Category: Business

Denmark, the Scandinavian country squished between Germany and Sweden, is ranked the easiest place to do business in the world, according to the recently published Global Business Complexity Index 2021. The report explains: “In Denmark, you can incorporate a company within a day,due to the fact that there is one single entry point for all registrations, and all necessary bodies and organisations are automatically notified.”France came second to worst of the 77 countries ranked. “France’s place as the second most complex jurisdiction is driven by complexities in accounting and tax…

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STOCKHOLM, July 23 – Volvo Cars reported a return to profit in the first half as demand for electric cars pushed earnings above pre-pandemic levels, putting the carmaker on a firmer footing as it considers a possible IPO this year. Sweden-based Volvo, owned by China’s Geely Holding (GEELY.UL), said on Friday it made a first-half profit of 13.24 billion Swedish crowns ($1.52 billion), more than double its profit of 5.52 billion crowns in the corresponding period of 2019, before the coronavirus struck. Like several other automakers Volvo has been forced…

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UK shops have made a promising start to the year as people have returned to high streets up and down the country, however, they are “not out of the woods” just yet, a leading trade association has warned. According to the latest figures from the British Retail Consortium (BRC), along with KPMG, total sales in Britain increased by 7.3% across the month of April, compared to the same month in 2019, as restrictions eased for non-essential stores under Boris Johnson’s roadmap out of lockdown. This was above the 3-month average…

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Intel wants EUR 8 billion ($9.7 billion or roughly Rs. 71,249 crores) in public subsidies towards building a semiconductor factory in Europe, its CEO was cited as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies. The pitch is the first time Pat Gelsinger has publicly put a figure on how much state aid he would want, as Intel pursues a multibillion-dollar drive to take on Asian rivals in contract manufacturing. “What we’re asking from both the US and the European…

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