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Real Estate Giant Evergrande Crashes in Hong Kong After Trade Resume
The struggling Chinese real estate group Evergrande fell hard on the stock exchange in Hong Kong on Thursday after the resumption of trading in the share.
Investors could not trade in Evergrande for more than two weeks due to…
Pressure on President Xi: Evergrande and Energy Shortages Slow Economic Growth
China's economic recovery after Covid is slowing down amid mounting problems in the real estate sector and ongoing power shortages.
China's GDP grew 4.9 percent year-on-year in the third quarter, well below last quarter's 7.9…
German State Wants to Ban Gas Extraction in the Wadden Sea
Drilling for oil and gas in the Wadden Sea near the German state of Lower Saxony will be banned next year if it is up to the regional environment minister Olaf Lies.
A law will be introduced in the state parliament in January and…
Higher Chinese Energy Prices Drive Inflation
The Chinese government has increased regulated electricity prices for large consumers to counter the power outages in the country. The higher price should make it more profitable for electricity producers to increase the supply.
In…
Attention to American Jobs Report on Stock Exchange Damrak
Stock exchange trading on the Damrak on Friday is mainly dominated by the official jobs report from the American government, which will be released later in the day. Earlier this week, figures from payslip processor ADP showed that the…
Nikkei Breaks Losing Streak After Wall Street Recovery
The stock exchange in Tokyo ended Thursday with a profit, breaking an eight-day loss series. Investors took to the recovery on Wall Street, which welcomed a Republican proposal to raise the debt ceiling into December with relief.
…
Media: Brits have Alternative to Northern Ireland’s Brexit Protocol
The United Kingdom seems unilateral to push the Northern Ireland Brexit protocol aside. However, the British minister responsible for Brexit has an alternative plan to replace the protocol.
According to British newspapers, the…
British Pigs Possibly Culled Due to Shortage of Butchers
The UK's farming sector is warning hundreds of thousands of pigs may have to be culled within weeks unless the government issues more visas to allow butchers into the country.
Due to the corona crisis and the British immigration…
Confidant Car Magnate Ghosn Hears 2 Years in Prison Against Him
A former director of Nissan has been sentenced to two years in prison for tampering with the finances of the Japanese car group. Japanese prosecutors accuse Greg Kelly of hiding payments to fallen car magnate Carlos Ghosn. The American is…
European Energy Prices Rise to New Records
Energy prices in Europe rose to new records on Tuesday. Gas prices, in particular, are rising sharply due to strong demand. In the United Kingdom, there are even concerns about gas shortages in the winter period.
The price of…