According to two EU officials, the European Commission may exempt Hungary and Slovakia from an European embargo on Russian oil, given their dependence on Russian crude. The European Commission is expected to finalise a sixth package of EU sanctions against… Read More ›
Ahead of the crucial summer tourist season, Greece has lifted its COVID-19 restrictions for foreign and domestic flights, said its civil aviation authority in a statement. Athens hopes to see revenues from tourism bounce back from the pandemic slump. To… Read More ›
Amazon.com Inc has spent billions of dollars on new warehouses in recent years, slashing earnings while claiming to investors that it had no alternative but to fulfill ever-increasing consumer demand. According to observers, Amazon may have created too much, too… Read More ›
The high cost of raw materials will result in food prices continuing to rise and remain higher “for quite some time,” according to Asda chairman Lord Rose. Many families trying to make ends meet will “suffer,” the Conservative peer said,… Read More ›
In a statement Brazilian lender Itau Unibanco said, it has acquired a 11.36% stake in XP Inc a brokerage house, for around $1.61 billion (8 billion reais). In a securities filing, XP Inc said, the purchase does not change its governance… Read More ›
Saudi Arabia, the world’s largest crude exporter, may drop prices for crude grades supplied to Asia in June after benchmarks fell from records the previous month as COVID lockdowns curtailed demand in China, the world’s largest petroleum importer, traders said… Read More ›
The solar sector in the United States is predicting a significant slowdown in project instals this year due to global supply chain issues and the potential of new U.S. tariffs on panel imports from Southeast Asia. Southern Co, a U.S…. Read More ›
On Friday, according to preliminary EU-harmonised data inflation in France, fuelled by surging energy prices touched a record high in France in April, applying fresh pressure on newly re-elected French President Emmanuel Macron. In a statement, the INSEE statistics agency… Read More ›
On Friday, oil traders opined, Saudi Arabia is likely to cut crude oil prices to Asia in June following a slump in demand from China, which is seeing increasing COVID lockdowns which are curbing demand. China is the world’s biggest… Read More ›
In a significant development German Chancellor Olaf Scholz said, Berlin seeks closer relations with countries that shares its common democratic values in the Asia-Pacific region. Scholz is scheduled to visit Japan and will skip going to China, during his first… Read More ›
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