Adidas sees sales hit German sportswear company Adidas warned on Wednesday of a 1 billion euro ($1.2 billion) hit to sales from factory closures in COVID-hit Vietnam and supply chain bottlenecks that it expects to affect business into next year. Adidas has launched an action plan to try to revive its fortunes in China, long […]

The price of gas is rising again The price is mainly affected by the sharp economic recovery, low inventories and, last but not least, the reactions of the Russian energy giant. Most recently, Russia’s Gazprom has refused to reserve more pipeline capacity through Ukraine and Poland to transport gas to Europe in the first three […]

Tesla’s value has risen to a record high Musk’s electric car producer exceeded all expectations. In the third quarter, it reported sales of $ 3.11 billion in the Chinese market. The value of the company’s shares rose to a record high and the shares were also affected by the announcement by Hertz. Company plans to […]

Alibaba will open new data centers The company decided to expand its cloud business and open its first data centers in South Korea and Thailand. With this move, Alibaba wants to expand its business internationally, competing with Amazon and Microsoft. Other traces of the company are heading to other areas of Asia, including Singapore, the […]

New gas supplies for EU Gazprom rejects suspicions of market manipulation to put pressure on European lawmakers to launch the Nord Stream 2 pipeline. Russia’s energy supplier has begun to draw on its additional gas reserves in Europe, specifically from its warehouse in Haidach, Austria. The company said it wanted to work with Europe and […]

Defence of the Facebook Mark Zuckerberg defended his company in a notice to Facebook employees, stating that the former employee’s statements about the negative effects of social networking on the company “make no sense.” The owner of Facebook has so far kept quiet about the allegations, but most recently said that the arguments are illogical. […]