On Tuesday, EU leaders have “in principle” reached an agreement to ban oil imports from Russia, said European Commission chief Ursula von der Leyen. “I am very glad that the leaders were able to agree in principle on the sixth… Read More ›
Economy & Finance
Foxconn expects stable supply chain from third quarter
On Tuesday, Foxconn, the world’s largest contract chipmaker, said it expects the second half of this year to be “in a better direction” since COVD-19 lockdown appears to be easing in Shanghai. “We are quite confident in the stability of… Read More ›
Serbia signs 3 year LNG supply deal with Russia
In a statement Serbian President Aleksandar Vucic said, Belgrade will be signing a new three-year gas supply contract with Russia. “I can not speak about the price now, all details will be agreed with Gazprom,” said Vucic while adding, that… Read More ›
EU Unity on Russian sanction starting to crumble: German Economy Minister
In a statement German Economy Minister Robert Habeck expressed concerns over the European Union’s unity on Russia, saying he is seeing signs that they are “starting to crumble”. Habeck made the comments ahead of a summit to discuss an oil… Read More ›
Google wants to join India open e-commerce network ONDC
According to two sources familiar with the matter at hand, Alphabet Inc’s Google is in talks with the Indian government to integrate its shopping services with the country’s open e-commerce network ONDC. In late April, India launched its Open Network for… Read More ›
Ukraine War Could Lead To A Global Recession, Warns World Bank Boss
The World Bank’s chief economist has warned that Russia’s invasion of Ukraine might trigger a global recession if food, gasoline, and fertiliser prices rise. On Wednesday, David Malpass said it’s tough to “see how we avoid a recession” during a… Read More ›
Egypt to host COP27 climate summit in November 2022
According to a senior Egyptian official, Cairo will position itself as an impartial arbiter while hosting this year’s COP27 climate summit. It will pushes nations to act on their climate pledges while promoting the interests of the developing world. In… Read More ›
Survey Shows Sharp Fall In Outlook Of CEOs As More Than Half Expect A Recession
According to a highly respected business survey released Wednesday, corporate executives are pessimistic about their outlook, with an overwhelming majority of them now forecasting a recession. According to the Conference Board’s survey of CEO sentiment, 57 per cent of the respondents now expect inflation to… Read More ›
Consultants Predict Further Drop In Light Vehicle Sales Globally For 2022
J.D. Power and LMC Automotive, two consultant firms in the auto industry, have both lowered their worldwide light vehicle sales projection for 2022, citing lockdowns in China as well as the ongoing conflict in Ukraine as the factors that has impacted auto manufacturing in the sectorsecin. The… Read More ›
With Booming Online Sales, Marks & Spencer Moves Away From Town Centres
Marks & Spencer is shifting away from town centres, citing an increase in online clothing and homeware sales. During the pandemic, the firm stated, the shift to online purchasing “raised the pressure” to shrink its clothes and home trade space…. Read More ›
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