Backes, the first female Finance Minister in Luxembourg’s history, is a career diplomat with a wealth of both European and international experience. Having most recently served as Chief of the Grand Ducal Household, Backes previously held...
The Council of Ministers, in its session held today, 12 December 2021, under the chairmanship of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz approved the budget for the fiscal year 2022, with...
Thank you, Minister. Good afternoon everyone. Let me also start with the economic situation. As the Minister already said, the economic recovery continues. We expect all EU countries to return to their 2019 GDP levels this...
Following restructuring program and portfolio renewal, positive result in Latin America expected this year Further growth potential from new compact car family in entry-level segment – Polo Track based on MQB to be first model in...
Automotive segment reports nine-month free cash flow of € 6.3 billion Segment EBIT margin comes in at 11.3% for nine months BMW brand grows nine-month market share in Europe, Asia and Americas Deliveries of fully electric...
Sports car manufacturer increases sales revenue and profit in the first three quarters Porsche succeeds despite the global semiconductor crisis. The Stuttgart-based sports car manufacturer achieved a return on sales of 15.5 per cent at the...
Daimler AG‘s (ticker symbol: DAI) business performance demonstrated resilience in the third quarter ending September 30, 2021. Despite considerably lower production and sales due to the semiconductor shortage, revenue remained at the prior-year level. Group EBIT...
After nine months: 1.3 million Audi brand vehicles delivered, revenue €40.4 billion, operating profit of €3.9 billion and operating return on sales of 9.5 percent Net cash flow strong at €7.9 billion Trend in third quarter:...
Spain’s Caixabank on Friday 29 October 2021 – said its third-quarter recurrent profit rose 33% measured against the same period a year ago, due to lower loan loss provisions which offset pressure on lending income. Caixabank,...
Easier for people who lost their jobs to get funding Threshold to be eligible to apply for funding lowered to 200 dismissed workers More support for self-employed and child carers The renewed European Globalisation Adjustment...
In her press briefing held today (Wednesday, April 7th) in Washington, DC, the IMF’s Managing Director Kristalina Georgieva said that vaccinations and policy support were the reasons behind an increase to 6% in the World Economic...
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