TOYOTA MOTOR CORP. EXPECTS A DROP IN NET PROFIT THIS FISCAL YEAR

Highlights –

• Toyota Motor Corp. expects a drop in net profit this fiscal year.
• By the end of the quarter in June, net profit dropped 74.3 percent.
• Operating profit dropped by 98.1 percent.
• Toyota suffered a 31.8 percent fa...

BRITISH ROYAL MAIL REPORTS 31% FALL IN ANNUAL PROFITS; JOB CUTS

Highlights –

• Restructuring plans are being made by the British Royal Mail.
• It will change around 2,000 management roles; job cuts.
• The company reported a 31% fall in annual profits.
• It is also cutting down around $373 milli...

FOREIGN COMPANIES IN SOUTH KOREA – SALES DROP

HIGHLIGHTS –

• Foreign-invested corporations decline in sales due to COVID-19
• 67.3 percent decline in shipments
• The business climate in South Korea has deteriorated over the past five years

Due to the ongoing epidemic ...

Sales drop by 34%for new energy vehicle launched by china

New energy vehicle sales in China, the world’s largest automobile market, fell for the third month during a row as retardation within the overall market expands to electrical vehicles following cuts in government subsidies.

Sales of NEVs — that embrace hybrids and totally el...