Mercedes-Benz is not yet aware of the historically low consumer confidence due to high inflation. Nevertheless, the German luxury car brand sold more than a fifth more passenger car from July to September than a year earlier. Mercedes-Benz sold 517,800 cars in the third quarter, 21 percent more than in […]
Business
The outlook for the global economy is becoming increasingly bleak this year. That is why the International Monetary Fund (IMF) will have to lower its growth expectations again next week, top woman Kristalina Georgieva said in a speech at Georgetown University. It is not the first time this year that […]
Russia has threatened Moldova, between Romania and Ukraine, with the interruption of gas supplies. That’s because the former Soviet state has failed to meet its payment obligations. “Gazprom reserves all rights, including the right to suspend deliveries completely if payment obligations are not met by October 20,” the Russian state […]
Global economic growth, and certainly in Europe, will be considerably lower in the coming period than previously thought. The Organization for Economic Co-operation and Development (OECD) forecasts a growth of 2.2 percent for next year instead of the 2.8 percent forecast in June. The outlook for Germany is entirely bleak. […]
The European Commission wants to ban products made through forced labour. This concerns not only T-shirts made in China by oppressed Uyghurs but also all goods made forcibly from outside and within the European Union. With this explicitly broad approach, Brussels hopes to avoid arousing the ire of China. The […]
Stock markets in New York fell sharply on Tuesday after the recent strong price recovery. A disappointing inflation figure weighed down the mood among investors on Wall Street. Consumer prices in the United States rose 8.3 percent in August. However, economists had expected a sharper cooling in inflation to 8.1 […]
Iran has offered itself as an energy supplier to help avert the energy crisis in Europe. “We have the necessary gas reserves and could potentially meet Europe’s needs in this area as well,” said a spokesman for Iran’s foreign ministry. But before Tehran makes deliveries, the Vienna nuclear agreement must […]
A new US law targeting forced labor in China’s Xinjiang region is having a major impact on trade flows between China and the United States. For example, Chinese solar panels and other equipment to generate solar energy have been piling up on the US border since the law was passed. […]
The American online retailer Amazon will increase the prices for its delivery and streaming service Prime in Europe. In a statement, Amazon cited “high inflation and operating costs,” as well as faster deliveries and more content to stream as reasons for the price hikes. In some countries, it is […]
Medical technology company Philips sold less in the second quarter. The company suffered a lot from the lockdowns in China and supply problems for parts and materials. Because of this headwind, Philips is also becoming more negative about this year as a whole. The company expects comparable sales to […]
