Home Posts tagged consumer
Economy News Shares

Spotify posted strong performance in Q3

Spotify, the world’s leading music streaming service, reported its third-quarter results on Wednesday. Displaying a strong performance, the company recorded its sixth net profit. Despite its success in the online music market, Spotify has yet to post a full-year profit since going public in 2018. This is the company’s sixth net profit since going public […]
Economy News

U.S. retail sales rebounded in September

According to Commerce Department figures released Friday, retail sales in the United States rose in September due to price increases. A new report from the U.S. Department of Commerce shows that the U.S. retail sales market rebounded in September after falling 3.3 percent in the previous month, according to a report released Friday. According to […]
Economy News

Italy: Automobile production fell by 37.4%

According to figures released by the National Statistics Institute (Istat) on Monday, the decline in automobile production has accelerated sharply from July’s 7.4% drop. Italian automobile production dropped 37.4% in August. This decrease is mostly due to the global shortage of semiconductors, according to data released Monday by the Institute. According to figures
Economy News Shares

Hermès inaugurates a new factory

The new factory, which was inaugurated Friday near Bordeaux in France, is manufacturing Hermès bags in a wood and concrete building that houses nearly 200 newly trained craftsmen. There is a distinctive feature of the group: craftsmen are recruited without regard to their age, gender, or professional experience. Employees have thus come from a range […]