Business

Virgin Galactic has received approval from the FAA for commercial flights to space. That made the space company of billionaire Richard Branson known. The part of Branson's conglomerate Virgin Group has been working for years on…

The oil price could rise to 100 dollars a barrel now that the oil demand is picking up strongly due to the economic recovery from the corona crisis. In addition, decreased investment in new projects in the oil sector could lead to tight…

Russia is considering submitting a proposal to oil alliance OPEC+ for a further increase in oil production. Russian officials told Bloomberg news agency. The Organization of Oil Exporting Countries (OPEC) and its allies, including…

Due to the corona crisis, airports have too little money for significant investments until at least 2032. This is because starting up air traffic costs more money than they earn from processing air traffic and travellers. ACI Europe, the…

China's investment in Europe fell sharply last year. According to a study by the American research firm Rhodium Group and the German Mercator Institute for China Studies, direct investment from China in the European Union and the United…

Hedge funds expect to buy more crypto coins in the coming years. That reports business newspaper Financial Times based on research by financial services provider Intertrust among a hundred hedge funds. The research shows that there…

Oil and gas company Shell may sell its assets in the largest US oil field. It would be an essential step for the company in the transition to sustainable energy, and insiders told Reuters news agency. Shell has recently come under…

The prices charged by Chinese manufacturers for their products rose in May at the fastest pace since 2008. Rising raw material prices are to blame for the price increase. It also creates price pressure worldwide. Producer prices…

Amazon will invest 2.5 billion euros in constructing a new data centre in the north of Spain. The building should be operational within a year. The new location will open in mid-2022 and will be located in the Spanish region of…

Car manufacturer Daimler wants to increase the production of Mercedes-Benz in China. According to documents on the Chinese website, the German company, which has a partnership in China with the Chinese BIAC Motor, wants to increase…