Oil and gas group Shell will pay out more money to shareholders, now that the economic recovery from the corona crisis and high energy prices are being greatly benefited. Shell reported this in an update on the course of business in the second quarter. The Anglo-Dutch company plans to increase […]
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No Forced Labour in the Production of Raw Materials for Solar Panels in China
Forced labour is not used in China’s Xinjiang province to produce raw materials and materials for solar panels. That says the Chinese solar panel industry association after the United States imposed restrictions on imports of those raw materials last week because of suspicions of forced labour. Many of those […]
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United Airlines Orders Hundreds of Aircraft from Boeing and Airbus
United Airlines has ordered 270 new aircraft from Boeing and Airbus. The American Boeing is allowed to supply two hundred aircraft of the type 737 MAX, and Airbus receives an order for seventy units of the type A321neo. In total, United’s order is worth about $15 billion, market experts […]
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Shareholders Toshiba Oppose Reappointment Chairman
Toshiba shareholders voted Friday against the reappointment of Japanese technology and electronics group chairman Osamu Nagayama. That came after revelations about Nagayama’s attempts to influence the vote on proposals from activist investors. It is rare for shareholders in Japan to so openly oppose directors. Earlier this month, an investigation […]
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Nikkei Crashes Amid US Interest Rate Fears
The stock market in Tokyo fell sharply on Monday. Investors sold their shares amid fears of a faster-than-expected rate hike in the United States. The US Federal Reserve (Fed) said last week that interest rates are likely to rise sooner than expected, and the head of the central bank […]
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Israel to Ban Fur in Trade and Sale of Fashion Products
Israel to impose a ban on fur in the trade and sale of fashion products. According to the Israeli government, fur may only be used for research purposes and for certain religious traditions. Animal rights groups applaud the ban, saying Israel is the first country to impose such a […]
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Game Console Company Nintendo to Open Museum
Game console and game maker Nintendo plans to open its own museum, where visitors can look at the products the Japanese company has released over the years. The museum in the Japanese city of Kyoto should open its doors in the spring of 2024. Earlier this year, a Nintendo […]
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EU Comes Up With Plans for Digital Wallet
The European Union will unveil plans for a digital wallet on Wednesday. This is reported by the British business newspaper Financial Times. Citizens should be able to securely access a range of corporate and government websites by logging into the yet-to-be-built app. The app could also be used as […]
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KLM Continues to Fly Over Belarus
Airline KLM continues to fly through Belarusian airspace. The airline says it sees no safety risk and states that the flight schedule “will continue normally”. KLM has consulted with the government and carried out a risk assessment. Several other airlines are avoiding Belarusian airspace for the time being. On […]
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Turkish Energy Company Stops Power Supplies to Lebanon
Turkish company Karpowership will stop supplying power to Lebanon from two floating power plants off the country’s coast. The move follows significant arrears and a legal dispute with the Lebanese government, which is suffering from a deep economic crisis. Karpowership supplies about a quarter of Lebanon’s power needs and […]