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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
With China trying to tackle a surge in Covid-19 cases and grappled with the ongoing shipping crisis, the economy of the country slowed down in August. An official survey denoting manufacturing activity dropped to 50.1 in August compared to 50.4… Read More ›
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