The British government warns of impending tax hikes mainly affecting the rich. Plans are coming out in the coming week to repair the economic havoc wrought under the brief reign of former Prime Minister Liz Truss. Truss’ successor Rishi Sunak, who is en route to the G20 summit in Bali, […]
Business
The European climate targets can probably be tightened. For example, the EU has agreed on measures to capture CO2 in forests and swamps. As a result, the Union would be able to reduce CO2 emissions by 2030 not by 55 but by almost 57 percent. The agreement “helps open the […]
At least half a million employees in the United Kingdom have been at home with long-term health problems since the corona crisis. That is an increase of a quarter compared to the number before the pandemic, statistics agency ONS reports. The statistical office, similar to the Dutch Central Bureau of […]
Bitcoin cryptocurrency lost a lot of its value on Tuesday. The cause seems to be the news surrounding the potential takeover of crypto exchange FTX by its rival Binance. On Sunday, Binance boss Changpeng Zhao tweeted that his platform would eliminate all of its competitor’s FTT digital tokens “following recent […]
Nintendo expects to sell fewer Switch game consoles in the current fiscal year, which runs through March. This is partly because the Japanese company is suffering from production problems with the popular console due to shortages of parts such as chips. The sales forecast for the Switch was reduced by […]
The share of Adidas experienced a price jump of one-fifth on the stock exchange in Frankfurt on Friday. The share shot up after reports that the current CEO of competitor Puma is making the sensitive switch to Adidas. Puma lost 6.4 percent of its market value. Based on insiders, the […]
Healthcare company CVS Health, pharmacy company Walgreens Boots Alliance and supermarket group Walmart have reportedly settled for their role in the so-called opiate crisis in the United States. According to insiders, the three major concerns have tentatively agreed to pay more than $12 billion to buy off thousands of lawsuits […]
The large American technology companies Microsoft and Google parent Alphabet fell hard on the stock exchanges in New York on Wednesday. Investors were disappointed with the results of the two tech giants, sending shares down 8.3 percent. In addition, Facebook parent Meta Platforms, which comes with quarterly figures after the […]
Musk said on Twitter that US billionaire Elon Musk’s space company SpaceX is losing about $20 million a month by providing its satellite internet service to Ukraine. Still, he continues to pay the bill for the Starlink internet terminals in the country. The company does not receive any money from […]
The major US banks, JPMorgan Chase and Wells Fargo made less profit than a year ago last quarter. While the banks are taking advantage of US Federal Reserve rate hikes to contain inflation, they also need to set aside more money for loans that may never be repaid. This is […]
