After European Union antitrust inspectors visited Gucci’s Milan headquarters this week as part of an inquiry involving many nations and businesses, the region’s booming luxury goods market came under scrutiny this week. The European Commission announced on Tuesday that antitrust… Read More ›
Volkswagen, a German automaker, is spending $1 billion developing electric cars in China and producing a vehicle aimed at the upper end of the market. In Hefei, a city close to Shanghai that has developed into an auto powerhouse and… Read More ›
The fact that Britain is the only significant advanced economy with double-digit inflation is an unfortunate sign of the tremendous economic problems the nation is currently experiencing. According to figures released on Wednesday, annual consumer price inflation (CPI) in Britain… Read More ›
By the middle of 2023, India’s population is predicted to reach 1.4286 billion, surpassing mainland China’s population forecast of 1.4257 billion. The data are now reflected in the Wednesday update to the UN’s World Population Dashboard. Since China’s population growth… Read More ›
A 43 billion euro ($47 billion) plan for the European Union’s semiconductor industry was approved on Tuesday in an effort to catch up to the United States and Asia and launch a “green” industrial revolution. The EU Chips Act, which… Read More ›
Despite efforts by airlines to prevent a recurrence of last year’s disruptions, data from travel firms shows that strikes across Europe have increased aircraft cancellations and delays and decreased bookings to places like Paris. According to data from travel claim… Read More ›
According to an organization representing the UK aviation sector, the cost of decarbonizing air travel will undoubtedly increase ticket costs and discourage some people from taking to the skies. According to Sustainable Aviation, actions like switching to more expensive sustainable… Read More ›
Despite rising global crude prices and requests from some nations for a lower price ceiling to limit Moscow’s income, the Group of Seven (G7) coalition will maintain a $60 per barrel price limitation on seaborne Russian oil, a coalition official… Read More ›
According to consumer electronics shop M.Video-Eldorado, Chinese smartphones accounted for more than 70% of the Russian market in the first quarter of 2023, up from about 50% the previous year. After Samsung and Apple both reduced sales in Russia due… Read More ›
The developer of the puzzle game Angry Birds, Finland’s Rovio Entertainment Oyj, has received a 706 million euro ($776 million) offer, according to the Japanese gaming titan Sega. The transaction would be for all of Rovio’s outstanding shares and options,… Read More ›
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