Despite international sanctions, Russia has imported more than $1 billion of technology products, such as high-end processors. A UK-based company allegedly sent some of the contraband. This is evident from reports from the Financial Times and Nikkei. The Financial Times report on the illegal export is based, among other things, […]
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Inflation in the United States rose a lot less quickly in March than a month earlier. However, compared to a year earlier, life became 5 percent more expensive last month, according to the US government. Inflation was still 6 percent in February, but the falling prices of fuel and second-hand […]
Researchers have discovered human hair on which traces of drugs were found at a cemetery in Menorca, Spain. This is the conclusion of a new study published in Scientific Reports. The hair was found in the Es Càrritx cave, containing 200 human graves. The cave would have been used as […]
The leaked confidential American documents about, among other things, the war in Ukraine aroused the interest of the Kremlin in Moscow. “The leaks are quite interesting; everyone is studying, analyzing and discussing them widely,” spokesman Dmitri Peskov said. The leak, revealed last week by The New York Times, concerns US […]
Global food prices fell again in March and are more than a fifth lower than the peak a year ago, the United Nations Agriculture Organization (FAO) calculated. However, shortly after the Russian invasion of Ukraine in February 2022, prices for essential food and drink commodities rose to record highs. Both […]
The Swiss government will conduct an in-depth investigation into the crisis that led to the collapse of the major bank Credit Suisse. The government promised this to the Swiss parliament on Thursday. The larger Swiss industry peer UBS eventually bailed out Credit Suisse. The Credit Suisse crisis and the bailout […]
Global trade will grow less quickly this year than in 2022, the World Trade Organization (WTO) expects. The slowdown is related to inhibiting factors such as the war in Ukraine, inflation, tighter monetary policy from central banks and financial uncertainty. The WTO is slightly more optimistic than in its previous […]
The company can present a small increase in turnover but sees its profit decrease despite one-off windfalls. The Chinese supplier Huawei posted a turnover of 642.3 billion Yuan last year. That is an increase of 0.9 percent. However, net profit fell 68.7 percent to EUR 4.75 billion (CNY 35.6 billion), […]
Swiss banking group UBS will reduce its workforce by 20 to 30 percent after acquiring its troubled industry peer Credit Suisse. This means 36,000 jobs will be cut worldwide, reports the Swiss newspaper SonntagsZeitung. The newspaper bases itself on statements made by a manager at the bank. In Switzerland, 11,000 […]
Japan is further restricting the export of technology for the production of chips. From now on, about ten companies from the Asian country will need a license to export their most advanced products. The decision follows pressure from the United States to stop selling state-of-the-art semiconductor technology to China. Still, […]
