At the start of the new trading week, European investors will mainly focus on the German parliamentary elections and the gains for the Social Democratic SPD on Monday. The uncertainty surrounding the bankruptcy of the major Chinese real estate developer Evergrande continues to haunt the financial markets, as do the […]
Bill Gates Raises Billion for Clean Energy Development
American companies such as American Airlines, Microsoft and General Motors have donated $1 billion to a Bill Gates initiative. The money will be used to stimulate the development of technologies that should lead to clean energy. Gates’ project is called Breakthrough Energy and focuses, among other things, on green […]
China will Recycle More Plastic and Ban Thin Bags
In the fight against litter, China will reduce the use of plastic and, at the same time, focus more on recycling plastic. To combat “the entire chain of plastic pollution”, the country will ban fragile plastic bags and promote other materials such as bamboo. This is stated in a […]
Hong Kong Stocks Plummet Due to Chinese Tech Companies
The Hong Kong stock market fell sharply on Monday due to significant price losses among Chinese tech companies. Fears of a stricter approach to the tech sector in China were further fueled by a report in the British business newspaper Financial Times that Beijing wants to break up payment […]
Japan Economy Grew Somewhat Faster Than Expected in the Second Quarter
The Japanese economy grew somewhat faster than expected in the second quarter. That’s because Japanese companies have invested more than previously believed. However, the economic outlook remains uncertain for the country due to the high number of corona infections. The world’s third-largest economy grew 0.5 percent in the period […]
Philips Starts Repairing and Replacing Sleep Apnea Devices
Philips has started repairing and replacing its sleep apnea devices in the United States, containing foam that can be hazardous to health. The recall will start this month in virtually all other markets where the healthcare technology group sells those machines. Philips wants to complete the recall within a […]
World Bank Suspends Payments for Projects in Afghanistan
The World Bank suspends payments for development projects in Afghanistan because of the Taliban takeover of the country. Nevertheless, the institute is an important lender for projects in a very poor country. Since 2002, the World Bank has given more than 5.3 billion dollars in aid to Afghanistan. The […]
US Aviation Authority is Investigating Safety at Boeing
The Federal Aviation Administration (FAA) will investigate how Boeing handles safety issues. An FAA survey earlier this year found that many of the aircraft manufacturer’s mechanical engineers found it difficult to report problems. Bloomberg reported this based on a letter from the FAA department head responsible for overseeing Boeing. […]
German Think Tank: Port Congestion Hits China Exports
The export volume in China is expected to decrease this month compared to last month, while imports are likely to stagnate. This is due to the problems in the Chinese port of Ningbo, which was partly closed due to a corona outbreak. That expectation was expressed by the German […]
Musk and Bezos Appear to Force Satellite Companies into Mergers
Space pioneers Elon Musk and Jeff Bezos’ plans to launch thousands of satellites into orbit are forcing companies in the sector to prepare for consolidation. As a result, the amount involved in acquisitions, investments and joint ventures this year is already higher at 3.6 billion dollars than for the whole […]