Business

Swedish network equipment maker Ericsson expects to be fined for a bribery scandal in Iraq. Ericsson is said to have paid bribes in that country to gain access to transport routes. Money from the company would also have ended up…
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Due to the corona lockdowns in China, that country's economy is growing less fast, and slightly less oil is needed worldwide this year. As a result, according to the International Energy Agency (IEA), demand for jet fuel is declining.…
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Electronics giant Sony and car maker Honda are working on a strategic alliance to make electric cars together. The Japanese companies have announced this. On the left is the newly introduced Sony Vision-S 02; on the right is the…
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After a strong recovery in global gas demand in 2021, growth will be weaker this year. This is partly due to the high gas prices. In Europe, demand will even fall. The International Energy Agency (IEA) predicts this on Monday. For…
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Apple became the first company ever to reach a market cap of $3 trillion. Converted, it concerns a value of 2,260 billion dollars. In 2018, the American technology company was the first to cross the threshold of USD 1,000 billion…
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Goods and services became 3.4 percent more expensive for consumers in October than a year earlier. That is the most substantial increase since April 2002, reports the Central Bureau of Statistics (CBS). Gas and electricity, among…
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The European Central Bank (ECB) will make another interest rate decision on Thursday. Due to the rising inflation in the eurozone, policymakers at the central bank probably have a lot to discuss. But economists generally assume that the ECB…
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The United States has banned the activities of the US branch of China Telecom. FCC regulator says the telecom company is controlled by the Chinese government and is, therefore, a threat to US national security. The FCC has given…
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EU energy ministers, including Stef Blok, are meeting in Luxembourg to discuss the energy crisis. The recently sharp rise in energy prices also affects households and companies. In the short term, the Member States themselves can…
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Shares of China Evergrande New Energy Vehicle Group shot up on the Hong Kong stock exchange on Monday. The jump followed ailing Chinese real estate developer Evergrande's plans to favour the growth of its electric car division over its real…
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