The operational profit for the most recent quarter at Berkshire Hathaway, owned by Warren Buffett, surpassed $10 billion for the first time. According to the company's reports, the 92-year-old billionaire Warren Buffett's Berkshire Hathaway made an operating profit of $10.04 billion in the second quarter of 2023. Berkshire Hathaway's operational earnings set a record for the quarter and...

In the second quarter, the German airline Lufthansa saw a 17% increase in sales to €9.4 billion and a 240% increase in net profit, to €881 million. The outstanding performance is linked to a rebound in post-pandemic flight demand. Between August and December, ticket sales reached 90% of pre-pandemic 2019 levels. Additionally, Lufthansa dramatically increased its forecast for the whole of 2023: it...

Uniper, the German energy company, plans to invest over €8 billion in renewable energy by 2030. The company announced in a statement that it would invest more than €8 billion in going green by the year 2030. Uniper says that this represents an investment that is "three times the average annual investment over the last three years." According to the company, it plans to increase the...

Lufthansa’s affiliate Eurowings alone had to cancel 55 flights in just three days. The largest German airline, Lufthansa, plans to sue for damages after radical eco-activists from the movement Letzte Generation ("Last Generation") blocked the runways at the airports of Hamburg and Düsseldorf in the middle of July, forcing the cancellation of several dozen flights, writes DPA news agency. In...

The European Commission has launched an investigation into Microsoft in response to a complaint from Slack. The latter said that the company was abusing its dominant position by forcing its Teams platform on subscribers of Office 365 and Microsoft 365 packages. According to the regulator's website, the European Commission has opened an inquiry into Microsoft because the company forces its...

International diamond mining company De Beers reported preliminary data showing a 10.1 percent decrease in diamond sales to $410 million in the sixth business cycle of the current year (July 10–25). The fifth business cycle lasted from June 5 to June 20. Sales grew from 450 million to 456 million for the time period. In the sixth business cycle, sales of diamonds decreased 35.7 percent...

The collaboration between the two businesses includes, among other, joint development of an electric sedan and a SUV for China's middle class. German carmaker Volkswagen will to pay around €700 million for a 4.99% share in Chinese electric vehicle producer Xpeng to bolster its position in the Chinese electric vehicle market, writes Der Spiegel quoting to Ralf Brandstetter, Volkswagen’s CEO....

Spotify's stock dropped by 15% following the release of its second quarter report. The streaming service reported both rising revenue and customer growth, but the company’s net loss increased to €302 million. After the Swedish corporation Spotify released its second quarter report, its stock price dropped 15% due to a €302 million net loss, which was higher than analysts anticipated. Spotify's...

According to the agency, these numbers are about in line with those from the previous year. The American company Apple will create 85 million iPhone 15 devices in 2023 approximately in keeping with prior years' production levels. Despite a forecasted decline in the smartphone industry, the corporation is "aiming to hold shipments steady," according to the statistics. The company is also...