The German government has temporarily taken control of two subsidiaries of Russia’s energy behemoth Rosneft. The government’s action places it in charge of Rosneft’s stakes in three refineries in the country. This includes a key facility in the country’s northeast… Read More ›
Ford Motor Company is asking its nearly 3,000 dealers to invest up to $1 million in upgrades to sell all-electric vehicles, as the automaker seeks to reduce overhead costs and increase profits at its dealers in order to better compete… Read More ›
Starbucks raised its long-term financial forecast on Tuesday, following the announcement of a series of changes to its cafes as part of its reinvention plan. The Seattle-based company anticipates annual earnings per share growth of 15 per cent to 20… Read More ›
The euro zone’s finance ministers decided on Friday to work together to safeguard consumers and businesses from skyrocketing energy costs, coordinating their support measures with the ECB to prevent escalating inflationary pressures. The ministers from the 19 nations that make… Read More ›
Christian Sewing, the CEO of Deutsche Bank, urged Germany’s leaders on Wednesday to quicken the country’s decoupling from China and issued a dire warning that a recession is imminent. Sewing stated in a speech at the Handelsblatt Banking Summit in… Read More ›
The Biden administration has stated that US tech companies that receive federal funding will be prohibited for ten years from constructing “advanced technology” facilities in China. The policies were unveiled as part of a $50 billion (£43 billion) plan to… Read More ›
The problems in China’s residential property market are predicted to worsen this year as homebuyers remain wary, with economists now forecasting a decline in home prices in 2022 and a speedier fall in property sales than predicted earlier. According to… Read More ›
According to reports, the British government is preparing to make public a set of data showing that approximately 1.1 billion pounds ($1.27 billion) of loans given to small businesses according to a Covid-19 emergency lending scheme have already been categorized as potential fraud…. Read More ›
The US Justice Department announced that a subsidiary of Dutch medical device maker Philips has agreed to pay more than $24 million to settle allegations of false claims regarding respiratory-related medical equipment. According to the Justice Department, the subsidiary, Philips… Read More ›
Elon Musk sent out a supplemental letter of deal termination to Twitter Inc, citing a recent whistleblower complaint from the social media firm’s former security chief as yet another reason to cancel the $44 billion deal. Last week, Peiter Zatko,… Read More ›
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