Global Breaking News - Sunday, May 5, 2024
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[Misc] (HL-20190811~20190817) Weekly Headlines
최고관리자 | 19-08-09 10:22
(Mon) Tesla shares sink
테슬라 주가 급락
Tesla shares sank nearly 15% early Thursday, wiping off more than $5 billion off its market value. Tesla's earnings report disappointed Wall Street Wednesday after the bell. The electric car maker's margins shrank, and it reported a much wider quarterly loss than expected. Also upsetting investors: CEO Elon Musk said the company will emphasize growing volume, boosting production capacity and generating cash over its previous focus on profit. He pushed back the profitability timeline to the fourth quarter of this year. Another worry for Wall Street: Tesla's chief technology officer resigned. J.B. Straubel, the brain behind its electric battery, was the last of the old guard outside Musk himself in a company with a history of executive turnover.
(Tue) Low-carbon, sustainable Cork House up for architecture award
건축상 후보에 오른 저탄소, 지속가능한 코르크 하우스
It's got a roof to keep you dry, a kitchen, a bedroom - everything a normal house would have. But this one is a little different. It's made almost entirely from cork. "So we're now entering the house which is the first project to use this cork construction kit." One of the architects behind it is Dido Milne. The house took just over two years to build in the English town of Eton. So what would it be like to live in? "It smells of the cork forest, it's got a very distinct smell. The walls are really warm to the touch and the acoustic is very soft, being pure plant-based material." The cork used to build it comes from the bark of oak trees in the Mediterranean. It was collected from waste created during cork manufacture. They are turned into blocks that interlock and fit snugly together, meaning there's no need for glue or cement. Because of its light weight, the walls and the roof were assembled by hand. And the strong thermal properties mean the house stays warm, so no plastic insulation is required. Architects say once the building reaches the end of its life it can be easily disassembled and the 1,200 or so blocks recycled or composted. So how long will it stay standing? "In terms of how long this building could last for, obviously there's no definitive answer to that question because it's the first time it's been done. It's a genuinely innovative building made of solid cork. But we've looked at a Portuguese cork pavilion which has been in place for about 20 years." This cork house has been shortlisted for a British architecture award. But it might have to wait a while yet before its design wins over the public at large.
(Wed) China slowdown? No one's told Hermès
중국 경기 둔화? 에르메스에겐 남의 일
Ten-thousand dollar handbags are immune to trade wars, it seems. French luxury brand Hermes posting better-than-expected results Tuesday. It's known for posh totes like this. The Birkin starts at about ten grand. But the very top ones go for hundreds of thousands at auction. Analysts had thought the firm might see a drop in demand amid the China-U.S. trade tensions. Quite the reverse though. Second quarter sales were up almost 15 percent to 1.87 billion dollars. Sales in mainland China actually particularly strong. In Hong Kong two stores did have to close during recent antigovernment protests. But Hermes says the impact was minimal. Revenues rose at a brisk pace across the rest of Asia. All that bodes well for luxury peers. Louis Vuitton owner LVMH and Gucci parent Kering both due to report later this week.
(Thu) Coffee perks up Coca-Cola's sales
코카콜라의 매출 상승을 이끈 커피
Coca-Cola's push beyond sugary sodas is paying off. Its profit and sales for the quarter rose, beating estimates, thanks to its increasingly diverse beverage lineup. The company recently rolled out canned coffee in the UK after buying Britain's Costa Coffee last year. It also launched a drink that blends coffee with soda, which Coca-Cola plans to sell in more than 25 markets by year's end. In the quarter that just ended, the beverage giant grew sales more than 6% to $10 billion, and upped its organic revenue forecast for the full year. Helping expand those sales: an upgraded Coke Zero called Coke Zero Sugar. Coca-Cola shares jumped 5% Tuesday. But they have underperformed shares of archrival Pepsico, which has also expanded into coffee, tea, juices and bottled water and energy drinks.
(Fri) Philips sales spurred by rising Chinese healthcare spending
중국 의료비 지출 증가, 필립스의 매출 견인
Philips shares among Europe's top performers Monday. Stocks rose 4% in early trade as the Dutch health tech company posted better than expected sales growth in Q2. Higher healthcare spend in China helped, There the firm saw - quote - a 'double digit' sales increase. The Chinese government has ramped up healthcare spending recently and invested in more advanced technologies. Philips said comparable sales improved 6% in the second quarter. That beat analyst predictions of 4.5% improvement. Demand for medical equipment also rose in the U.S. and Europe. Philips Chief Executive Frans van Houten said results kept him optimistic about the months to come. That said, the firm still sees the Sino-U.S. trade war as this year's main worry. Philips currently expects tariffs to shave $51 million off its 2019 core earnings.
** Other Latest Headlines **
* N. Korea warns Seoul will 'pay dearly' for escalating tensions
North Korea blasted South Korea on Thursday for conducting joint military exercises with the United States and deploying high-tech US fighter jets, warning Seoul will "pay dearly" for escalating tensions on the peninsula. "The joint military exercises which have been conducted by the South Korean authorities with outsiders century after century are the root cause escalating tension on the Korean peninsula and blocking the development of the inter-Korean relations," the North's Committee for the Peaceful Reunification of the Country said in a statement carried by the Korean Central News Agency.
* Bus driver’s waiting time doesn’t count as work hours
The Supreme Court ruled that a former chief executive who was fined for making his employee work longer than the legally permitted 52 hours a week was not guilty, saying waiting time did not count as work hours. The top court said Tuesday it has overturned a lower court ruling that imposed a fine of 500,000 won ($410) on Kwak No-sang, former chief executive of Korail Networks. It sent the case back to the Suwon District Court for retrial. The Korail Networks employee surnamed Yoon, who drove a shuttle bus between Gwangmyeong Station and Sadang Station, pressed charges against Kwak in May 2017 after he was fired for not coming to work. Based on a Supreme Court precedent that said “working hours mean the time a worker actually worked, and whether the waiting time counts depends on individual cases,” the court looked into the hours Yoon drove the bus and waited, and ruled that Kwak had not violated the law. To fall within the legally allowed 52 work hours a week, a person who works every other day should work less than 14 hours and 52 minutes a day. Prosecutors found that Yoon worked 18 hours and 53 minutes every other day.
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