According to the U.N. secretary general, developed nations should impose an additional tax on the profits of fossil fuel companies, with the money going toward helping households dealing with the cost of living crisis and nations affected by climate change…. Read More ›
The Chinese start-up revealed that it was testing a function called City NGP, short for navigation guided pilot. According to Xpeng, City NGP will enable the car to carry out a “full range of driving tasks,” such as maintaining a… Read More ›
With Russian gas flows still running at significantly reduced rates due to the Ukraine war, European governments outlined new measures on Monday to deal with potential energy shortages this winter and sped its strategy to upgrade energy networks to share… Read More ›
The World Bank has warned that increases in interest rates by central banks around the globe could trigger a global recession in 2023. To combat rising prices, central banks have raised interest rates “with a degree of synchronicity not seen… Read More ›
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 ›
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 ›
On Tuesday, Germany’s economy minister said the government was working on a new trade policy with China to reduce reliance on Chinese raw materials, batteries, and semiconductors, promising “no more naivety” in trade dealings with Beijing. Last week, sources told… 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 ›
According to U.S. and European officials, the G-7 nations are still looking for additional nations to join their efforts before entering more in-depth discussions about the specifics of the policy, two months after agreeing to investigate price caps on Russian… Read More ›
Even as Europe gets ready to phase out all Russian imports, the continent had been already facing a challenging and unpredictably cold winter when it came to its energy supplies. But on Wednesday, Russian President Vladimir Putin once more threatened… Read More ›
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