According to the chief of the World Health Organization, the current position of the world to ultimately bring an end to the COVID-19 pandemic is at its best than ever. This was the most optimistic assessment yet by the global… Read More ›
Sustainability
Ford Is Encouraging Dealers To Invest In Evs As It Seeks To Match Tesla’s Profits
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 Raises Its Long-Term Financial Forecast As It Reveals Its Reinvention Strategy
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 ›
Germany Is Developing A New China Trade Policy And Vows “No More Naivety”
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 ›
Euro Zone Will Organize Monetary And Fiscal Policy To Combat Inflation
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 ›
G-7 Wants To Include More Nations To Engage In Russian Oil Cap Prior To Deal Negotiation
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 ›
Putin Says He’ll Let Europe “Freeze” This Winter, Increasing The Likelihood Of Energy Rationing
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 ›
U.S. Bank Regulator Issues A Crisis Risk Warning Due To The Growth Of Fintech
Michael Hsu, Acting Comptroller of the Currency, a significant U.S. bank regulator, warned on Wednesday that the growth of fintech services and digital banking could lead to long-term financial risks and possibly a crisis. “I believe fintechs and big techs… Read More ›
CEO Of Deutsche Bank Foresees An Impending Recession And Urges Germany To Reduce Its Reliance On China
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 ›
US Bans “Advanced Tech” Companies From Constructing Factories In China For Ten Years
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 ›
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