profits
29 Oct
When bombs are falling, arms industry profits are rising. As war rages in Gaza, we look at how the defence sector is both benefiting from the violence and struggling to keep up. Even before the latest flare-up, global defence spending was rising to Cold War levels – largely due to the war in Ukraine, but also due to a perceived threat from China's growing military prowess. In 2022, military outlays rose for the eighth straight year, hitting $2.24 trillion.
2 Jul 2023
With a record-breaking 30 million tonnes of sugar produced last year, India recently became the world's largest sugar producer, surpassing Brazil. But at what cost? Every year, from September to March, over 1.4 million Indian workers migrate internally, searching for work in sugar cane fields. The labourers are paid a meager €300 to €400 for six months of hard toil, with only one day off per month.
25 Apr 2023
Electric vehicle maker Tesla reported a 24 percent rise in revenue in the first quarter of the year, while also seeing a 24 percent drop in profits. This follows a price-cutting drive in order to gain more market share in an increasingly competitive industry.