This week, German utility EnBW committed to spending one billion euros ($1.08 billion) to construct clean hydrogen pipes as part of a national grid that would begin to operate commercially by 2032. Germany is placing its bets on green hydrogen… Read More ›
Digital platform Qifa told Reuters that while certain settlements directly through banks are taking months to clear owing to sanctions, the rising usage of digital assets in cross-border settlements between Russia and China is easing bilateral payment concerns. Chinese-owned Qifa… Read More ›
There has been a recent upsurge in dealmaking between the areas, as evidenced by Abu Dhabi’s ADNOC’s aim to acquire German chemical producer Covestro for 11.7 billion euros ($12.74 billion). This would be the largest European purchase by a Middle… Read More ›
A first estimate released by the Commerce Department on Thursday indicates that the second quarter of U.S. economic activity was far higher than anticipated. After accounting for inflation and seasonality, the real gross domestic product—a measure of all the goods… Read More ›
France’s BNP Paribas reported better-than-expected quarterly results on Wednesday, balancing a significant decline in net interest income at its French retail division with a spike in investment banking revenue driven by increased stocks trading. The largest bank in the euro… Read More ›
Exchange-traded funds (ETFs) linked to the price of ether in the United States had a successful launch on Tuesday, with $1.07 billion worth of shares trading hands in the products, as reported by dealers, Bitwise Asset Management, and CF Benchmarks,… Read More ›
According to previously unreleased U.S. Commerce Department data, the amount of banned commodities and semiconductors moved through China and Hong Kong to support Russia’s war effort decreased by a fifth this year, but Hong Kong is still a hub for… Read More ›
According to a study released on Monday by the finance ministry, India’s GDP is expected to develop by 6.5% to 7% in the current fiscal year that ends in March 2025, which is less than the 7.2% growth predicted by… Read More ›
This week, at a hearing before the European Commission, an industry group representing twelve Chinese automakers claimed that EU tariffs on electric vehicles manufactured in China were illegal and needed to be lifted. At a hearing on Thursday, the China… Read More ›
As central banks have stepped in to defend their currencies, Asia’s foreign reserves have decreased this year, with South Korea, Indonesia, and Japan seeing the biggest reductions. By the end of June, foreign reserves in 12 countries—from Japan to India—had… Read More ›
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