Suspected hackers have accessed client data of Italy’s biggest lender, UniCredit, in two attacks over the past 10 months which affected around 400,000 Italian customers, the most serious hack ever reported by a major Italian lender.
The Milan-based bank blamed a “third party provider” for the two data breaches it discovered, which it said happened between September and October 2016 and again between June and July of this year.
LafargeHolcim posted slightly better-than-expected second-quarter results on Wednesday as the world’s biggest cement maker sought to put a scandal over payments to armed groups in Syria behind it. It reported net income to shareholders of 787 million Swiss francs, up 96.5 percent from 400 million francs in the year-ago period.
The Franco-Swiss company reported adjusted operating profit of 1.735 billion Swiss francs ($1.82 billion) for the three months ended June 30, slightly ahead of the average estimate of 1.714 billion Swiss francs in a Reuters poll.
The acquisitive Chinese conglomerate HNA Group pulled an unusual move on Monday revealing its ownership structure after striking multi-billion dollar deals that have raised questions about corporate governance, strategic motivations, financial health and who exactly is calling the shots.
Alphabet reported a 21% jump in quarterly revenue on Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting the big sales gains enjoyed recently […]
Logitech International today announced financial results for the first quarter of Fiscal Year 2018. The Q1 sales were $530 million, up 13% in constant currency compared to Q1 of the prior year, beating forecasts of $512 million in a Reuters poll. Logitech raised its outlook 2018 to 10% to 12% sales growth.
Net profit increased to $37 million, ahead of estimates of $26 million.
A strong Easter bank holiday weekend helped Ryanair to a 55% rise in profit for the three months to the end of June. The airline reported a profit after tax of €397m for the quarter, compared to an average forecast of €366 million in a company poll of analysts.
Ryanair generated €1.9 billion in revenue during the quarter, up 13% on the same period last year and carried 35m passengers (+12%). The company notes the results are flattered by the fact that Easter fell in April this year, skewing comparisons with 2016, when it was in March.
Swatch Group on Friday painted a brighter outlook for rest of the year as the world’s largest watchmaker said conditions for Swiss timepieces in China and Europe were improving.
The swiss watchmaker said it expected "very positive growth in local currency" for the rest of 2017 after net profit rose 7.2% in the first six months of the year.
Some experts suggest that environmental regulations, such as the US decision to quit the Paris Climate Agreement, are likely to have a zero impact on the US economy. Do you share this point of view? Why?
It depends on a period of time that you are talking about. I think that in the long run it has a negative impact. I believe that the energy sector, especially alternative energy sources, hold tremendous opportunities for economic growth. If the US is not going to push in that direction, then other counties will take that growth away. Thus, I think that within the next two years there may be no effect, but, going forward, it has a negative impact on the US economy.
