco-Italian automotive group announced an operating margin of nearly 12%, just one year after its founding. These spectacular results still bear the seal of its architect, Carlos Tavares, one…

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Amazon Doubled its Profits at The End of 2021

Amazon doubled its net profit to $14.3 billion in the fourth quarter of 2021, surprising markets unsettled by rising labor prices and supply and delivery difficulties. The online commerce giant…

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Tesla’s California Registrations Soared by More than 85% in the Second Quarter Model Y Sales are Strong

According to the latest report from market research firm Dominion Cross-Sell, Tesla‘s (650.6, -2.78, -0.43%) registrations in California, the largest electric vehicle market in the United States, soared by more…

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Russia’s Bank Profits Fall to $ 1.9 Billion due to Corona

said on Monday that profits in Russia’s banking sector fell to 149 billion rubles ($ 1.98 billion) in November from 170 billion in October. The central bank added that Russian…

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Aldi Makes A Jump in Profits in Great Britain Wants to Open Around 100 New Branches

The German discounter has increased its sales in the country to 12.3 billion pounds. Despite Corona, Aldi wants to open around 100 new branches by the end of 2021. London…

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Huawei Increases Profits by 25%

    China’s third-largest smartphone maker  China Huawei Technologies Co., Ltd. announced its annual profit increase on Friday, benefiting from record sales of mobile phones; at the same time, Huawei…

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