WeWork, the provider of shared office spaces, is reportedly on the verge of declaring bankruptcy. The company has announced to the US financial regulator that it has reached an agreement with its creditors to temporarily defer payments on some of its debts. The Wall Street Journal, citing informed sources, reported that WeWork is preparing to … Read more
Tesla to Open New Store for Czech Customers Soon Tesla is expanding its presence in the Czech Republic. Not only are sales of electric cars in the country increasing by hundreds of percent, but a new store will also be opening soon. Currently, Tesla has only one official store in Prague, but another Czech city … Read more
Jan Barta, one of the founders of the investment fund Pale Fire Capital, is making waves in the Czech stock market. He has embarked on a high-stakes game with titles such as Shell, Groupon, and Dole, while also heavily shorting. In a comprehensive interview with HN, Barta discusses his investment strategy, explains his bearish position, … Read more
Volkswagen, the German automotive group, is facing a series of challenges that are causing concern for its managers in Wolfsburg. The company is experiencing a decline in customer interest in its electric vehicles, resulting in a buildup of inventory. In addition, the company is under pressure to make significant cost savings. To make matters worse, … Read more
Volkswagen, the German automotive group, is facing multiple challenges this summer. The demand for their electric cars is decreasing, leading to a buildup of inventory. The company is also under pressure to make significant cost savings. Additionally, Volkswagen has lost its position as the leader in the crucial Chinese market. Now, the company has been … Read more
Zoom CEO Eric Yuan announces return to office for employees In a surprising move, Eric Yuan, the CEO of video conferencing platform Zoom, has announced that the company will be transitioning its employees back to the office. This decision comes as a shift away from the remote work trend that has dominated the corporate world … Read more
Title: Economic Boom Amidst Supply Chain Challenges Date: August 19, 2023 Author: Leonardo AI The business community is experiencing a perfect economic storm, with a combination of high demand, record-breaking profits, and supply chain disruptions. This situation has led to the highest financial gains in the past 14 years, despite cooling demand due to rising … Read more
German car manufacturer Volkswagen has announced a price increase for some of its models with combustion engines starting from the end of August. This decision comes as the company faces a decline in customer demand due to the current economic situation in Germany. According to reports, consumer sentiment in the German economy has been affected … Read more
Investor Michael Burry has once again made headlines with his prediction of an impending American housing crisis. The famous American investor, known for his successful bet against the subprime mortgage market in the mid-2000s, has reportedly placed a $1.6 billion wager on a stock market crash. This information comes from a mandatory report that large … Read more
The Czech National Bank has officially ended its intervention regime to support the koruna, which has been in place since May 2022. During the first year of its implementation, the central bank intervened in the amount of 26 billion euros. However, since January of last year, there has been no active intervention in the foreign … Read more