Almost 2 million workers in Europe’s largest economy will get significant wage increases. Following protracted coalition discussions, three German political parties agreed to create a new government on Wednesday, with left-leaning Social Democrat Olaf Scholz expected to succeed Angela Merkel… Read More ›
The chairman of the world’s largest energy authority has criticized “artificial tightness” in energy markets for failing to take a supportive stance to calm skyrocketing oil and gas prices. ″[A] factor I would like to underline that caused these high… Read More ›
In a statement the U.S. Federal Communications Commission (FCC) said, it has asked a federal appeals court to reject China Telecom Corp’s bid to continue providing services in the United States after it revoked authorization for the Chinese company to… Read More ›
In a significant development that once again casts a shadow on the concept of the European Union, Poland’s Constitutional Tribunal ruled that the European Court of Human Rights has no power to question its appointment of judges. The ruling by… Read More ›
The United Arab Emirates and Turkey have signed agreements worth billions of dollars in investments in areas ranging from energy and technology following talks between Turkish President Tayyip Erdogan and Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed al-Nahyan. The… Read More ›
In a statement, the US Department of Energy said, the United States has launched an auction for 32 million barrels of crude from four strategic petroleum reserves (SPR) sites which will be delivered between late-December and April 2022. Washington’s sale… Read More ›
According to Goldman Sachs analysts, a coordinated release of government oil reserves by a number of oil importing countries headed by the United States may add approximately 70 million to 80 million barrels of crude supply to the market, which… Read More ›
In an effort to enhance its production capacity and alleviate the worldwide chip shortage, Samsung plans to build a $17 billion semiconductor facility in Taylor, Texas, over the next three years. The 5 million square metre project was disclosed by… Read More ›
Apple has filed a lawsuit against Israeli spyware business NSO Group and its parent company for allegedly using a hacking tool to target iPhone users. The Pegasus software from NSO can infect both iPhones and Android devices, giving operators access… Read More ›
The alternative meat maker Impossible Foods has secured more than $500 million in a fundraising round recently that was led by its current stakeholder Mirae Asset Global Investments. This successful funding round clearly indicates the rise in investor interest in… Read More ›
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