Sports Brand Nike Falls on Wall Street Positive

Nike was lowered on the stock exchanges in New York on Tuesday. The turnover of the American sports equipment brand fell slightly in the past quarter. This was mainly due to weaker sales in the important Chinese market due to corona lockdowns.

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G7 Allocates up to $5 Billion for Food Security

The G7 countries will commit up to $5 billion for global food security, the US administration said. More than half of the amount will come from the United States, a senior US government official said Tuesday at the G7 summit in Elmau, Germany.

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Tesla Car Maker Falls on Wall Street Recovering

Tesla lost value on Wall Street on Thursday after CEO Elon Musk said that the new factories in Germany and Texas are suffering billions in losses. The factories of the maker of electric cars suffer from high costs and, according to Musk, are “gigantic money-burning blast furnaces”.

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