The pick-up in tourism means good news for the Turkish treasury. For the first time in nine months, a current account surplus was recorded in August, the Turkish central bank reported. The balance in the important summer month was converted to 445 million pounds positive, whereas it was 3.2 […]
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The turnover of Chinese real estate developers collapsed in September due to the crisis at Evergrande. That faltering Chinese real estate group missed debt payments and could no longer pay suppliers. Evergrande is heavily indebted. There are fears of a knock-on effect from bankruptcies if the company goes bankrupt. […]
The German industry is suffering from supply problems such as the shortage of chips for the car industry. Industrial production in Europe’s largest economy fell 4 percent in August from a month earlier, far more than experts had anticipated. On average, they assumed a 0.5 percent lower production. The […]
Facebook boss Mark Zuckerberg says the accusation that his company prioritizes profit over user safety makes no sense. “It’s hard to see messages that misrepresent our work and motives. Unfortunately, I think most of us don’t recognize the false image being put up of us,” he writes. Facebook has […]
Industrial companies in the eurozone further increased their prices in August. Compared to the same month in 2020, their products became 13.4 percent more expensive. Prices rose sharply, especially at energy companies. Now that the recovery from the corona crisis is going fast, shortages of materials, parts and labour […]
Investment fraud caused damage of more than 13 million euros in the first nine months of this year, says the Fraud Helpdesk. This concerns both people who accepted an advertisement and victims who were approached by email or telephone with different products. For the whole of 2021, the organization […]
The dire fuel shortages at many petrol stations in the UK could continue for weeks. According to the Petrol Retailers Association (PRA), the British petrol station industry association (PRA), it will take even longer before the situation normalizes and petrol stations have sufficient supplies again. Due to the shortage […]
German inflation rose above 4 percent for the first time in 28 years in September. This is according to an initial estimate by the German Federal Statistical Office. The annual currency depreciation amounted to 4.1 percent. A change in the VAT rate partly caused a sharp increase in inflation. […]
Rolls-Royce only wants to build and sell electric cars by 2030. BMW’s luxury car brand is currently conducting test drives with the first all-electric car that the company plans to mass-produce. This model, called Specter, is expected to go on sale in the last quarter of 2023. Car brand […]
The widow of Apple co-founder Steve Jobs, Laurene Powell Jobs, spends billions of dollars on climate change. An amount of 3.5 billion dollars will be invested in a foundation that will help disadvantaged communities affected by climate change. The climate foundation is called Waverley Street Foundation. The money will […]
