Despite European Union sanctions, Russian diesel exports are on track to hit a record high this month. It was thought the Russians would sell less because of the European ban on oil products from Russia. However, the loss of Europe as the main buyer is more than compensated by higher […]
Russian oil pipeline manager Transneft said on Monday that Poland would no longer receive Russian oil through the Druzhba pipeline because the country has failed to meet payment terms. Last weekend it was announced that Russia had stopped the oil supply to Poland through the pipeline. Transneft said supply was […]
European aircraft manufacturer Airbus plans to hire 3,500 additional employees in Germany this year. Airbus had earlier announced that it wanted to employ thousands of extra people this year because the company is struggling with staff shortages hindering production. Airbus has factories and facilities throughout Germany, including a large assembly […]
The German airline Lufthansa is suffering from IT problems that prevent flights from departing. The systems used for check-in and boarding are not working. A spokeswoman said the company is working on a solution. The problems lead to flight delays and cancellations. At Frankfurt Airport, where Lufthansa has its home […]
The online payment service puts 2,000 people at the door, or 7 percent of the workforce. PayPal is the latest in the line of tech companies cutting their workforce significantly in anticipation of their quarterly results. According to the company, it wants to focus more on ‘core strategic tasks’. Like […]
French inflation fell unexpectedly in December. However, because the French government began to phase out regulations that made fuels cheaper carefully, economists had expected a further increase. The drop provides relief for the European Central Bank (ECB) after Spain and Germany reported lower inflation in December. The Netherlands will publish […]
The Attorney of the US city of Washington has filed a complaint against Amazon. This is because the retail company would not have been honest about the destination or tips consumers gave for the delivery of their order. Last year, Amazon agreed to pay $62 million in a settlement. But […]
Train passengers in the United Kingdom can also likely expect disruption during the Christmas weekend. Earlier, unions announced various strikes moments in December and January. Still, the British PA Media writes the railway employees also threaten to stop working from Saturday evening, December 24, to Tuesday, December 27. Next week, […]
The government of the new British Prime Minister Rishi Sunak is going to cut public spending and raise taxes significantly to improve the finances of the United Kingdom. Chancellor of the Exchequer Jeremy Hunt told parliament in his “Autumn Statement” that the total amount involved is £55 billion, the equivalent […]
Japan and IBM will invest in a factory to produce 2nm chips. The country invests 70 billion yen in factories and other companies such as NEC, Toyota, Sony, NTT, Softbank, Kioxia and MUFG Bank. The announcement comes after an earlier report for a joint technology research program with the US […]
