Business

The European Central Bank (ECB) must speed up the phasing out of its stimulus measures. Especially now that prices are rising too quickly and price increases are also widely spread. That said François Villeroy de Galhau, the boss of the…

There is currently a record amount of Russian oil in tankers at sea, mostly en route to India and China as Western countries restrict imports of oil from Russia because of the war in Ukraine. This was reported by market researcher…

Taiwan has not been part of the US Indo-Pacific Economic Framework for Prosperity (IPEF) initiative from the start. US National Security Adviser Jake Sullivan said. The economic bloc must counterbalance China and the intended…

The economic crisis in Sri Lanka is going from bad to worse. The country cannot pay off a loan for the first time since it gained independence from Britain in 1948 and is thus virtually bankrupt. Nandalal Weerasinghe, the governor…

The eurozone economy grew slightly faster in the first quarter of this year than previously thought. The eurozone grew by 0.3 percent in the quarter compared to the previous period, the European statistical office Eurostat reported…

Tesla is delaying increasing production at its large factory in Shanghai by a week. Initially, the electric car manufacturer was expected to increase production again from Monday, but that will not be done until next week, according to an…

Siemens is leaving Russia because of the war in Ukraine after being active in that country for almost 170 years. The sanctions against Russia already caused the German industrial group a financial blow of about 600 million euros last…

The United States is now also going to tackle Russia's Gazprombank with new sanctions. That bank is essential for the payments of the Russian gas supply to Europe and was therefore previously kept out of harm's way. But now, the…

A conflict at the Chinese branch of chipmaker Arm means that the local CEO, who was fired last week, does not want to resign, invoking an ancient custom. Last week, Allen Wu was fired from Arm China. But for the time being, the man…

After a few days of price increases, the gas price in Europe is going down. Buyers are looking at how to meet Russian requirements without violating sanctions against the country. The gas price on the Dutch futures market – the…