In a statement French Finance Minister Bruno Le Maire said, Paris will do its best to iron out burrs on the technical parameters for a global tax reform at the next G20 meeting, which aims to change the way large… Read More ›
Economy & Finance
Germany’s services & manufacturing sector continues to expand
In August, economic activity in Germany’s services sector saw an expansion, albeit at a slightly weaker pace than the previous month, with businesses which had been hit by coronavirus induced COVID-19 lockdowns catered to pent-up demand. On Friday, as per… Read More ›
11 Ride-Hailing Firms, Including Didi, Summoned By Chinese Regulators Over ‘Illegal’ Practices
Eleven ride hailing companies in Chian were ordered to rectify their non-compliant behaviour by Chinese regulators after representatives of the companies were summoned and interviewed. Interviewing of the companies, including Didi, T3 and Meituan, were conducted jointly by the country’s… Read More ›
Record 225 Mln Euro Fine Slapped On WhatsApp By Ireland Over Privacy
Irish data protection regulator slapped a record 225 million euro ($266 million) fine on Facebook’s WhatsApp following pressure on Ireland by the European Union privacy watchdog to increase the penalty amount for breach of privacy charges. While saying that the… Read More ›
Chinese factory activity grows at slower pace, services sector contracts for first time Since April 2020
For the first time in since April 2020, China’s factory activity contracted in August despite COVID-19 containment measures, rising prices of raw material and adjustments in supply bottlenecks weighed on production output in a surprise blow to the economy. This… Read More ›
Turbulent US exit from Afghanistan sees GDP fall by 9.7%
In a report Fitch Solutions said, Afghanistan’s economy is likely to collapse following the turbulent withdrawal of U.S. forces following the Taliban’s grabbing power. The research arm of the credit ratings agency now expects the country’s real gross domestic product… Read More ›
VW asks US Supreme Court to reverse Ohio Court ruling in diesel emission scandal
In a significant development Volkswagen AG said, it has asked the U.S. Supreme Court to reverse an Ohio court ruling which paved the way for the state to move ahead with a lawsuit over its diesel emissions scandal. Previously, VW had… Read More ›
China directs closure of American Chamber of Commerce in Chengdu without citing violation of specific Chinese law
Officials from the American Chamber of Commerce in China’s southwestern city of Chengdu said, Chinese authorities have instructed them to close the American Chamber of Commerce. Earlier this week, the chamber notified its members that, in accordance with Chinese laws… Read More ›
Last Stock Of Leaded Petrol Exhausted, Eliminating It From The World, Said The U.N.
According to a declaration by the United Nation’s Environment Programme (UNEP), the last remaining stocks of leaded petrol have been used by completely last month – eliminating the high pollution causing fossil fuel. This was achieved after the UNEP campaigning… Read More ›
Ryanair And Lufthansa Signal Strong Recovery Of European Airline Industry
A “very strong recovery” in the coming months in the airline industry is expected by Ryanair, the largest airline of Europe by passenger numbers, according to the company’s Group Chief Executive Michael O’Leary. Its target of flying more than 10.5… Read More ›
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