Economy

AB Volvo warns chip woes to linger after narrow profit miss

Sweden’s AB Volvo (VOLVb.ST) warned on Tuesday of more production disruptions and stoppages this year after chip shortages prevented the truck maker from fully capitalising on strong demand for its vehicles in the second quarter.

UBS profit leaps 63% in Q2 amid wealth management boom

UBS (UBSG.S) on Tuesday posted a 63% jump in second-quarter net profit, easily beating expectations as buoyant markets continued to help the world’s largest wealth manager generate higher earnings from managing money for the rich.

China Evergrande shares, bonds slump as investor worries persist

Shares and bonds of China Evergrande (3333.HK), the country’s most indebted developer, stayed in the red on Tuesday as worries over its financial health persisted even after a local housing authority removed an earlier sales suspension at two real estate projects.

Insights from eCom Scotland into making flexible working work

These days – thanks, in part at least, to the effects of the coronavirus pandemic – people in all sectors of the economy are learning to cope with such concepts as remote work, home office, teleworking, hybrid and flexible work arrangements. Consequently, organisations now need to develop strategies and systems to support this workforce, including providing appropriate technology and redesigning work processes.

U.S. recession ended in April 2020, making it shortest on record

The U.S. recession touched off by the coronavirus lasted only two months, ending with a low point reached in April 2020 after thestart of a sharp drop in economic activity in March of that year, the U.S. Business Cycle Dating Committee announced Monday.

AB Volvo warns chip woes to linger after narrow profit miss

Sweden’s AB Volvo (VOLVb.ST) warned on Tuesday of more production disruptions and stoppages this year after chip shortages prevented the truck maker from fully capitalising on strong demand for its vehicles in the second quarter.

UBS profit leaps 63% in Q2 amid wealth management boom

UBS (UBSG.S) on Tuesday posted a 63% jump in second-quarter net profit, easily beating expectations as buoyant markets continued to help the world’s largest wealth manager generate higher earnings from managing money for the rich.

China Evergrande shares, bonds slump as investor worries persist

Shares and bonds of China Evergrande (3333.HK), the country’s most indebted developer, stayed in the red on Tuesday as worries over its financial health persisted even after a local housing authority removed an earlier sales suspension at two real estate projects.

Insights from eCom Scotland into making flexible working work

These days – thanks, in part at least, to the effects of the coronavirus pandemic – people in all sectors of the economy are learning to cope with such concepts as remote work, home office, teleworking, hybrid and flexible work arrangements. Consequently, organisations now need to develop strategies and systems to support this workforce, including providing appropriate technology and redesigning work processes.

U.S. recession ended in April 2020, making it shortest on record

The U.S. recession touched off by the coronavirus lasted only two months, ending with a low point reached in April 2020 after thestart of a sharp drop in economic activity in March of that year, the U.S. Business Cycle Dating Committee announced Monday.

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