It has long been talked about, but many hoped that it would eventually be avoided. But now the reality is inevitable. The German car companies are facing serious problems, which is negatively affecting not only the German economy, but also the Czech economy. According to some experts, the impact on the economy could be worse than originally expe...
Fashion group Esprit plans to close all 56 of its stores in Germany by the end of this year, resulting in job losses for some 1,300 workers, according to DPA. The insolvent European arm of the company is expected to sell trademark rights to British financial investor Alteri. Esprit did not disclose the purchase price of the deal. The plan is to ...
The troubles of the Polish company Allegro, which bought the Mall Group two years ago, including the Czech e-shop CZC, seem to be a permanent problem. The recent layoffs of employees within the Czech e-shops and the slowing pace of transformation of the long-losing business point to the difficult situation the company faces in the e-commerce mar...
A company invested billions of dollars into a project aimed at propelling them into an entirely new industry. However, the project faced numerous challenges almost from the beginning, leading Apple to change team leadership and strategy multiple times. Apple, the American tech giant, has halted work on its electric car project. Some employees...
The CEO of Advanced Micro Devices (AMD) has engineered one of the biggest turnarounds in Silicon Valley history, boosting the share price of the ailing semiconductor maker more than 30 times in less than 10 years. It is now gearing up for the battle in artificial intelligence (AI) as part of the coming revolution. Today, AMD is a well-known a...
