Electricidade de Moçambique (EDM) is counting losses in the order of 20 million dollars, around 1.2 billion meticais, due to the damage caused by the passage of tropical cyclone Freddy, in the city of Quelimane alone, said an official source. EDM's Executive Director for Business Development, Pedro Jossias, said...
The company Electricidade de Moçambique (EDM) recorded losses of around 50 million meticais due to the bad weather that has affected the country, the company announced today. Around 30,000 customers were left without electricity following the floods that have affected southern and central Mozambique since the beginning of February....
. This was the biggest loss since the 2008 financial crisis, when Credit Suisse suffered a loss of more than eight billion Swiss francs (8.1 billion euros). In the last quarter of 2022 alone, Switzerland's second largest bank recorded capital withdrawals of CHF 110.5 billion...
US aircraft manufacturer Boeing announced that in the first nine months of this year it made a loss of $4,390 million, which it attributed to its defense business. Between January and September 2021, the Chicago-based company had posted a loss of $126 million. In the first nine months of this year,...
TAP is receiving signs of validation from investors in the financial markets for the quarterly accounts presented this Tuesday. After the airline announced that it closed the first half of the year with losses of 202.1 million euros (even so, an improvement over the same half of last year, when losses amounted to 493.1 million...
TAP closed the first six months of the year with a loss of 202.1 million euros, less than half the 493 million it had recorded in the same period of 2021. The operating result was positive by 4.4 million. The strong recovery in traffic allowed for a 938% increase in revenues to 1,321.2 million....
The losses of the Ukrainian economy due to the war started by Russia almost six months ago have reached $113 billion, according to estimates released this Sunday by the Kiev School of Economics. The figures were announced by Maksym Nefyodov, who leads projects to support the country's reconstruction at the KSE Institute, a center for...
Credit Suisse saw its losses worsen to 273 million Swiss francs (267 million euros) in the first quarter, due to the costs of litigation and the consequences of the Russia-Ukraine war. According to the newspaper Económico, Credit Suisse's results continue to mirror the scandals that have affected the bank that already suffers the...
The Electricity Company of Mozambique (EDM), in Niassa, is accumulating huge losses as a result of sabotage and vandalizing the infrastructure of the electricity distribution network. The most recent case of sabotage occurred last week in the village of Chissalanga, district of Sanga, where unknown people knocked down a power transmission pole with an axe.
The Electricity Company of Mozambique (EDM) has so far counted losses of about five million dollars as a result of damage caused to its infrastructure in Nampula province by Tropical Cyclone Gombe. The director of Revenue Protection and Loss Control at Electricidade de Moçambique, Amilton Álisson, indicated that the figures are...